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You liked the script? Try it in the MetaTrader 5 terminal

metro.mq5 (9.69 KB) view

vkw_bands_modify.mq5 (10.51 KB) view

vkw_bands_modify_htf.mq5 (12.44 KB) view

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The VKW_Bands_Modify with the timeframe selection option available in the input parameters:

input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;  // Indicator chart period (timeframe)

The indicator requires VKW_Bands_Modify.mq5 and METRO.mq5 indicator files. Place them in terminal_data_folder\MQL5\Indicators.

Figure 1. The VKW_Bands_Modify_HTF indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14457

METRO_DeMarker_Sign

Semaphore signal indicator based on the METRO_DeMarker indicator cloud color change algorithm.

METRO_Sign

Semaphore signal indicator based on the METRO indicator cloud color change algorithm.

VKW_Bands_Modify_DeMarker

The indicator for determining the time when the pending orders should be placed, using the ColorMETRO_DeMarker oscillator.

VKW_Bands_Modify_DeMarker_HTF

The VKW_Bands_Modify_DeMarker with the timeframe selection option available in the input parameters.

VKW_Bands_Modify_HTF - indicator for MetaTrader 5