FineTuningMACandle indicator with two colored channels based on standard deviations from High and Low of the indicator candles. For a normal display of the indicator, check the "Chart on foreground" checkbox in the chart properties.
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//| INDICATOR INPUT PARAMETERS |
//+----------------------------------------------+
input uint FTMA=10;
input double rank1=2;
input double rank2=2;
input double rank3=2;
input double Shift1=1;
input double Shift2=1;
input double Shift3=1;
input int PriceShift=0; // vertical shift of the indicator in points
input uint Gap=10; //unconsidered gap in points
input uint BBLength=10; // Bollinger period
input double BandsDeviation=1.0; // deviation
The indicator uses the classes of library SmoothAlgorithms.mqh (to be copied to the <terminal_data_directory>\MQL5\Include folder). The use of the classes was described in detail in article Averaging Price Series for Intermediate Calculations without Using Additional Buffers.
Fig1. FineTuningMACandle_Chl indicator