Discover expert developed MetaTrader tools that can complement professional solutions.
Real author:
Varus Henschke
Four moving averages based on the averaged values of Open, Low, High and Close of a candlestick chart.
Trade Renko charts automatically using the advanced Renko Expert Advisors. Clean trends, better entries. Discover them here.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the 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".
Originally this indicator has been written in MQL4 and was first published in the Code Base on 05.11.2007.
Figure 1. Indicator SmoothCandleS
Complement community code with advanced automation from RobotFX.
2039
