Hey there, fellow traders! Today, I want to introduce you to a nifty indicator called CaudateXPeriodCandle. This tool is designed to enhance your trading experience by spotlighting key candlestick formations, specifically the "Hammer" and "Reversed Hammer" types, right on your main chart.
What’s great about this indicator is that it utilizes the SmoothAlgorithms.mqh library classes. To get started with it, simply copy the file to your terminal’s data directory under MQL5\Include. If you're curious about how this all works, check out the detailed guide in the article titled Averaging Price Series for Intermediate Calculations Without Using Additional Buffers.
Fig 1. Indicator CaudateXPeriodCandle_main_Arrow
Fig. 2. Indicators CaudateXPeriodCandle and CaudateXPeriodCandle_main_Arrow
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