VKW_Bands_Modify_Candle - MetaTrader 5 Script - MT4/MT5 Resources

This VKW_Bands_Modify indicator is implemented as a candlestick sequence. Candlesticks appear as a result of processing the relevant price time series by the VKW_Bands_Modify indicator algorithm.

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

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

Figure 1. VKW_Bands_Modify_Candle indicator

Attachment download

📎 metro.mq5 (9.69 KB)

📎 vkw_bands_modify_candle.mq5 (12.18 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #14429