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You liked the script? Try it in the MetaTrader 5 terminal
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- 2016.04.26 16:17
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Author: Maloma
This indicator shows the trend from the smaller timeframes up to H4.
This indicator shows the trend from the smaller timeframes up to H4.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7360

Have you perhaps heard about the caterpillar? Here it is.... I do not remember where I got the code, I simply translated it from С++ to MQL4.

Library functions, get the HIGH LOW for the specified time interval

The indicator of the first price change derivative or simply trend speed and sign.

My version of plotting the DeMark lines, also draws channels in addition to the trend lines and targets. Added one more target (the third one defined as 1.62 of the inner extremum), added the signal cancellation when closing within the channel.