ColorSchaffMomentumTrendCycleCandle - script for MetaTrader 5
This colors the Schaff Momentum Trend Cycle as an indicator of candlestick sequence implementation. Candlestick charts are the result of correlated price time series processed by the ColorSchaffMomentumTrendCycle algorithm.
In many cases, this approach may provide more information for analytical purposes.
This indicator requires compiled indicator file ColorSchaffMomentumTrendCycle.ex5. Place it in <terminal data folder>\MQL5\Indicators.
Figure 1. ColorSchaffMomentumTrendCycleCandle indicator
Attachment download
📎 colorschaffmomentumtrendcycle.mq5 (11.06 KB)
📎 colorschaffmomentumtrendcyclecandle.mq5 (8.75 KB)
Source: MQL5 #13501
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