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Color Candles Show the Trend Change

The indicator includes two parts.

Part I: Color Candles Show the Major Trend

Color candles is to identify the market state by color candlesticks.

As shown in the screenshots, if the color is Aqua, the market is in a state when you should place long orders or exit short orders. If the color is Tomato, it is the time to place short orders or exit long orders.

If the color is changing, it is better to wait for its completion (until the current bar is closed).

Part II: Draw bands

The inner bands is defined as safe area, and the outer bands is for close orders.

Trading strategy as below:

  • if the color is Aqua, and price is in the inner bands, place a long order, when price cross outer bands, it is time to close order.
  • if the color is Tomato and price is in the inner bands, place a short order, when price cross outer bands, it is time to close order.
Note: only enter market when price in the inner bands. This is very important.


Reference for calling it in EA : https://www.mql5.com/en/blogs/post/730475


Input Parameters

  • ShowColorCandle - true means indicator draw color candle.
  • BullColor -Aqua. you may set a color for bull market.
  • BearColor- Tomato.you may set a color for bear market.
  • AlertColorChange - true means there will be alert when the color change is finished.
  • EmailColorChange - true means there will be email when the color change is finished.
  • ShowBands - true means indicator draw the bands
  • AlertCrossOuterBands - true means there will be alert when price cross the outer bands
  • AlertCrossOuttrBands - true means there will be email when price cross the outer bands.

Please note I do not claim that this is a perfect indicator.

Losses or wins depend on how you use it.

