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ColorBullsCandle - indicator for MetaTrader 5
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- 3577
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- Published:
- 2016.02.08 15:52
- Updated:
- 2023.03.29 13:45
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The ColorBulls indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the ColorBulls indicator algorithm.
In many situations, such approach may be more informative for the purpose of analysis.
Figure 1. The ColorBullsCandle indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14280
The ColorBears indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the ColorBears indicator algorithm.
ColorBearsA usual Bears Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram.
Unnormalized oscillator used as a trend identifier.
VolatilityQuality_HTFThe VolatilityQuality with the timeframe selection option available in the input parameters.