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Indicators

4MA Candles - indicator for MetaTrader 5

Published by:
Mladen Rakic
Views:
8451
Rating:
(24)
Published:
2016.10.05 15:58
Updated:
2016.11.22 07:32
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It is simply showing candles based on 4 averages : average of Open, Close, High and Low. 4 basic types of averages included (simply, smoothed, linearly-weightend, exponential).

I recommend some experimenting with calculating periods.

 


Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16506

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