ColorSchaffTrendCycleCandle - MetaTrader 5 Script - MT4/MT5 Resource

This color Schaff trend cycle serves as an indicator for candlestick sequence implementation. Candlestick charts are the result of correlated price time series processed by the ColorSchaffTrendCycle algorithm.

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

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

Figure 1. ColorSchaffTrendCycleCandle indicator

Attachment download

📎 colorschafftrendcycle.mq5 (12.15 KB)

📎 colorschafftrendcyclecandle.mq5 (9.72 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #13500