XPeriodCandle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Synthetic Japanese candlesticks over the time period predefined in the indicator settings, calculated for each bar and averaged over the price time series used in the indicator.
The indicator uses the Smoothing Algorithm .mqh library class (copy it to terminal_data_directory\MQL5\Include) and the article posted details how to use it without using additional buffers for the intermediate calculation of the average price series .
Figure 1. XPeriodCandle indicator
Attachment download
📎 SmoothAlgorithms.mqh (130.2 KB)
📎 XPeriodCandle.mq5 (16.76 KB)
Source: MQL5 #21082
XPeriodCandle - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
XPeriodCandle - 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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