If you're looking to enhance your trading efficiency, the ColorPEMA_Digit indicator for MetaTrader 5 is a must-have. This version introduces some nifty optimizations to ensure it runs smoothly without hogging your computer’s resources. Let's dive into how you can make the most of it!
input ENUM_RECOUNT_MODE RecountMode=FULL_RECOUNT; // Method to limit indicator calculationsinputuint CountBars=500; // Number of bars for indicator calculationinputuint ReCountTime=60; // Time in seconds between recalculations
With this indicator, you have three options for limiting calculations, allowing you to tailor it to your trading style:
- Limit the number of bars for indicator calculations.
- Restrict the recalculations of the indicator on the current bar based on time.
- Implement both limitations at once for maximum efficiency.
To make this indicator work seamlessly, you'll need to incorporate the classes from the SmoothAlgorithms.mqh library. Just copy that to your <terminal_data_folder>\MQL5\Include directory. If you need guidance on using these classes, check out this detailed article: Averaging Price Series for Intermediate Calculations without Using Additional Buffers.
Fig. 1. Indicator ColorPEMA_Digit_r
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