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2016.09.19 12:46
Indicators

STLMCandle - indicator for MetaTrader 5

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\MQL5\Include\
STLMCandle.mq5 (8.48 KB)view

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

Fig.1. The STLMCandle indicator

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

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