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

The STLM digital filter is implemented as a candlestick sequence. Candlestick charts are the result of processing the relevant price time series by the ColorSTLM_HISTOGRAM indicator algorithm.

In many cases, this approach may provide more information for analytical purposes.

This indicator requires the compiled indicator file ColorSTLM_HISTOGRAM.ex5. Place it in <terminal data folder>\MQL5\Indicators.

Figure 1. STLMCandle indicator

Attachment download

📎ColorSTLM_HISTOGRAM.mq5 (37.83 KB)

📎 STLMCandle.mq5 (8.48 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #16142