Semaphore signal indicator based on the VolatilityQuality indicator algorithm.
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".
Figure 1. The VolatilityQualitySign indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14329
The ColorBulls with the timeframe selection option available in the input parameters.ColorBears_HTF
The ColorBears with the timeframe selection option available in the input parameters.