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Published:

13 July 2018, 16:00

DiffMA_Histogram.mq5 (9.21 KB) view

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The indicator displays the difference between the DiffMA lines, i.e., two moving averages calculated within the range of one-direction candlesticks.

The calculations doe not require the availability of DiffMA - the indicator calculates it by itself.

It has two configurable parameters:

Calculations:

DMA = (Up - Dn)

where:

UP = SumUp / CountUp

DN = SumDn / CountDn

SumUp = Sum of SMA(Applied price, 1) for all bullish candlesticks within the Period

SumDn = Sum of SMA(Applied price, 1) for all bearish candlesticks within the Period

CountUp - number of bullish candlesticks within the Period

CountDn - number of bearish candlesticks within the Period

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21317

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DiffMA_Histogram - indicator for MetaTrader 5