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Published:

13 July 2018, 16:10

DEMA_Range_Channel.mq5 (20.7 KB) view

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A channel formed by two Double Exponential Moving Averages based on averaged High and Low timeseries. Candlesticks beyond the channel are marked with the trend-related color. Candlesticks with the trend are colored brightly, and those against the trend are colored darkly.

Fig 1. Indicator DEMA_Range_Channel

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21364

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DEMA_Range_Channel - indicator for MetaTrader 5