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Indicators

ColorBullsCandle - indicator for MetaTrader 5

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1021
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votes: 13
Published:
2016.02.08 15:52
Updated:
2016.11.22 07:32
\MQL5\Include\
colorbulls.mq5 (8.14 KB)view

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

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

Figure 1. The ColorBullsCandle indicator

Figure 1. The ColorBullsCandle indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14280

ColorBearsCandle ColorBearsCandle

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

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

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The VolatilityQuality with the timeframe selection option available in the input parameters.