XPeriodCandleRange - MetaTrader 5 Script - MT4/MT5 Resources
The indicator XPerod Candles is drawn with candlestick dimensions in points.
Candlesticks whose body size increases with the trend are drawn in bright colors. Candlesticks whose real body size decreases with the trend are drawn in light colors.
The indicator uses the smoothing algorithm. mqh library course. The article details a collaboration with them to average price series for intermediate calculations without using additional buffers .
Figure 1. Metric XPeriodCandleRange
Attachment download
📎 SmoothAlgorithms.mqh (130.2 KB)
📎 XPeriodCandleRange.mq5 (18.96 KB)
Source: MQL5 #21140
XPeriodCandleRange - MetaTrader 5 script usage and filtering suggestions
XPeriodCandleRange - MetaTrader 5 script is a resource related to Forex indicators. 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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