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2010.04.12 11:18
Indicators

iMovment - indicator for MetaTrader 5

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The indicator plots the candles with different colors depending on the trend direction and price movement.

The indicator changes its color smoothly if the price retracement from the maximum/minimum by value is less than the value of the Movment parameter.

The value of retracement, equal of greater than Movment parameter, considered as a trend change, the indicator changes its color smoothly until the next retracement will be equal to Movment parameter.

iMovment indicator

Parameters:

  • Movment - Price movement in points, considered as necessary for the change of the trend;
  • UpColor - Color of upward trend candles;
  • UpBackColor - Color of "retracement" candles for the upward trend;
  • DnColor - Color of downward trend candles;
  • DnBackColor - Color of "retracement" candles for the downward trend;
  • Auto5Digits - To multiply the parameter Movment automatically by 10 for the 5- and 3-digit quotes.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/99

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