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- Published:
- 2017.08.10 12:48
- Updated:
- 2023.03.29 13:48
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Envelopes using the Color_QEMA_Digit MA, with an indication of trend direction and display of the last values of channel borders.
The indicator uses the SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The detailed description of the classes is available in the article Averaging Price Series for Intermediate Calculations Without Using Additional Buffers.
Fig. 1. Indicator Color_QEMA_Envelopes_Digit
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/18615

The Expert Advisor searches for N identical candlesticks in a row. It buys on bullish candlesticks and sells on bearish ones. The account type is taken into account, i.e. whether it is netting or hedging.

The Boa_ZigZag zigzag, with values displayed as fractal labels.

Envelopes using the Color_PEMA_Digit MA, with an indication of trend direction and display of the last values of channel borders.

The indicator draws the open level of a candlestick of a higher timeframe specified in the indicator input parameters.