Open_Oscillator_Cloud - MetaTrader 5 Script - MT4/MT5 Resources
The Open Oscillator indicator has the form of a colored cloud with the ability to change the smoothing algorithm and show the direction of the trend through color.
This indicator uses the classes of SmoothAlgorithms.mqh, ibrary. How to use this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .
Figure 1. DEMA_Range_Channel_Alert indicator
Attachment download
📎 SmoothAlgorithms.mqh (130.2 KB)
📎 Open_Oscillator_Cloud.mq5 (17.79 KB)
Source: MQL5 #21592
Open_Oscillator_Cloud - MetaTrader 5 script usage and filtering suggestions
Open_Oscillator_Cloud - 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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