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- Published:
- 2011.05.02 19:14
- Updated:
- 2016.11.22 07:32
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An example of indicator, that draws candlesticks for the specified instrument in a separate window.
The color of candlesticks changes randomly every N ticks. The N parameter of indicator is made as external so that you can adjust it manually (the Inputs tab of indicator properties dialog box). Note, that initially there are 8 colors set for the plot1 graphical plotting using the #property compiler directive. Then, in the OnCalculate() function the color is chosen at random from predefined list.
See also The Drawing Styles in MQL5 article.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/349
DRAW_COLOR_BARS
The DRAW_COLOR_BARS style draws bars based on values of four indicator buffers, containing Open, High, Low and Close prices. This is the advanced version of the DRAW_BARS style, that allows you to specify individual color for each bar from predefined color set.
DRAW_COLOR_ZIGZAG
The DRAW_COLOR_ZIGZAG style draws lines of different colors by values of two indicator buffers. This is the color version of the DRAW_ZIGZAG style and allows you to specify individual color for each line from predefined color set.
Kaufman Volatility
Kaufman Volatility indicator according to Perry Kaufman book "Smarter Trading: Improving Performance in Changing Markets".
Kaufman Efficiency Ratio
Kaufman Efficiency Ratio (also called "generalized fractal efficiency") according to Perry Kaufman books "Smarter Trading" and "New Trading Systems & Methods".