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2016.02.08 15:05
ColorBears

ColorBears - indicator for MetaTrader 5

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\MQL5\Include\
colorbears.mq5 (8.15 KB)view

Description:

A usual Bears Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram. Additionally, smoothing of the resulting indicator is performed.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Image:

Figure 1. The ColorBears indicator

Figure 1. The ColorBears indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14273

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