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The Renko (and Mean Renko) Engulfing Bar Indicator is a versatile trading indicator that plots Buy/Sell arrows and gives potential trade ideas including buy entry and stop loss levels. The indicator is designed to work on offline renko charts as well as Mean or Median Renko charts. It is recommended to use this indicator on a minimum of 20Pips fixed renko box or more. The indicator does not repaint. It prints the arrows after the bar close. The indicator's buy/sell arrows can be a powerful way t
65 USD
Bollinger Trend
Bollinger Trend
Roman Yablonskiy
This indicator displays entry points to the market using Bollinger tapes and exit points, which are determined by the specified distance in points from the entry point. If indicator line is above the price - it is "sell" zone for traders, and if indicator line is lower than the price - it is bullish trend. The information panel shows the results of the indicator so that you can configure it more precisely and see how the parameters affect the result. Alert about the points of entry and exit come
80 USD
Scalp Xpression
Scalp Xpression
Andrey Nikolaev
The Scalp Xpression is an indicator that calculates the local extremums and plots pivot points with high probability. The indicator was initially oriented on scalping strategies, but it also perfectly proved itself in medium and long-term trading. The indicator is based on the VSA methodology, the analysis of the behavior of the current trade volume and the price changing rate. There are 4 parameters in the settings: HistBars - the number of bars to display the indicator histogram; Sensitivity -
100 USD
Tigger
Tigger
Dimitar Pavlov
This indicator is very powerful tool on AUD/NZD 1 minute chart, however it works on any symbol and any timeframe. The indicator does not repaint or redraw. The signal always come as soon as candle open. Personally I tested it on Metaquotes demo account on AUD/NZD 1 minute chart for 6 months and it has 68% success rate based on 2409 signals from the indicator for this 6 month period. On AUD/NZD 5 minute chart has 69% success rate too, based again on 6 months test and 717 signals from the indicato
2 000 USD
PipTick Effort Index MT4
PipTick Effort Index MT4
Michal Jurnik
PipTick Effort Index indicator is based on the work of Karthik Marar, volume spread analysis trader. It compares the change in price (Result) to the size of volume (Effort) for a certain period of time. By comparing the effort and result we can get more information about the future price movement. Both values are normalized and converted to scale of 0-100% based on a selectable look back period. The law of effort and result The law of effort vs. result states that the change in price of a tradin
67 USD
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Currency Relative Strength
Currency Relative Strength
Ziheng Zhuang
This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak.  This indicator needs the data of all 28 paris and 9 timeframes. Use the EA Downloadhistory28&9 to download data automatically. --> https://www.mql5.com/en/blogs/post/728216 Reference for calling it in EA :  https://www.mql5.com/en/blogs/post/730961 Inputs  (full scre
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Pair Power Matrix
Pair Power Matrix
Ziheng Zhuang
This indicator is designed to show the pair power of the major 28 paris with RSI,Stochostic,and CCI. The power value is sorted from the weak to the strong. Users can add another symbol, so it can calculate 28+1 symbols. My advice: https://www.mql5.com/en/blogs/post/729880 A free EA with Pair Power Matrix  ---  https://www.mql5.com/en/blogs/post/732894 Inputs: Forex Suffix -- the suffix of the major 28 forex symbols Additional Symbol Settings Additional Symbol(without suffix)  -- set the add
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Color Candles Identify the Major Trend
Color Candles Identify the Major Trend
Ziheng Zhuang
The indicator includes two parts. Part I: Color Candles Show the Major Trend Color candles is to identify the market state by color candlesticks. As shown in the screenshots, if the color is Aqua, the market is in a state when you should place long orders or exit short orders. If the color is Tomato, it is the time to place short orders or exit long orders. If the color is changing, it is better to wait for its completion (until the current bar is closed). Part II: Draw bands The inner bands is
50 USD
Gamma Bands MT5
Gamma Bands MT5
Ziheng Zhuang
Gamma Bands   This indcator shows the trend with the color histogram. It is simple and easy to use. Usage: If the histogram changed from the aqua to the fuchsia, which means the trend is up. If the histogram changed from the fuchsia to the aqua,which means the trend is down. Inputs: MaPeriods: the periods of moving average. f1: the multiplier of inner bands f2: the multiplier of outer bands
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Quick Panel Pro Netting
Quick Panel Pro Netting
Ziheng Zhuang
Note: This EA only works on Netting account. The MetaTrader 4 version Quick Panel Pro This Expert Advisor is a professional trading tool, which integrates a flexible risk control and one group of trading panel. Features Calculating lots is easy and fast ,when you move the StopLine, the calculation is processed at the same time. Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. EA can run on visual ch
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Gamma Bands
Gamma Bands
Ziheng Zhuang
This indcator shows the trend with the color histogram. It is simple and easy to use. Usage: If the histogram changed from the aqua to the fuchsia, which means the trend is up. If the histogram changed from the fuchsia to the aqua,which means the trend is down. Inputs: MaPeriods: the periods of moving average. f1: the multiplier of inner bands f2: the multiplier of outer bands
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Slippage Monitor
Slippage Monitor
Ziheng Zhuang
This EA is designed to monitor the slippage of opening and closing orders, and save the records in files. It is useful to record the slippage and evaluate brokers. The record files are saved in the folder  MT4_Data_Folder\MQL4\Files.  Go to "File " --> "Open Data Folder" . Warning : Do NOT open the files directly, otherwise it will affect the exectution of EA, just copy them to another folder and open them. Usage: Open a chart and load the EA on it, just need only one EA to run, it monitors al
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Quick Panel Pro
Quick Panel Pro
Ziheng Zhuang
This Expert Advisor is a professional trading tool, which integrates a flexible risk control and six groups of trading panels. Features Calculating lots is easy and fast: move the StopLine, the calculation is processed immediately Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. The EA can run on the strategy tester, use this feature to do training or review your strategy.(It is free,try it). Panel The
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Beta Bands
