ColorBears – indicator MetaTrader 5

Figure 1. The ColorBears indicator
A usual Bears Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram. Additionally, smoothing of the resulting indicator is performed. 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 … Read more