Candle_Amplitude - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Candle Amplitude Oscillator displays the amplitude of a candle in two modes:
If the selected amplitude of the current candle exceeds the amplitude of the previous candle, the oscillator line is green .
If the selected amplitude of the current candle is lower than the amplitude of the previous candle, the oscillator line is red .
There is also a signal line - the average of the candle amplitudes over the selected time period.
This indicator has two input parameters:
Figure 1. Candlestick Amplitude, High/Low Pattern
Figure 2. Candle Amplitude, Open/Close Pattern
Attachment download
📎 candle_amplitude.mq5 (10.25 KB)
Source: MQL5 #21431
Candle_Amplitude - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Candle_Amplitude - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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