Range_Histogram – indicator for MetaTrader 5

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category:MT5 INDICATORS

The indicator shows in a separate window, as a histogram, the candlestick sizes by two parameters:

  1. Difference between Open and Close;
  2. Difference between High and Low.

You can also enable smoothing and display the averaged value of candlestick sizes.

The indicator has four input parameters:

  • Calculation type - type of calculations:
    • Open/Close - difference between Open and Close;
    • High/Low - difference between High and Low.
  • Smoothing - smoothing switch (Yes/No);
  • Period - averaging period;
  • Method - smoothing method.

Range_Histogram - indicator for MetaTrader 5

Fig.1. Calculating Open/Close without smoothing

Range_Histogram - indicator for MetaTrader 5

Fig.2. Calculating High/Low without smoothing

Range_Histogram - indicator for MetaTrader 5

Fig.3. Calculating Open/Close with smoothing

Range_Histogram - indicator for MetaTrader 5

Fig.4. Calculating High/Low with smoothing

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