The WeightOscillator indicator with the timeframe selection option available in input parameters:
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Indicator chart period (timeframe)
The WeightOscillator_HTF repeater indicator requires the compiled custom indicator file WeightOscillator.mq5 in order to compile. Place it in <terminal_data_folder>\MQL5\Indicators.
After compilation, the WeightOscillator_HTF.ex5 indicator file contains the WeightOscillator.ex5 indicator as a resource, and therefore, it is not required to be present in the terminal folder for the compiled indicator to work! For this purpose, the corresponding code has been added to the indicator code in order to include the WeightOscillator indicator in the executable file.
The indicator executable file has been added as resources at the global scope
Changed the string path to the indicator used as resource in the block of the OnInit() function
Thus, the compiled executable file of the repeater indicator can be used on other trade terminals on its own without the original indicator.
Fig1. The WeightOscillator_HTF indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17075
Fractional Bands modifies the price changes using the fractal Brownian motion, which takes into account the fractal dimension.Ilan1.4
Ilan1.4 - Expert Advisor for MetaTrader 5.