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candlestop.mq5 (6.5 KB) view

candlestop_htf.mq5 (13.06 KB) view

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The CandleStop indicator with the timeframe selection option available in input parameters:

input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;  // Indicator chart period (timeframe)

The indicator requires the compiled indicator file CandleStop.mq5 for operation. Place it to terminal_data_folder\MQL5\Indicators\.

Figure 1. Indicator CandleStop_HTF

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2084

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CandleStop_HTF - indicator for MetaTrader 5