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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Scalper Vault is a professional scalping system which provides you with everything you need for successful scalping. This indicator is a complete trading system which can be used by forex and binary options traders. The recommended time frame is M5. The system provides you with accurate arrow signals in the direction of the trend. It also provides you with top and bottom signals and Gann market levels. The indicator provides all types of alerts including PUSH notifications. PLEASE CONTACT ME AFT
GOLD Impulse with Alert
Bernhard Schweigert
4.67 (12)
Indicators
This indicator is a super combination of our 2 products  Advanced Currency IMPULSE with ALERT  and  Currency Strength Exotics . It works for all time frames and shows graphically impulse of strength or weakness for the 8 main currencies plus one Symbol! This Indicator is specialized to show currency strength acceleration for any symbols like Gold, Exotic Pairs, Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show  true currency strength accelerat
Gold Multi Factor Adaptive Engine
Guang Jun Huang
Indicators
Adopt market correlation and indicator resonance Here are some trading recommendations based on the current market conditions: (1) Note: It doesn't mean you have a perfect deal, but rather helps you avoid bad trades (2) Why traditional indicators are prone to distortion. For example, the 10-day moving average is calculated by calculating the average price of the top 10 candlesticks. Result: I prove I want to rise, and the signal is easily distorted. This indicator adopts a self-proof + corrob
Trend Catcher ind
Ramil Minniakhmetov
5 (11)
Indicators
TREND CATCHER INDICATOR Trend Catcher Indicator analyzes market price movements, using a combination of the author’s proprietary and customized adaptive trend-analysis indicators.  It identifies the true market direction by filtering out short-term noise and focusing on underlying momentum strength, volatility expansion, and price structure behavior.  It also uses a combination of smoothing and trend-filtering customized indicators such as moving averages, RSI, and volatility filters.   Real ope
Day Trader Master
Oleg Rodin
5 (15)
Indicators
Day Trader Master is a complete trading system for traders who prefer intraday trading. The system consists of two indicators. The main indicator is the one which is represented by arrows of two colors for BUY and SELL signals. This is the indicator which you actually pay for. I provide the second indicator to my clients absolutely for free. This second indicator is actually a good trend filter indicator which works with any time frame. THE INDICATORS DO NOT REPAINT AND DO NOT LAG! The system is
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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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