RobotFX curates the best open-source MetaTrader code to inspire your trading automation.
The indicator is based on the Elder's Impluse system, it plots candles with different colors, dependent on the OsMa (12,26,9) and Moving Average (EMA 13) indicators:
- If OsMa and EMA grows up, the candle color is green;
- If OsMa and EMA falls down, the candle color is red;
- For all other cases the candle color is grey;
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