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Views:: 3867
Rating:: (13)
Published:: 2016.07.20 14:33
Updated:: 2023.03.29 13:47

Directed_Movement.mq5 (8.45 KB) view

Directed_Movement_Candle.mq5 (10.33 KB) view

\MQL5\Include\

SmoothAlgorithms.mqh (130.2 KB) view

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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

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/15754

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