ColorXMACCDCandle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This colored XMACD serves as an indicator for candlestick sequence implementation. Candlestick charts are the result of processing the relevant price time series by the ColorXMACD indicator algorithm.
In many cases, this approach may provide more information for analytical purposes.
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. ColorXMACCDandle indicator
Attachment download
📎 ColorXMACDCandle.mq5 (11.37 KB)
📎 SmoothAlgorithms.mqh (130.2 KB)
Source: MQL5 #14914
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