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2016.06.30 13:03

M2_MACandle - indicator for MetaTrader 5

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votes: 12
M2_MA.mq5 (7.54 KB)view

M2_MA implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by M2_MA indicator algorithm.

In many situations, such approach may be more informative for the purpose of analysis.

The indicator requires M2_MA.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the 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".

Fig.1. M2_MACandle

Fig.1. M2_MACandle

Translated from Russian by MetaQuotes Software Corp.
Original code:

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