MQL5: How to Write an Indicator for MetaTrader 5
Dear friends Forex traders, programmers, hello!
Today's lesson is about developing an indicator. We will learn how to write an indicator for the Metatrader 5 terminal in MQL5, respectively. It will be an oscillator displaying the difference of two moving averages in the form of a color histogram.
The indicator has four adjustable parameters:
MaFastPeriod - The period of fast MA;
MaSlowPeriod - The period of slow MA;
Maethethod - The method applied to the price;
Maappliedprice - Actually - the type of price.
The calculation formula is defined as:
MAOS = MaFast - MaSlow
Let's write our indicator for the MetaTrader 5 terminal.
- Instead of displaying the Moving Average reading difference, display a histogram based on the RSI indicator.
- In lessons 6 and 7, we wrote advisers. Continue? Write an advisor working on this indicator. Let it be a scalper night lamp, i.e. one of the parameters of which will be the operating time.
Previous MQL5 Lessons: