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Candle Colors

The Color Candles Indicator uses custom colors to highlight candles that follow the main market trend, based on the Moving Average. This simplifies the analysis of price movements, making it clearer and more direct.
  • When the price is above the rising Moving Average, candles are highlighted indicating a BUY opportunity.
  • When the price is below the declining Moving Average, candles are highlighted indicating a SELL opportunity.


Input Parameters:

  • Period
  • Method
  • Applied Price


    The moving averages were included in the chart only to illustrate the calculation of the indicator and suggest their use together.



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    El indicador de detección de tendencias complementará cualquier estrategia y también se puede utilizar como una herramienta independiente. Ventajas Fácil de usar, no sobrecarga el gráfico con información innecesaria; Puede usarse como filtro para cualquier estrategia; Tiene niveles integrados de soporte y resistencia dinámicos, que se pueden usar tanto para obtener ganancias como para establecer límites de pérdidas; El indicador no cambia de color después de que se cierra la vela;  Funciona
    ** All Symbols x All Timeframes scan just by pressing scanner button ** ***Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. After 17 years of experience in the markets and programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Interestingly,
    El indicador de reversión de ADR le muestra de un vistazo dónde se cotiza actualmente el precio en relación con su rango diario promedio normal. Recibirá alertas instantáneas a través de una ventana emergente, correo electrónico o push cuando el precio exceda su rango promedio y los niveles por encima de su elección para que pueda saltar rápidamente a retrocesos y reversiones. El indicador dibuja líneas horizontales en el gráfico en los extremos del rango promedio diario y también extensiones p
    Otros productos de este autor
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    4 (1)
    The RenkoChart tool presents an innovative and highly flexible approach to visualizing market data in MetaTrader 5. This expert creates a custom symbol with Renko bricks directly on the chart, displaying accurate prices at the respective opening date/time for each brick. This feature makes it possible to apply any indicator to the Renko chart. Furthermore, this tool also allows access to historical brick data through native methods in the MQL5 programming language, such as iOpen, iHigh, iLow and
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    Paulo Henrique Da Silva
    This indicator draws the Donchian Channel, filling the background with colors. The color of the middle line is changed following the current trend, based on the standard interpretation of the Donchian Channel. Input Parameters: Period of the Channel   (default is 20) Validate Signals   (boolean value to filter out false breakouts, default is false) Background Settings Show Background   (default is true) U ptrend Color (default is DodgerBlue ) Downtrend Color (default is Orchid) Background Tr
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    Paulo Henrique Da Silva
    5 (1)
    This indicator draws the Parabolic SAR. Top and bottom lines with customizable colors. With an additional parameter called “Validate Signals”, which identifies false breakouts and changes the color of the line to gray. Input Parameters: Step ( default is 0.02 ) Maximum   ( default is 0.2 ) Applied Price High  ( default is High price) Applied Price Low  (default is Low price) Validate Signals   (boolean value to filter out false breakouts, default is true)
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    Timeframe On Chart
    Paulo Henrique Da Silva
    A simple indicator/tool to display the current timeframe in the center of the chart. The object is automatically moved to the center of the chart whenever the chart size is changed by the user. Input  Parameters : Font (default is Arial Black) Font Size (default is 50) Font Color (default is Silver, for light theme graphics, change to black or another dark color) Font Transparency (default is 90%)
    FREE
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    Bianca Dantas
    24
    Bianca Dantas 2023.02.14 19:18 
     

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