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

This QQE indicator acts as a candlestick sequence implementation. Candlestick charts are the result of the QQE algorithm processing related price time series.

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

 Input mode mode=MODE_DIFF; // Algorithm variant

Depending on the value of the Mode input parameter, the indicator uses one of the following three calculation methods:

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

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.

Figure 1. QQE candlestick indicator

Attachment download

📎 smoothalgorithms.mqh (130.19 KB)

📎 qqecandle.mq5 (10.92 KB)

📎 qqecloudx.mq5 (8.95 KB)

Source: MQL5 #12864