XRSXCandleKeltnerPluse – indicator for MetaTrader 5
The XRSXCandleKeltner 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:
- Breakout of overbought/oversold levels;
- 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 XRSXCandleKeltnerPluse indicator