Trading_Channel_Index - indicator for MetaTrader 5

The Trading Channel Index oscillator displayed as a color histogram.

The indicator uses the SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The detailed description of the classes is available in the article Averaging Price Series for Intermediate Calculations Without Using Additional Buffers.

Fig. 1. The Trading_Channel_Index indicator