TrendPaint - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
The TrendPaint indicator draws candlesticks according to the direction of the trend. Upward candlesticks in a rising market are drawn in lettuce green, and falling candlesticks in a rising market are drawn in green. Similarly, falling candlesticks in a declining market are shown in red and rising candlesticks in purple. The indicator is based on the analysis of the relative position of two moving averages MA rounded (fast and slow) on four bars.
The indicator was first implemented in MQL4 and published in the code base on February 11, 2010.
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.
Figure 1 TrendPaint
Attachment download
📎 smoothalgorithms.mqh (133.8 KB)
📎 trendpaint.mq5 (12.38 KB)
Source: MQL5 #1210
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