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- 2018.03.01 10:57
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Real author: Kalenzo
The indicator marks candlesticks with colored arrows if candlesticks of a higher timeframe selected in input parameters are higher or lower than previous candlesticks. It should be noted that the indicator (for obvious reasons) is repainted on the number of candlesticks included in the candlestick of a higher timeframe selected in input parameters.
Fig.1. The InOutBar indicator.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19657

Buy or Sell signals are generated when the price is above iMA (Miving Average, MA) with a very large period. As the number of open positions increases, the distance between trades (during which entry signals are skipped) also increases. The EA trades in the specified time interval.

The AroonOscillator indicator implemented in the form of a color histogram.

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The Internal Bar Strength indicator implemented in the form of a colored histogram.