i-CAiChannel_System_Digit - MetaTrader 5 Script - MT4/MT5 Resources

Alexander Picciotta

This indicator uses the groundbreaking system i-CAi channel channel.

When price exits the gray channel, the bar color will change to the color corresponding to the direction of the trend. Green represents an increase in financial assets and pink represents a decrease in financial assets. Bright colors indicate that the trend direction is in line with the direction of the candlestick. Dark colors correspond to situations where the candlestick direction is opposite to the trend.

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. i-CAiChannel_System_Digit indicator

Attachment download

📎 i-CAiChannel_System_Digit.mq5 (15.37 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #16014