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- 2023.11.03 02:54
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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.
It's developed for learning purposes only. I hope It will give you a basic understanding of how multi-colored indicators work.

This is an indicator with a rainbow-like display, both for trend or pullback prediction.

Hidden Engulfing Candlestick Pattern

Multi_BreakEven is a script file that enables setting multiple entry positions to breakeven, either through pips or a target price, once the trade becomes favorable.

This indicator helps user estimate the potential price movement for the current day, based on 20 days historical data and market trends.