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EMA and SMMA are identical – script MetaTrader 4

EMA and SMMA are identical - script for MetaTrader 4

This topic had been humorously mentioned by Rosh here: The “classic” system based on two MAs. And it surfaced once again here: . I managed to strictly prove the identity of the recurrent formulas of these indicators at a certain ratio of their periods, namely, at EMA_Period = 2 * SMMA_Period – 1. The proof

Identical candles – indicator MetaTrader 4

Identical candles - indicator for MetaTrader 4

This is the semaphore indicator of candles that highlights the candles on the chart, which have same direction like all candles for your chosen timeframes. For example, each of the rising candles (bullish) or each of the descending candles (bearish). All timeframes can be used, just turn on/off for each one. In additional to the

Consecutive Identical Candles – indicator MetaTrader 4

Consecutive Identical Candles - indicator for MetaTrader 4

Consecutive Identical Candles for number of currency pairs. Descritpion: Indicator shows how many consecutive identical candles have appeared on currency pairs. You can change size of the text. Usage: The indicator can help to identify possibility of correction (or reversal) after increased number of identical candles. Do not take the information given by the indicator