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Published:

2018.03.01 11:26

EMA_Angle.mq5 (4.2 KB) view

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A simple oscillator. Shows the difference between two exponential Moving Averages in the form of a colored histogram drawn in a separate window.

There are three adjustable parameters:

Period EMA - periods of moving averages;
Shift of the second EMA - shift for the second EMA in bars (if 0, the value of 1 is used);
Threshold - the threshold value. If the histogram bar value is greater than the specified value, the bar is green (default). It the bar is less than the threshold, it is shown in red. If it is within +/- Threshold, the bar is yellow.

Fig.1 Default values.

Fig.2 Threshold 50.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19785

Marking of candlesticks larger than the specified size

The indicator marks on a price chart candlesticks, which are larger than the specified size. If the candlestick size exceeds the value specified in the indicator parameters, the indicator can show an alert message.

Advanced Fractals

Unlike the standard Fractals, this indicator allows searching and displaying on a chart fractals with the user defined dimensions.

Custom Daily Candlesticks

The indicator draws daily candlesticks with extended parameters. It only works on the D1 chart timeframe.

Channel based on extreme prices

The indicator draws a channel at candlestick extreme prices.

Simple oscillator showing the difference between two Moving Averages - indicator for MetaTrader 5