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Indicators

DEMA_Range_Channel - indicator for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語

Views:
1091
Rating:
votes: 16
Published:
2018.07.13 16:10

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

Fig 1. Indicator DEMA_Range_Channel

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

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