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

Cloud channel based on moving averages and average true range.

Indicator input parameters:

 Enter PriceMode mode=MODE_HIGHLOW; // Price calculation method
//---- moving average parameters
Enter Smooth_Method XMA_Method= Mode_SMA ; // Average method
Input integer X length = 12 ; // smoothing depth
Input integer X phase = 15 ; // Smoothing parameter // For JJMA, it varies in the range -100 ... +100 and affects the quality of the transient process; // For VIDIA it is the CMO period, for AMA it is the slow average period
//----ATR parameters
Enter unit ATR period = 13 ; enter double ATR factor = 1.5 ; enter integer shift = 0 ; // horizontal movement of indicator (in bars)

The indicator uses classes from the SmoothAlgorithms.mqh library. How to use these classes is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .

Figure 1. KC_Cloud indicator

Attachment download

📎 kc_cloud.mq5 (7.57 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #13112