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Published:

19 September 2016, 12:46

Updated:

29 March 2023, 13:47

ColorSTLM_HISTOGRAM.mq5 (37.83 KB) view

STLMCandle.mq5 (8.48 KB) view

\MQL5\Include\

SmoothAlgorithms.mqh (130.2 KB) view

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The STLM digital filter implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the ColorSTLM_HISTOGRAM indicator algorithm.

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

This indicator requires the the compiled indicator file ColorSTLM_HISTOGRAM.ex5. Place it in <terminal_data_folder>\MQL5\Indicators.

Fig.1. The STLMCandle indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16142

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