Sea Candles MT4

Indicators
Andrei Salanevich
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:

more...

With this trading tool, you can scan 15 markets simultaneously . Introducing, new trading indicator 2024 : ️ Dashboard Multi Currency Multi Time Frame Stochastic. There are at least two reasons why I created this trading tool : First , I'm bored of only observing one market. Second , I don't want to lose the entry moment in another market. That's why I want to know other market conditions at the same time. For this reason, I need a scanner that can scan the conditions of several market

67 USD

Heiken ashi Smoothing in separate window MTF The color of the Heiken-Ashi candles depend on their shadows. The advantage of the Heiken-Ashi chart is that the trend is determined very simply, the upward-facing sails are blue, and the downward-tendency sails are red. For profitable trading it is necessary to use it with the standard candles (make analyzes) and with the other indicators. Indicator Parameters TimeFrame - Graphic time being 0 = Current graph time, 1 = M1, 5 = M5, 15 = M15, 30 = M30