The BlauCMI_Signal indicator shows information on the current trend using the values of the Candle Momentum Index indicator with a fixed timeframe.
The histogram of the initial indicator is the source of the signal:
When receiving signals from the histogram, the histogram color is shown. Colored dots on lines appear when the bar of the corresponding timeframe changes.
The indicator requires BlauCMI.mq5 indicator file. Place it to terminal_folder\MQL5\Indicators.
Figure 1. BlauCMI_Signal
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2224
The indicator draws candlesticks of a larger timeframe as color filled rectangles using DRAW_FILLING buffers. Rectangles are color filled in accordance with the values of the FisherCGOscillator indicator.Spread
Trader's simple assistant. The MQL5 Spread indicator shows the current spread of the currency pair on a chart.