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Indicators

Dominant_Color - indicator for MetaTrader 5

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Views:
331
Rating:
votes: 9
Published:
2018.06.06 14:03

This trend oscillator displays the dominant direction of Close prices of candlesticks over the specified period.

It has two parameters:

  • Period - period;
  • Method - calculation method.

Calculation:

DC = MA(Diff)

where

Diff = Close - Open

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20441

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