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DS 2MV Candles Colors

30 USD

Demo downloaded: 17

Published: 11 October 2025

Current version: 1.0

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DS 2MV Candles Colors

Indicators
Herminio Jesus Da Costa Machado
Herminio Jesus Da Costa Machado
Brazil

373
Version: 1.0
Activations: 5

🟢 DS 2MV Candles Colors

Created by Hermínio Machado © 2025

The DS 2MV Candles Colors indicator visually enhances your chart by coloring candles based on price position relative to two Smoothed Moving Averages (SMMA).
It’s designed to help traders quickly identify the current trend direction and potential neutral zones at a glance.

🧠 How It Works

The indicator plots two Smoothed Moving Averages (SMMA) — one based on the High and another on the Low price.
Candle colors change according to where the closing price stands in relation to these two moving averages:

🟩 Green – Price closed above both moving averages → bullish trend
⬜ White – Price is between the two moving averages → neutral zone
🟥 Red – Price closed below both moving averages → bearish trend

⚙️ Inputs

Period (default: 20) – Fully configurable according to the trader’s preference.
Adjust it to suit your strategy and timeframe.

💡 Features

Clean and visually appealing trend-based candle coloring.
Helps identify transition areas where price consolidates between two averages.
Works on all symbols and timeframes.
Compatible with any chart type and template.
Lightweight, fast, and easy to use.

more...

Screenshot #1 DS 2MV Candles Colors

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