Beginner Indicator in MT5

Converted Beginner indicator to MT5 version today. Actually, I was going to convert another indicator (BB MACD) but, unfortunately, MQL5 doesn’t yet support any easy substitutions for *OnArray() functions of the previous version of the language. The resulting Beginner indicator works fine in MetaTrader 5 — it still just marks the tops and bottoms of the chart and isn’t very good for actual trading signals. But now it has certain improvements compared to MT4 version:

  • Has description
  • Indicator’s short name makes sense
  • Uses one buffer to draw dots instead of two
  • Uses more correct data types
  • The logic behind the indicator is visible from the code
  • You can get the code of MT5 version or read more Beginner about the indicator.

    If you find some bugs in this MT5 indicator or want to make a suggestion regarding its functionality or what should be my next MT4->MT5 conversion, please, use the commentary form below.

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