Hollow Candles MA

Hollow Candles MA - Professional Trend Indicator for Hollow Candles

Hollow Candles MA is a clean and effective trend-following indicator specially designed for Hollow Candles charts.

It compares the closing price with a fast moving average and clearly displays the current market trend by coloring the candles:

  • DodgerBlue = Bullish trend (Close ≥ Fast MA)
  • Red = Bearish trend (Close ≤ Fast MA)

This indicator helps traders visually identify trend direction with high clarity on Hollow Candles charts, making it easier to follow strong moves and avoid choppy market conditions.

Key Features:

  • Optimized for Hollow Candles chart type
  • Simple and reliable trend detection
  • Clean visual signals using DodgerBlue and Red
  • Very lightweight on system resources
  • Fully customizable

Parameters:

  • Fast MA Period: Period of the moving average (default 14)
  • MA Method: SMA, EMA, SMMA, LWMA
  • MA Applied Price: CLOSE, OPEN, HIGH, LOW, MEDIAN, TYPICAL, WEIGHTED
  • Bullish Color: Default DodgerBlue
  • Bearish Color: Default Red

Perfect for:

  • Day traders and swing traders
  • Trend-following strategies
  • Hollow Candles users
  • Beginners and experienced traders

Color Settings:

• Bullish Candles: DodgerBlue, Black, DodgerBlue

  • First color: Wicks and body border (Bullish)
  • Second color: Body fill for bullish candles
  • Third color: Body fill for bearish candles

• Bearish Candles: Red, Black, Red

  • First color: Wicks and body border (Bearish)
  • Second color: Body fill for bullish candles
  • Third color: Body fill for bearish candles

Hollow Candles MA is a straightforward yet powerful tool that helps you stay on the right side of the market trend.


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