The ColorPEMA_Digit_r indicator is a game changer for traders using MetaTrader 5. This nifty tool allows you to select your preferred timeframe directly in the input parameters, helping to conserve your computer's resources while still giving you the insights you need right on the current bar. Recent updates have introduced new variables to optimize its calculations:
input ENUM_RECOUNT_MODE RecountMode=FULL_RECOUNT; // Method to limit indicator calculationsinputuint CountBars=500; // Number of bars for indicator calculationinputuint ReCountTime=60; // Seconds between indicator recalculations
You have three options to limit how the calculations are done:
- Limit the number of bars on which the indicator is calculated.
- Limit the number of recalculations of the indicator’s value on the current bar by time.
- Combine both limitations for maximum efficiency.
Keep in mind, the ColorPEMA_Digit_r indicator is designed to optimize the use of your computer's resources while generating trading signals, ensuring you get the most bang for your buck!
To get started, make sure to add the ColorPEMA_Digit_r.ex5 file to the <terminal_data_directory>\MQL5\Indicators folder.
Fig. 1. Indicator ColorPEMA_Digit_r_HTF
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