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Published:

2016.02.08 15:07

Updated:

2023.03.29 13:45

colorbears.mq5 (8.15 KB) view

colorbearscandle.mq5 (9.94 KB) view

\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

Download as ZIP, How to download code from MetaEditor

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The ColorBears indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the ColorBears indicator algorithm.

In many situations, such approach may be more informative for the purpose of analysis.

Figure 1. The ColorBearsCandle indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14279

ColorBears

A usual Bears Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram.

ColorBulls

A usual Bulls Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram.

ColorBullsCandle

The ColorBulls indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the ColorBulls indicator algorithm.

VolatilityQuality

Unnormalized oscillator used as a trend identifier.

ColorBearsCandle - indicator for MetaTrader 5