Multi colored trend indicator MT5 – indicator MetaTrader 5

Multi colored trend indicator MT5 - indicator for MetaTrader 5
The Multi-Colored Trend Indicator is a simple but effective way to identify trends in the market. In this Indicator I used two moving averages to calculate the trend direction and changed color depending on the trend direction (green for uptrend, red for downtrend). This indicator is easy to use and understand.  It’s developed for learning purposes

Multi time frame example by recursion – indicator MetaTrader 4

Multi time frame example by recursion - indicator for MetaTrader 4
The purpose of this indicator is to demonstrate newbie friendly way a structure of a multi time frame indicator based on recursion. A function which is responsible of the indicator calculation itself can be replaced easily. A functionality which is responsible of downloading of multi time frame data can also be utilized and if modified