Are you looking to enhance your trading strategy? Let’s dive into the Color QEMA Envelopes indicator for MetaTrader 5. This tool is designed to help you identify trend directions while displaying the latest values of channel borders, making it a powerful addition to your trading arsenal.
To get started, you'll need to use the SmoothAlgorithms.mqh library classes. Make sure to copy this file to your <terminal_data_folder>\MQL5\Include directory. For a deeper understanding of how these classes work, check out the article Averaging Price Series for Intermediate Calculations Without Using Additional Buffers.
Fig. 1. Indicator Color QEMA Envelopes
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