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Rating:
(9)
Published:
2018.07.13 15:51
CMC.mq5 (12.05 KB) view
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Indicator CMC (Clear Method Candles) displays colored candlesticks, based on the existing market trend. It is calculated by the "pure" method (without using any other indicators, only price) and has no configurable parameters. It is based on indicator Clear Method Histogram.

Calculations:

  • If Swing > 0, then candlesticks are blue

  • If Swing < 0, then candlesticks are red

where:

HH = Maximum(High, PrevHH)
LH = Minimum(High, PrevLH)
HL = Maximum(Low, PrevHL)
LL = Minimum(Low, PrevLL)
  • If Swing > 0 and High < HL:

    Swing = -1
    LL = Low
    LH = High
    
  • If Swing < 0 and Low > LH:

    Swing = 1
    HH = High
    HL = Low
    
  • Otherwise, if High < HL:

    Swing = -1
    LL = Low
    LH = High
    
  • Otherwise, if Low > HL:

    Swing = 1
    HH = High
    HL = Low
    

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21274

CMH CMH

Indicator CMH (Clear Method Histogram) displays a color histogram of the current market trend.

VC VC

Indicator VC (Volatility Channel by Larry Williams).

CRF CRF

Indicator CRF (Cumulative Rotation Factor) displays the states of the market: Uptrends/downtrends/consolidation.

JB_Volatility JB_Volatility

JB Volatility - market volatility oscillator marking its state in color.