Beta Bands
Ziheng Zhuang
This indicator shows main trend, entry zone and exit zone. This is a muti-timeframe indicator, so it is always repainting in the current period of the higher timeframe. Basic Principle Combines the algorithm of MACD and ATR to determine the trend direction and range. Features Colorful Histogram: it indicates the main trend, the tomato means the market is bearish,and the sky blue means the market is bullish. Inner Blue Bands: it is entry zone for entry market, the market is relatively safe fo
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OrderManager Pro
OrderManager Pro
Ziheng Zhuang
This Expert Advisor is designed to manage orders. It offers the following functions: Set a stop loss for an order having none. Set a take profit for an order having none. Close the last order if the total orders of a symbol are over the setting. Close the order if its lots are over the setting. Close the order if its profit in pips is over the setting. Close the order if its loss in pips is over the setting. Close the order if its profit in amount is over the setting. Close the order if its loss
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Quick Panel Pro Hedging
Quick Panel Pro Hedging
Ziheng Zhuang
Note: This EA only works on Hedging account. The MetaTrader 4 version Quick Panel Pro This Expert Advisor is a professional trading tool, which integrates a flexible risk control and 6 groups of trading panel. Features Calculating lots is easy and fast, when you move the StopLine, the calculation is processed at the same time. Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. EA can run on visual char
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Quick Panel
Quick Panel
Ziheng Zhuang
This panel is an Expert Advisor, which provides six groups of trading panel. Features Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. The EA can run on visual chart on the strategy tester, which provides an easy method to practice trading on history data. (It is free for just testing on the strategy tester,you can use this feature to do training or review your strategy --- IT IS FREE) Panel The pa
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Quick Panel Hedging
Quick Panel Hedging
Ziheng Zhuang
Note: This EA only works on Hedging account. The MetaTrader 4 version Quick Panel This Panel is an Expert Advisor, which provides six groups of trading panel. Features Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. Panel The panel includes two columns. The left column is about sell and the right is about buy. sell: open a sell order. first: close the first sell order. The first refers to Open Ti
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Account Summary MT5
Account Summary MT5
Ziheng Zhuang
This is a MetaTrader 5 script. It helps to summarize all trades into every symbol. Input Select Period: This is 7-option input. It includes Last Month, This Month, Last Week, This Week, Today, All History, and Date Specified. Specify Starting Date: Enter a date if you selected Date Specified in "Select Period" input. Specify Ending Date: Enter a date if you selected Date Specified in "Select Period" input. The summary is saved into a file in MQL5\Files folder.
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Account Summary
Account Summary
Ziheng Zhuang
This is a MetaTrader 4 script. It helps to summarize all trades into every symbol. Input Select Period: This is 7-option input. It includes Last Month, This Month, Last Week, This Week, Today, All History, and Date Specified. Specify Starting Date: Enter a date if you selected Date Specified in "Select Period" input. Specify Ending Date: Enter a date if you selected Date Specified in "Select Period" input. The summary is saved into a file in MQL4\Files folder. Also, there is pop-up window for
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Account Export
Account Export
Ziheng Zhuang
This is a MetaTrader 4 script. It helps to export all trades into a CSV file as per Symbol and selected periods. Input Select Symbol: This is 2-option input. Select current symbol or all symbols to export its orders. Select Period: This is 7-option input. It includes Last Month, This Month, Last Week, This Week, Today, All History, and Date Specified. Specify Starting Date: Enter a date if you selected Date Specified in "Select Period" input. Specify Ending Date: Enter a date if you selected D
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Cross Trend Line to Trade
Cross Trend Line to Trade
Ziheng Zhuang
This Expert Advisor opens or closes orders when the price is crossing the specified trend line (or horizontal line). For example, you draw a trendline and name it "B1". When the price is crossing the trendline, the EA will open a buy order. The name "B1" is built-in EA, you cannot use other letters. Panel Green: change the panel Violet: change the line type (trend or horizontal) Del: delete lines X: close the panel Built-In Names The built-in names are used to open and close orders. All built-
50 USD
Alpha Bands
Alpha Bands
Ziheng Zhuang
This indicator shows the main trend on the current chart. Features This indicator includes two bands, one is the inner white bands, another is the outer blue bands. If the white dotted line crosses down the white solid line, this means that the trend has changed to be bearish. If the white dotted line crosses up the white solid line, this means that the trend has changed to be bullish. Once the crossing happened, it will not repaint. Settings ShowColorCandle: if 'true', it will show the colo
99 USD
Currency Relative Strength Digit
Currency Relative Strength Digit
Ziheng Zhuang
This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak. Note: This indicator does not show strength lines, it just shows the digital result on chart. Another version with strength lines: Currency Relative Strength Inputs BarsToCalculate - Number of bars to calculate strength. MaPeriodsToSmoothLines - Moving Average periods f
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Multi Pairs Trading
Multi Pairs Trading
Ziheng Zhuang
This Expert Advisor is an One-click trading panel for multi pairs. Click OPEN button to open orders for the selected pairs. Click CLOSE button to close orders for the selected pairs. The lots of order is the number entered by users.The positive number is for buy order and the negative is for sell order. Click  CLOSE  button is to close the whole order ,instead of partial close.Close action has nothing to do with the number of lots. Set the input Magic to 0, the EA will help to close manual order
30 USD
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Version 4.20 2018.08.14
Fix a bug,the price in alert message is not right, now it is corrected.
Version 4.10 2016.10.11
The last verion 4.0 has been slightly repainted.
Also, added some other improvements.
Version 4.0 2016.09.30
A bands is added to the indicator.
Entry market only when the price is in the inner bands, and close order when price cross the outer bands.
The inner bands is defined as safe area.