XCCXCandleKeltnerPluse – indicator MetaTrader 5

The XССXCandleKeltner indicator with the breakout indication option. Depending on the value of the indicator’s input parameter:

input ENUM_COLOR_MODE Mode=ENUM_LEVELS; //Breakout indication method

There are two variants of color indication of breakout:

  1. Breakout of overbought/oversold levels;
  2. Breakout of Keltner channel borders.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was described in detail in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

Fig1. The XССXCandleKeltnerPluse indicator

Fig1. The XССXCandleKeltnerPluse indicator


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