Depending on location of TrendlessAG relative to the zero line, the candlestick body is painted in blue or orange, and shadows are painted in light blue or light pink.
This indicator requires the the compiled indicator file TrendlessAG.mq5. Place it to <terminal_data_folder>\MQL5\Indicators\.
Fig. 1. The BackgroundCandle_TrendlessAG_HTF indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/12583
This Expert Advisor is based on signals generated by the Simple Trading System semaphore arrow signal indicator.Ozymandias_StDev
The Ozymandias indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.