The indicator implements a breakout system using the Mikahekin indicator channel.
When price exits the gray channel, the candlestick color changes to the color corresponding to trend direction. Blue for the growth of a financial asset, yellow color for its 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.
Fig. 1. Mikahekin_System
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/18820
The ForceTrend indicator with the timeframe selection option available in input parameters.Exp_ForceTrend
A trading system based on the ForceTrend indicator signals.