Candles Smoothed Indicator Trading Signals Module
Info
The Candles Smoothed Indicator Trading Signals Module is a Library for MetaTrader 5 that the signal is formed when a bar is closing. The moment, when a candlestick formed by changes its color, indicates the time for market entry.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Candles Smoothed Indicator Trading Signals Module
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
The signal is formed when a bar is closing.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: mql5 wizard - candlestick patterns class - another powerful library for MetaTrader 5 traders.
The signal is formed when a bar is closing. The moment, when a candlestick formed by changes its color, indicates the time for market entry.Also recommended: Heiken Ashi Smoothed Indicator Trading Signals Module - similar library with strong performance on MetaTrader 5.
Place candles_smoothed.ex5 compiled file to the terminal_data_catalogue\mql5\indicators.Creation of a trading robot based on this trading signals module has nothing special in it. It has been described in details in the article. The general idea of creating a trading signals module has been described in the article.
Default expert advisor's input parameters have been used during the tests shown below. Stop loss and take profit have not been used during the tests.
Fig.1. Deals examples on the chart
Testing results for 2026 at NZDUSD H4:
Fig.2. Test results chart
You may also like: Fibo Candles Indicator-Based Trading Signals Module - excellent alternative for library users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <expert\expert.mqh>
#include <expert\signal\mysignals\candles_smoothedsignal.mqh>
#include <expert\trailing\trailingnone.mqh>
#include <expert\money\moneyfixedlot.mqh>
enum smooth_method
{
mode_sma_, // sma.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.