Volume_Weighted_MA_Digit_System - indicator for MetaTrader 5
The indicator implements a breakout system using a channel based on high and low price series, which is processed by the algorithm Volume_Weighted_MA_Digit .
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 red 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 price label indicates the latest value of the channel, which is used as a breakout level.
Figure 1. Volume_Weighted_MA_Digit indicator
Attachment download
📎 volume_weighted_ma_digit_system.mq5 (12.97 KB)
Source: MQL5 #15879
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