Depending on candlestick direction its body is painted in blue or red, shadows are painted in light blue or pink.
Place JMACandle.mq5 and JMA.mq5 compiled indicator files to the <terminal_data_folder>\MQL5\Indicators\.
Fig.1. The Background_JMACandle_HTF indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14188
The JMA adaptive moving average with additional trend strength indication using colored dots based on the standard deviation algorithm.JMACandle
The JMA indicator implemented as a sequence of candlesticks.