Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Indicators

EMAHLC_Envelope_Oscillator - indicator for MetaTrader 5

Views:
4639
Rating:
(12)
Published:
2018.12.28 13:05
Updated:
2019.01.17 11:29
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Indicator EMA HLC Envelope Oscillator is an oscillator displaying as a histogram the breaking through the envelopes of indicator EMA HLC Envelope by the price.

It has one adjustable parameter:

  • Period - calculation period for the envelopes of EMA HLC Envelope

The histogram has positive values, if the Close price breaks through the upper envelope of EMA HLC Envelope, and displays the distance of the Close price from the upper envelope.
The histogram has negative values, if the Close price breaks through the lower envelope of EMA HLC Envelope, and displays the distance of the Close price from the lower envelope.

Fig.1. EMA HLC Envelope Oscillator


Fig. 2. EMA HLC Envelope Oscillator + EMA HLC Envelope

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22722

Fractal_Channel Fractal_Channel

Indicator Fractal Channel

ATR Dual ATR Dual

The indicator displays two indicators ATR with different averaging periods in a single window.

EMAHLC_Envelope EMAHLC_Envelope

Indicator EMA HLC Envelope

CandleColorMidPoint CandleColorMidPoint

Indicator Colored Middle Point of Candles