Fig1. Indicator ColorSTD_Histogram

ColorSTD_Histogram – indicator MetaTrader 5

by

Real author: BECEMAL

The smoothed Simple Trend Detector with the color indication of overbought/oversold level breakouts and of the histogram direction. Depending on the value of the indicator’s input parameter:

input ENUM_COLOR_MODE Mode=ENUM_LEVELS; //Breakout indication method

There are two variants of histogram coloring:

  1. Breakout of overbought/oversold levels;
  2. Change of direction.

For better histogram readability, the indicator is performed in zero relative symmetric form, and its values vary from -50 to +50.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was described in detail in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

  Stochastic_Histogram_HTF - indicator MetaTrader 5

This indicator was first implemented in MQL4 and published in the CodeBase on 26.07.2010.

Fig1. Indicator ColorSTD_Histogram

Fig1. Indicator ColorSTD_Histogram


ColorSTD_Histogram – indicator MetaTrader 5
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