Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

DiffMA_Histogram.mq5 (9.21 KB) view

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

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

DiffMA

Two moving averages on the range of one-direction candlesticks

Bears_Bulls_Impuls

An indicator of bull/bear power

Flat_Trend

A market state indicator

Indicator AbsolutelyNoLagLwma_Range_Channel with the timeframe selection option available in the input parameters.

DiffMA_Histogram - indicator for MetaTrader 5