ColorXMUV Indicator For MetaTrader5 Platform.
The drawing of this Moving Average is based on Demark’s “Daily Range Projections” method. In this version of the indicator, the MA is colored depending on its direction. A growing Moving Average is green, a falling one is pink.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 04.11.2008.
The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
1. Copy “ColorXMUV.mq5” file to C:/Program Files/MetaTrader5/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “ColorXMUV.mq5” to the
chart of any currency pair.
Click to Download: ColorXMUV
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