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Thrust_Bar.mq5 (17.14 KB) view

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Indicator Thrust Bar displays on the price chart the long "persistent" bars.

The indicator has eight configurable parameters:

ATR period - ATR calculation period (for Indicator mode = ATR)
ATR multiplier/Size candle in points - ATR multiplier (for Indicator mode = ATR), or the candle body size in points (for Indicator mode = Points)
Use long side - show the bullish bars found
Use short side - show the bearish bars found
Use alerts - use alerts
Send mail - send email notifications
Send push-notifications - send push notifications to your mobile device

Calculations for Indicator mode = ATR:
if the candle body size in points exceeds the values of ATR multiplier * ATR(ATR period)/Point,
then the bar found is drawn and a signal pointer is placed.

Calculations for Indicator mode = Points:
if the candle body size in points exceeds the value of Points, then the bar found is drawn and a signal pointer is placed.

Bar color:
green for bullish and red for bearish.
Signal pointer is placed:
on the Low price for a bullish bar and on the High price for the bearish bar

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23532

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Thrust_Bar - indicator for MetaTrader 5