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

Indicator used to determine when pending orders should be placed. Thick pink and light green lines define the boundaries of the channels. At that time, when the Blue Express Metro indicator crosses 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 compiled indicator file METRO.ex5. Place it in <terminal data folder>\MQL5\Indicators.

Figure 1. VKW_Bands_Modify indicator

Attachment download

📎 metro.mq5 (9.69 KB)

📎 vkw_bands_modify_candle.mq5 (12.16 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #14427