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

Real author : Yuri Tokman

The moving average is drawn based on the Danish "Daily Range Forecast" method. In this version of the indicator, the color of the MA depends on its direction. A rising moving average is colored green, a falling moving average is colored pink.

The indicator was first implemented in MQL4 and published in the code base of mql4.com on November 4, 2008.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

Figure 1 XMUV indicator

Attachment download

📎 ColorXMUV.mq5 (14.64 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #18090