Cronex_T_DeMarker_GF - MetaTrader 5 Script - MT4/MT5 Resource

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Trend indicator with divergence histogram. At first glance, this indicator may seem difficult to understand, but the difficulty disappears when studying this behavior. Signal recognition is actually quite simple. The indicator displays several lines and a histogram. Signals to enter the market occur at line crossovers. In addition to market entries, this indicator also shows divergence.

The indicator was first implemented in MQL4 and released in the code base on January 19, 2009.

The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

Figure 1 Cronex_T_DeMarker_GF indicator

Attachment download

📎 cronex_t_demarker_gf.mq5 (11.33 KB)

📎 smoothalgorithms.mqh (134.03 KB)

Source: MQL5 #1449