KI_signals – indicator for MetaTrader 5
Real author: Kalenzo
The indicator receives trade signals from the XMACD histogram.
Depending on the value of the input parameter:
Three variants of trading signals are possible:
- change of the histogram direction;
- change of the signal line direction;
- intersection of the histogram and the signal line.
The indicator is presented as colored candlesticks. The color is bright if a candlestick goes in trend direction, and is pale if against the trend.
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. Indicator KI_signals