MetaTrader 5
Experts
Indicators
Scripts
Libraries
StorageJoin our fan page
- Views:
- 3857
- Rating:
- Published:
- Updated:
-
You are missing trading opportunities:- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration Log inYou agree to website policy and terms of use
If you do not have an account, please register -
Need a robot or indicator based on this code? Order it on Freelance
Go to Freelance
The indicator implements a breakout system using a channel based on the High and Low price series processed by the algorithm of JFatl_Digit.
When price exits the gray channel, the bar color changes to the color corresponding to trend direction. Blue for the growth of a financial asset, red color - fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.
The price labels indicate the most recent values of the channel, used as the breakout levels.
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 JFatl_Digit_System indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/15878
Volume_Weighted_MACandle
The Volume_Weighted_MA indicator implemented as a sequence of candlesticks.
Fisher_org_v1_Sign
Semaphore arrow signal indicator based on the Fisher_org_v1 oscillator leaving the overbought and oversold areas.
Volume_Weighted_MA_Digit_System
The indicator implements a breakout system using a channel based on the High and Low price series processed by the algorithm of Volume_Weighted_MA_Digit.
Fisher_org_v1_Sign_Alert
Semaphore arrow signal indicator based on the Fisher_org_v1 oscillator leaving the overbought and oversold areas, which features alerts, sending emails and push-notifications to mobile devices.