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, as well as displays a price grid with those rounded values. 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_Grid indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15767
Trading system based on iRSISign indicator signals.ColorJFatl_Cloud_Digit_HTF
The ColorJFatl_Cloud_Digit indicator with the timeframe selection option available in input parameters.