The Exp_CandlesticksBW Expert Advisor based on signals of the CandlesticksBW indicator. The signal is formed when a bar is closing if a trend candle appears, and there was no trend candle before or it had the opposite direction.
This Expert Advisor requires the compiled indicator file CandlesticksBW.ex5 in order to run. Place it to <terminal_data_folder>\MQL5\Indicators.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. The instances of history of deals on the chart.
Testing results for 2015 at EURUSD H4:
Fig. 2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16081
The RAVI indicator with the timeframe selection option available in input parameters.i-SpectrAnalysis_OsMA
The indicator is an example of smoothing a time series of the OsMA indicator by filtering harmonics of higher order.