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2016.07.20 14:32

ColorJFatl_Cloud_Digit - indicator for MetaTrader 5

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votes: 15

Hybrid of the FATL (Fast Adaptive Trend Line) digital filter and analog adaptive averaging JMA - the ColorJFatl indicator that fills the chart space with a colored background and displays the most recent value as a price label with the possibility to round the channel levels up to a required number of digits. The number of digits to round is set in the input variable Digit :

input uint Digit=3; //Number of digits to round to

The moving average itself serves as the color separation line.

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".

Fig.1. The ColorJFatl_Cloud_Digit indicator

Fig.1. The ColorJFatl_Cloud_Digit indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

ColorJFatl_Digit_HTF ColorJFatl_Digit_HTF

The ColorJFatl_Digit indicator with the timeframe selection option available in input parameters.

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