The Concept Behind the Indicator
The MA or Price Histogram is a powerful tool for traders using MetaTrader 5. This indicator showcases two Moving Averages (MA), labeled as 'Fast' and 'Slow', right in the main window. With the DRAW_COLOR_HISTOGRAM2 style, you can visualize the relationship between:
- Price <-> Fast MA
- Price <-> Slow MA
- Fast MA <-> Slow MA
If you choose the options for 'Price <-> Fast' or 'Price <-> Slow', you can set the price type in the 'Price:' field. Additionally, you have the flexibility to toggle the informational labels on or off. These labels display the current price of the 'Fast' and 'Slow' indicators, giving you instant insights right on your chart.
Figure 1. MA or Price Histogram
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