Bear_Bulls_Power_Period_Candle - MetaTrader 5 script
Synthetic Japanese candlesticks for the time period defined in the indicator settings, the Bear_Bulls_Power_Candle indicator candlesticks are calculated for each bar.
Rising candlesticks are colored green, while falling candlesticks are colored red. A growing candlestick, whose closing price has increased compared to the previous candlestick, is bright. The color of falling closing prices is pale. Candlesticks with falling closing prices appear bright red, while candlesticks with rising closing prices appear light red.
The indicator uses the SmoothAlgorithms.mqh library class. The article details a collaboration with them to average price series for intermediate calculations without using additional buffers .
Figure 1. Bear_Bulls_Power_Period_Candle
Attachment download
📎 Bear_Bulls_Power_Period_Candle.mq5 (21.25 KB)
📎 SmoothAlgorithms.mqh (130.2 KB)
Source: MQL5 #21195
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