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\MQL5\Include\

SmoothAlgorithms.mqh (130.2 KB) view

Trading_Channel_Index.mq5 (19.2 KB) view

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The Trading Channel Index oscillator displayed as a color histogram.

The indicator uses the SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The detailed description of the classes is available in the article Averaging Price Series for Intermediate Calculations Without Using Additional Buffers.

Fig. 1. The Trading_Channel_Index indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21675

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Trading_Channel_Index - indicator for MetaTrader 5