FineTuningMACandle_Chl – indicator MetaTrader 5

FineTuningMACandle 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 INPUT PARAMETERS                  |
//+----------------------------------------------+
input uint   FTMA=10;
input double rank1=2;
input double rank2=2;
input double rank3=2;
input double Shift1=1;
input double Shift2=1;
input double Shift3=1;
input int PriceShift=0; // vertical shift of the indicator in points
input uint Gap=10;                                     //unconsidered gap in points
input uint BBLength=10;                                // Bollinger period                                                   
input double BandsDeviation=1.0;                       // deviation

The indicator uses the classes of library SmoothAlgorithms.mqh (to be copied to the <terminal_data_directory>MQL5Include folder). The use of the classes was described in detail in article Averaging Price Series for Intermediate Calculations without Using Additional Buffers.

Fig1. FineTuningMACandle_Chl indicator