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Indicators

AMA STL Color MetaTrader 5 - indicator for MetaTrader 5

Published by:
LeonLexx
Views:
4983
Rating:
votes: 20
Published:
2017.08.10 09:54

The indicator is displayed on a chart as a two-color line.

  • If the current indicator value is lower than its previous value, the indicator line is red.
  • If the current indicator value is higher than its previous value, the indicator line is blue.

Also the indicator includes a filter allowing to smooth the market noise.


Input Parameters

  • Range – period.
  • Fast Period – fast EMA period.
  • Slow Period – slow EMA period.
  • Count Bars – the number of bars on which the indicator is displayed.
  • Filter – the filter allowing to smooth market noise.

This is the MetaTrader 5 version of the indicator (the MetaTrader 4 version is available at this link).

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/18317

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