Candle Painter

3.67
Candle Painter is a 13 in 1 indicator that paints indicators such as all the oscillators, right on top of your chart candles.

You can choose from a long list of indicators and follow the trend of the colored candles, or get warned by the overbought/oversold color on the candles.

Uptrend and downtrend levels can be set for the oscillators.

Oscillators with main and signal lines, such as MACD, Stochastic and RVI, also have the option to follow trend by crossings.

Overbought and oversold levels can also be drawn on top of the candles or be turned off.

You can choose from a variety of indicators, such as:

  • RSI
  • CCI
  • MACD Histogram Level
  • MACD Main vs Signal line
  • OsMA
  • Stochastic Level
  • Stochastic Main vs Signal line
  • Williams' Percentage Range
  • Momentum
  • DeMarker
  • Force Index
  • 2MAs
  • RVI


How to Use

  1. At first, select the indicator you want to use.
  2. Set the parameters of the indicator you have selected.
    Example: Select RSI and set the parameters RSI Period and RSI Price as you wish.
  3. Go down to Trend Settings and fill in Uptrend and Downtrend.
    Example: The middle line from RSI is at value 50.
    If you want to paint the candles above 50 as Uptrend you fill in 50, if you want to start painting from 55 you fill in 55.
    Remember that different indicators have different middle lines, for instance, the MACD middle line is at 0.
  4. Fill in the OBOS (Overbought & Oversold) settings. You can choose if you want to paint the OBOS candles on top of the trend candles by setting PaintOBOS true or false. Set the Overbought and Oversold parameters just like at step 3 but now fill in the OBOS values.
    Example: The Overbought value of RSI is usually 70 and the Oversold value is 30.
  5. Set the Candle settings parameters for the Body and the Wick, you can leave the wick to 1, the Body depends on the zoom of your chart (I am looking for a way to automate this).
  6. Go to the Colors tab and choose the colors as you like.


Attention

If you select MACD/RVI/Stochastic Main vs Signal line, the candles will be painted according to the Main vs Signal lines.

Example: If the Main line is above the signal line, UpTrend candles will be drawn on top of your chart candles and vice versa.

If you have any questions or new ideas for this indicator, do not hesitate to ask/tell me.

Thank you for your interest,

Ben Nicola

Reviews 3
intan08
1388
intan08 2020.09.15 14:19 
 

Priceless tool!

fabbry72
1389
fabbry72 2016.06.22 12:38 
 

Excellent indicator to implement their own strategies

Only waiting that Ben updates indicator with suggestions I gave him long time ago.

Come on Ben :-)

UPDATE

Great job with the 1.2 very important option to set own strategy select more indicators, also including the signal alignment % to trigger.

Ben is always ready to accept suggestions and new ideas to implement indicator to make it even more powerful.

For those working with the trend is a must have !!!!!!

Great job.

I confirm 5 stars and more if could be possible :-)

Fab.

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LIMITED TIME SALE - 30% OFF! WAS $50 - NOW JUST $35! Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a po
Advanced Dashboard for Currency Strength and Speed
Bernhard Schweigert
4.8 (103)
Indicators
Trading Special – 40% OFF Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs plus one. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market plus Gold or 1 indices. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch
Breakout and Retest Scanner MT4
Elif Kaya
4.61 (56)
Indicators
- Real price is 80$ - 40% Discount (It is 49$ now) Contact me for instruction, add group and any questions! - Non-repaint - I just sell my products in Elif Kaya profile, any other websites are stolen old versions, So no any new updates or support. - Lifetime update free Related product:   Bitcoin Expert Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is designed to help tr
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duanereed
24
duanereed 2021.01.29 17:10 
 

this product has alot of bugs. if you change anything everything stops working. now all my candles dont work

intan08
1388
intan08 2020.09.15 14:19 
 

Priceless tool!

fabbry72
1389
fabbry72 2016.06.22 12:38 
 

Excellent indicator to implement their own strategies

Only waiting that Ben updates indicator with suggestions I gave him long time ago.

Come on Ben :-)

UPDATE

Great job with the 1.2 very important option to set own strategy select more indicators, also including the signal alignment % to trigger.

Ben is always ready to accept suggestions and new ideas to implement indicator to make it even more powerful.

For those working with the trend is a must have !!!!!!

Great job.

I confirm 5 stars and more if could be possible :-)

Fab.

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