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Indicators

Multi colored trend indicator MT5 - indicator for MetaTrader 5

Md Sakhawat Hossain
Views:
5886
Rating:
(5)
Published:
2023.11.03 02:54
Download as ZIP, How to download code from MetaEditor
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The Multi-Colored Trend Indicator is a simple but effective way to identify trends in the market. In this Indicator I used two moving averages to calculate the trend direction and changed color depending on the trend direction (green for uptrend, red for downtrend). This indicator is easy to use and understand.

  two color indicator example


It's developed for learning purposes only.  I hope It will give you a basic understanding of how multi-colored indicators work. 


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