CandleRange - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Two histograms in one window showing the maximum average price deviation in points from the initial value. The green histogram above is the average difference between the high and opening prices of the price series. The histogram below shows the average difference between the lowest and open prices of the price series. The bright colors in the upper histogram indicate growth in candle highs. A lighter color on the lower histogram means the candlestick low is falling. Darker colors indicate the opposite.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). A detailed description of the class can be found in the article Average price series for intermediate calculations without using additional buffers .

Figure 1. CandleRange indicator

Attachment download

📎 CandleRange.mq5 (16.58 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #18308