XRSIDeMarker_Histogram - MetaTrader 5 Script - MT4/MT5 Resources

The average non-trivial linear combination of iRSI and iDeMarker is implemented as a color histogram.

Indicator calculation formula:

The growth of financial assets is usually accompanied by the growth of indicators and the green color of the histogram. If the indicator is falling and the histogram is pink, the asset is considered to be falling. The best time to execute a trade is when the histogram bars change color.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). These classes average price series for intermediate calculations without using additional buffers, as detailed in the article.

Figure 1. XRSIDeMarker_Histogram indicator.

Attachment download

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 XRSIDeMarker_Histogram.mq5 (19.11 KB)

Source: MQL5 #20107