ZZ_YZ_MDAC_ELDER 1-1000 - MetaTrader 5 Script - MT4/MT5 Resources
MDAC indicator with bar color, according to Elder.
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 first implemented in MQL4 and published in the code base on February 10, 2008.
ZZ_YZ_MDAC_ELDER 1-1000 indicator
Attachment download
📎 smoothalgorithms.mqh (134.03 KB)
📎zz_yz_mdac_elder_1-1000.mq5 (8.33 KB)
Source: MQL5 #1901
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