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- 4658
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- Published:
- 2017.08.10 12:53
- Updated:
- 2023.03.29 13:48
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The indicator implements a breakthrough system using the Color_PEMA_Envelopes_Digit channel.
When price exits the gray channel, the candlestick color changes to the color corresponding to trend direction. Aquamarine is used for the growth of a financial asset, yellow color means fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.
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. Color_PEMA_Envelopes_Digit_System
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/18656
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