Smoothed Candle S - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Four moving averages based on the average of the open, low, high, and closing prices of a candlestick chart.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
The indicator was originally written in MQL4 and first published in the code base on November 5, 2007.
Figure 1. Indicator SmoothCandleS
Attachment download
📎 smoothalgorithms.mqh (134.03 KB)
📎 smoothcandles.mq5 (8.08 KB)
Source: MQL5 #2039
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