ColorXWPR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Signal lines and the possibility of selecting price time series Larry Williams' percentage ranges were added in this version.
The indicator allows changing the smoothing method:
It should be noted that the Phase type parameters of different smoothing algorithms have completely different meanings. For JMA, it is an external phase variable that varies from -100 to +100. For T3, it is the smoothed ratio multiplied by 100 for better visualization; for VIDYA, it is the CMO oscillation period; for AMA, it is the slow EMA period. In other algorithms, these parameters do not affect smoothing. For AMA the fast EMA period is a fixed value, equal to 2 by default. For AMA, the ratio of raised powers is also equal to 2.
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.
Attachment download
📎 colorxwpr.mq5 (9.88 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #753
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