Market / MetaTrader 4 / Indicators /

Sea Candles MT4

40 USD

Demo downloaded: 5

Published: 24 October 2023

Current version: 1.1

Sea Candles MT4

Indicators
Andrei Salanevich
Andrei Salanevich
Belarus

784
Young developer and trader.

2 codes
Version: 1.1
Activations: 5

The signal trading indicator Sea Candles MT4 determines the direction of price movement using the CCI oscillator, generating signals to open a position.

Commodity Channel Index [CCI] — measures the deviation of the price from its moving average. Divergence appears when the price reaches a new high and the CCI cannot rise above the previous highs. This classic divergence is usually followed by a price correction. CCI usually ranges within ±100. Values above/below ±100 inform about the overbought/oversold state and the probability of a corrective increase.

INFORMATION ABOUT THE INDICATOR

The indicator is presented in the form of candlesticks, which in turn are painted in four colors, depending on the state of the market.

Also, for convenience, all the colors that are present in the indicator are made in the main menu.

The indicator provides notifications in the terminal, phone, mail. Which are triggered depending on the color change.

HOW TO USE THE INDICATOR

Depending on the color of the indicator, we buy or sell. Notifications are provided for all cases.

You can take a closer look at the colors and what they mean in the screenshots.

It is also an indicator on all currency pairs, stocks and cryptocurrencies.

INDICATOR SETTINGS

History - The number of bars to be read

TimeFrame - Which timeframe the indicator will be linked to

CCIPeriod

CCIPrice

Level

SIGNALBAR - On which bar the signal will be

ShowBody - hide/show the candle body

ShowWick - hide/show candle shadow

---------COLOR SETTING---------

TrendUP = clrDeepSkyBlue,

TrendDN = clrDarkSalmon,

FlatUP = clrRoyalBlue,

FlatDN = clrIndianRed;

---------SETTING ALERTS---------

AlertsMessage - Notifications in the terminal

AlertsSound - Soundtrack

AlertsEmail - Email notifications

AlertsMobile - Notifications to your phone

SoundFile = "alert2.wav"; //"news.wav"; //"expert.wav"; // //"stops.wav" // - Sound change

The "TimeFrame" function is the coloring of colors for the selected timeframe in the indicator settings. That is, it will read the color of the bars from the timeframe you selected. If it is not clear, then I also recommend looking at the screenshots for a better perception. According to the standard, there is a "current" parameter, but I recommend putting one timeframe higher than you have in the terminal. This way you will get rid of unnecessary noise.

SCREENSHOTS ARE ATTACHED:

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The Double Stochastic RSI Forex indicator is a modification of the Stochastic oscillator for the MetaTrader 5 platform. INFORMATION ABOUT THE INDICATOR The Double Stochastic forex indicator implements a double Stochastic applied to the RSI, using floating levels instead of fixed ones to assess oversold and overbought. In cases where the RSI period is <=1, you get just a double Stochastic. You can use additional smoothing of the results (the built-in EMA is used for this). The usual set of 22

50 USD

The Psychological Oscillator MT5 Forex indicator is an excellent modification of the classic oscillator that will help you in trading for MetaTrader 5. INFORMATION ABOUT THE INDICATOR The Psychological Oscillator MT5 Forex indicator is presented in the form of a color histogram and has all the qualities of forex oscillators. There are also zones, when and in which zones the market is located. Everything is done simply and as clearly as possible so that all traders can understand it without an

50 USD

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Sea Candles MT4

Andrei Salanevich

INFORMATION ABOUT THE INDICATOR

HOW TO USE THE INDICATOR

INDICATOR SETTINGS

SCREENSHOTS ARE ATTACHED: