VKW_Bands_Modify_XRSX - MetaTrader 5 Script - MT4/MT5 Resources

This indicator is used to determine when pending orders should be placed, using the color METRO_XRSX oscillator. The thick blue and red lines define the boundaries of the channel. When the gray fast line of ColorMETRO_XRSX exceeds the boundary of the channel and returns to the inside of the channel, it is the most suitable time to place a pending order.

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.

This indicator requires the ColorMETRO_XRSX.ex5 and XRSX.ex5 indicator files. Place them in terminal_data_folder\MQL5\Indicators.

Figure 1. VKW_Bands_Modify_XRSX indicator

Attachment download

📎 colormetro_xrsx.mq5 (10.18 KB)

📎 vkw_bands_modify_xrsx.mq5 (11.33 KB)

📎 xrsx.mq5 (12.14 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #14543