BlauErgodic_Signal - MetaTrader 5 Script - MT4/MT5 Resource

The BlauErgodic_Signal indicator displays information about the current trend using the following values. The BlauErgodic_Signal indicator has a fixed time frame.

A histogram or a cloud of the initial indicator can be used as a signal source, depending on the values ​​of the indicator input parameters:

 Input mode method=MODE_CLOUD; // Analysis method

When a signal from the histogram is received, the histogram color is displayed. If the signal is formed by colored clouds, in addition to the color, the behavior of the clouds is also analyzed. If the cloud is compressed and the trend weakens, the indicator will become lighter in color. When the cloud expands and the trend increases, the color becomes brighter. Colored dots appear on the line when the bar of the corresponding time frame changes.

This indicator requires the BlauErgodic.mq5 indicator file. Place it into terminal_folder\MQL5\Indicators.

Figure 1. Indicator BlauErgodic_Signal

Attachment download

📎 blauergodic_signal.mq5 (16.16 KB)

📎 blausmstochastic_signal.mq5 (16.25 KB)

📎 smoothalgorithms.mqh (134.03 KB)

Source: MQL5 #2201