JMACandle_Chl - indicator for MetaTrader 5
JMACandle indicator with two colored channels based on standard deviations from High and Low of the indicator candles. For a normal display of the indicator, check the "Chart on foreground" checkbox in the chart properties.
//+----------------------------------------------+
//| INDICATOR INPUTS |
//+----------------------------------------------+
input Smooth_Method MA_Method1=MODE_JJMA; //smoothing method
input int Length1=12; //smoothing depth
input int Phase1=15; //smoothing parameter,
//---- for JJMA, changing within -100 ... +100, affects the transient process quality;
//---- For VIDIA this is CMO period, for AMA this is a slow average
input uint Gap=10; //not considered gap in points
input uint BBLength=10; // Bollinger period
input double BandsDeviation=1.0; // deviation
The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Download link :JMACandle_Chl
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