Join our fan page
ColorBearsCandle - indicator for MetaTrader 5
- Views:
- 3193
- Rating:
- Published:
- 2016.02.08 15:07
- Updated:
- 2023.03.29 13:45
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
The ColorBears indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the ColorBears indicator algorithm.
In many situations, such approach may be more informative for the purpose of analysis.
Figure 1. The ColorBearsCandle indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14279
A usual Bears Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram.
ColorBullsA usual Bulls Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram.
The ColorBulls indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the ColorBulls indicator algorithm.
VolatilityQualityUnnormalized oscillator used as a trend identifier.