Fig.1. Calculating Open/Close without smoothing

Range_Histogram – indicator MetaTrader 5

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The indicator shows in a separate window, as a histogram, the candlestick sizes by two parameters:

  1. Difference between Open and Close;
  2. Difference between High and Low.

You can also enable smoothing and display the averaged value of candlestick sizes.

The indicator has four input parameters:

  • Calculation type – type of calculations:
    • Open/Close – difference between Open and Close;
    • High/Low – difference between High and Low.
  • Smoothing – smoothing switch (Yes/No);
  • Period – averaging period;
  • Method – smoothing method.

Fig.1. Calculating Open/Close without smoothing

Fig.1. Calculating Open/Close without smoothing

Fig.2. Calculating High/Low without smoothing

Fig.2. Calculating High/Low without smoothing

Fig.3. Calculating Open/Close with smoothing

Fig.3. Calculating Open/Close with smoothing

Fig.4. Calculating High/Low with smoothing

Fig.4. Calculating High/Low with smoothing


Range_Histogram – indicator MetaTrader 5
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