Directed_Movement_Candle - MetaTrader 5 Script - MT4/MT5 Resource

This directional movement serves as an indicator for the realization of candlestick sequences. Candlestick charts are the result of processing related price time series by the Directed_Movement indicator algorithm.

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

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

The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\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. Directed_Movement_Candle indicator

Attachment download

📎 Directed_Movement.mq5 (8.45 KB)

📎 Directed_Movement_Candle.mq5 (10.33 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #15754