TrendLens Trend Candles Multi Timeframe
- Indicators
- Version: 1.0
TrendLens Lite - Multi-Timeframe Trend Candles for MT5
TrendLens Lite colours your candles by the trend of a higher timeframe, so you always know whether to look for buys, sells or nothing at all. Free, simple, and it never repaints.
What it does
- Trend candles: green = up, red = down, grey = uncertain, based on the timeframe you choose (M1 to D1).
- Grey candles show sideways or weak phases, when it is usually better to wait.
- No-repaint arrows on the first candle after a confirmed trend change.
- One-click panel: choose the trend timeframe and read the status in plain words ("H1 trend: UP since 14:00").
- Clean view: the original candles are hidden, only the trend candles remain.
- Light and dark charts supported, high-resolution screens supported.
How the trend is defined
On the selected timeframe: Up = fast EMA above slow EMA, close above the fast EMA and ADX above the minimum. Down = the opposite. Uncertain = everything else. Sensitivity Low, Normal or High (EMA 34/89, 21/55 or 9/21).
Every candle uses the last closed candle of the higher timeframe, so colours and arrows never change afterwards.
Want more?
The full version, TrendLens, adds the trade plan with stop loss, take profit and lot size for your risk, trend cloud, EMA 200, daily VWAP, Parabolic SAR trailing stop, ADX trend/range phases, pivot points, previous-day levels, market sessions, multi-timeframe dashboard and alerts (popup, push, e-mail). Search "TrendLens" in the MQL5 Market.
Notes
TrendLens Lite is an indicator: it does not open trades. Trading involves risk.
