Coral - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The Coral indicator is a colored moving average.

It has two configurable parameters:

Coral = (-0.064) * B6 + 0.672 * B5 - 2.352 * B4 + 2.744 * B3

B6 = coefficient * B5 + coeff2 * PrevB6
B5 = coefficient * B4 + coeff2 * PrevB5
B4 = coefficient * B3 + coeff2 * PrevB4
B3 = coefficient * B2 + coeff2 * PrevB3
B2 = coefficient * B1 + coeff2 * PrevB2
B1 = coefficient * application price + coeff2 * PrevB1

coeff2 = 1.0 - coefficient

* The smoothing rate is actually a calculation period. It cannot be less than 0.0086 and cannot exceed 1.0.
The smaller the value, the longer the calculation period. The value 1 corresponds to the moving average calculation period 1.

Attachment download

📎 coral.mq5 (10.67 KB)

Source: MQL5 #22496