Kijun Sen Candles Two Colors: Also available for MT5
This Indicator draws different colored candles above and below a Kijun Sen (KS) line.
The user is required to ensure that the Kijun Sen period on both the present Indicator and the user provided Kijun Sen match each other exactly.
This indicator has been updated to automatically change the the chart to a Line Chart and set the Line Chart to color None before drawing the the Kijun Sen Candles.
Steps 1 to 7 are therefore no longer necessary.
Kijun Sen Indicator: Predefined Kijun Sen Indicators of periods 21, 34, 50 and 100 are included in a zip file above.
First vertical Line - London Open 08:00 (03:00 ET). Second vertical line - London 13:30 (08:30 ET - US News Release). Session Open V-Line
Candle Accuracy: Although the standard chart price graphic is hidden it is not
disabled and Open, High, Low and Close prices are available in MT4 Data Window
(press Ctrl+D or View → Data Window). Accuracy of the Indicators Open, High, Low
and Close can be checked against Open, High, Low and Close in MT4 Data
Window. When cross-referencing the cursor point must be on the relevant colored candle:
Interpretation of the the Data Windows:
The indicator candle H, L, O and C are listed in Columns R up, R dn, B up and B dn (Red up candle, Red down, Blue uo candle, Blue down candle).
The hidden candle open is less than the close so the candle is a up candle. The indicator Red up candle in column 1 corresponds to the hidden up candle.
All Inputs parameters and options can be changed and will save automatically. If after changing Inputs or Color parameters a Reset is used the Color Candles will display as Bars. To revert to Color Candles switch to a different timeframe and then back.
Input and Parameters
Draws Tenkan and Kijun with Color Fill between 1. Price and Tenkan, 2. Price and Kijun, 3. Tenkan and Kijun and 4. No Fill.Color Fill MA
The indicator draws 2 Moving Averges with different color filling.
Draws different color candles above and below MA lines. Supported MA methods: SMA, EMA, SMMA, WMA & TMA.NewsTradingEA
EA for Trading on News event, will set BUY and SELL Stop (pending order) then will delete one pending order after open BUY/SELL occur (OCO) on specifed date and time.