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Directed_Movement_Candle - indicator for MetaTrader 5
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- 4010
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- Published:
- 2016.07.20 14:33
- Updated:
- 2023.03.29 13:47
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The Directed_Movement indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the Directed_Movement indicator algorithm.
In many situations, such approach may be more informative for the purpose of analysis.
This indicator requires the compiled indicator file Directed_Movement.ex5. Place it in <terminal_data_folder>\MQL5\Indicators.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the 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".
Fig.1. The Directed_Movement_Candle indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/15754
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