XRSXCandleKeltnerPluse - MetaTrader 5 Script - MT4/MT5 Resources

This XRSX Candle Keltner indicator comes with breakout indication option. Depends on the values ​​of the indicator input parameters:

 Enter ENUM_COLOR_MODE mode=ENUM_LEVELS; //Breakthrough indication method

There are two variations of color indication for breakouts:

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 detailed in the article.

Figure 1. XRSXCandleKeltnerPluse indicator

Attachment download

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 XRSXCandleKeltnerPluse.mq5 (28.7 KB)

Source: MQL5 #17628