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AverageChangeCandle - MetaTrader 5 Script - MT4/MT5 Resource

author EAcpu | 6 reads | 0 comments |

AverageChangeCandle - indicator for MetaTrader 5

Real author : MT Coder

The AverageChangeCandle indicator is a strength indicator for financial assets that shows price impulses. It gives you an idea of ​​how volatile the market is. This version of the indicator calculates the price impulses of four time series (open, high, low and close) simultaneously and displays them as a candlestick chart.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). These classes perform intermediate calculations on average price series without using additional buffers .

AverageChangeCandle - indicator for MetaTrader 5

Figure 1 Indicator AverageChangeCandle


Attachment download

📎AverageChangeCandle.mq5 (19.78 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #20675

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