CaudateXPeriodCandleRange - MetaTrader 5 Script - MT4/MT5 Resource
Indicator Tail X Period Candle Drawn Candlestick size in points.
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. Indicator CaudateXPeriodCandleRange
Attachment download
📎 CaudateXPeriodCandleRange.mq5 (22.06 KB)
📎 SmoothAlgorithms.mqh (130.2 KB)
Source: MQL5 #21084
CaudateXPeriodCandleRange - MetaTrader 5 script usage and filtering suggestions
CaudateXPeriodCandleRange - 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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