ColorStepXCCX - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Symmetric Normalized Oscillator was inspired by the Trend Labs Ltd website.
The color depends on the current trend direction. Additional trend indicators, such as some type of moving average, must be used to filter the signal.
The smoothing algorithm can be changed in this indicator:
It should be noted that the Phase parameter has completely different meanings for different smoothing algorithms.
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
📎 colorstepxccx.mq5 (10.47 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #610
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