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Directed_Movement_Candle - indicator for MetaTrader 5

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votes: 12
2016.07.20 14:33
2016.11.22 07:32

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

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

This indicator requires the compiled indicator file Directed_Movement.ex5. 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. The Directed_Movement_Candle indicator

Fig.1. The Directed_Movement_Candle indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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