New Technical Indicators for MetaTrader 5 - 240

Signals from technical indicators play a crucial role in opening and closing deals on stock and Forex markets. The essence of indicators is a mathematical transformation of a financial symbol price aimed at forecasting future price changes. Test technical indicators to better predict market behavior and profit from it.

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The ColorLine indicator shows the line of the price moving average on the chart. The line has diffrent colors (100 bars have the same color). The color settings of the line is changing every 5 ticks, there are 3 color schemes. Indicator for demonstrating the DRAW_COLOR_LINE style. Draws a line at Close prices in colored pieces of 20 bars. The thickness, style and color of the line sections are changed randomly. The indicator code is published in the MQL5 Documentation in the section Indicator S

FREE

The indicator ColorCandlesDaily draw candles with different colors depending on the day of the week.

FREE

The ColorBars Indicator paints bars with different colors depending on the volume changes. If the volume has increased, the color is green, overwise the color is red.

FREE

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