The indicator shows in a separate window, as a histogram, the candlestick sizes by two parameters:
You can also enable smoothing and display the averaged value of candlestick sizes.
The indicator has four input parameters:
Fig.1. Calculating Open/Close without smoothing
Fig.2. Calculating High/Low without smoothing
Fig.3. Calculating Open/Close with smoothing
Fig.4. Calculating High/Low with smoothing
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20920
A colored tick-volume indicator.Wiseman
Wiseman is an indicator basically aimed at showing the candlestick, on which the trend has changed its direction.