ColorXMUV – indicator MetaTrader 5

Real author: Yuriy Tokman

The drawing of this Moving Average is based on Demark’s “Daily Range Projections” method. In this version of the indicator, the MA is colored depending on its direction. A growing Moving Average is green, a falling one is pink.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 04.11.2008.

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”.

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Fig.1 The XMUV indicator

Fig.1 The XMUV indicator


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