• Overview
  • Reviews (10)
  • Comments (7)
  • What's new

Magic Candles FREE

Magic Candles FREE is a new unique product that allows identifying the current market phase (uptrend, downtrend or flat).

This indicator paints bars in different colors depending on the current state of the market and signals the user about trend changes with alerts.

Magic Candles FREE - is a demo version, which works only on the AUDUSD currency pair.

Unlimited version can be purchased here: https://www.mql5.com/en/market/product/25921

Magic Candles is another product of the Magic series: Magic Arrow, Magic Histogram.


Advantages

  • High accuracy of signals.
  • Suitable for scalping and intraday trading.
  • This indicator never repaints.
  • Simple indicator setup, minimum parameters.


How to use the product

When the last candle's color changes from gray to red, open a sell order (see screenshot #1).

When the candle color changes from gray to green, open a sell order.

When a gray bar appears, close the open orders, as the flat is expected.


Parameters

  • Zone BUY - color of buy candles (green by default).
  • Zone SELL - color of sell candles (red by default).
  • Neutral zone - color of flat (gray by default).
  • Body Width - candle body width when displayed on the chart.
  • Shadow Width - candle wick width when displayed on the chart.
  • Alert - enable/disable Alert. If true - enabled, false - disabled.
  • Email - enable/disable sending e-mails. If true - enabled, false - disabled.
  • Push - enable/disable sending messages to the mobile terminal. If true - enabled, false - disabled.


Developer

Evgeny Belyaev - professional programmer and successful trader.

Reviews 10
sanders sanders
52
sanders sanders 2018.04.24 19:19 
 

Excellent indicator of technical analysis. Profit indicator.

alfredca
24
alfredca 2017.10.28 21:00 
 

The best indicator on this website

sunnychow
8620
sunnychow 2018.11.09 16:58 
 

useful tool

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This is an extended version of Keltner channel. You can use 21 types of Moving Average and 11 methods of calculating the indicator's center line. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Smoothed Moving Average, Hull Moving Average by Alan Hull, Zero-Lag Exponential Moving Average
30 USD
PolarizedFractalEfficiency
Sergio D. Rocha
The Polarized Fractal Efficiency (PFE) was introduced by Hans Hannula in 1994. The indicator was intended to quantify the efficiency of price movement and  how trendy or choppy  the recent past price action has been. This is calculated by contrasting the price traveled in the window of study  against the total accumulation of movements during the same period of time. For example: If in 10 days, an active raised from 50 to 100, by increasing it's value 5 points or dollars each session, the effici
10 USD
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Pavel Nikishov
585
Pavel Nikishov 2017.10.24 18:03 
 

Попробовал поторговать на паре AUD/USD по технологии автора индикатора сегодня, показал небольшой плюс, но при подсчёте за последний месяц в среднем торговля по стратегии автора приносит в день около 250 пипсов убытка только на AUD/USD, не включая спреда. Будьте внимательнее в стратегии и не следуйте слепо стратегии автора. На истину не претендую, можете сами всё проверить.

Спасибо, с уважением к вашему труду

alfredca
24
alfredca 2017.10.28 21:00 
 

The best indicator on this website

aliagibi
34
aliagibi 2017.11.04 17:52 
 

User didn't leave any comment to the rating

Gennadiy Voltornist
12021
Gennadiy Voltornist 2017.11.19 18:20 
 

User didn't leave any comment to the rating

Sergey Zhuravkov
1911
Sergey Zhuravkov 2017.12.08 19:58 
 

Good

sanders sanders
52
sanders sanders 2018.04.24 19:19 
 

Excellent indicator of technical analysis. Profit indicator.

Matthew Todorovski
13246
Matthew Todorovski 2018.06.30 13:34 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

sunnychow
8620
sunnychow 2018.11.09 16:58 
 

useful tool

Tim Eubanks
5542
Tim Eubanks 2018.02.27 19:08 
 

Not so good indicator, do not trust for trading!

Max Ragulan
337
Max Ragulan 2019.08.22 12:28 
 

It did not work for me. Used on AUD/USD

Reply to review
Version 4.0 2019.05.11
Fixed bug
Version 3.0 2019.04.03
Optimized calculations.
Version 2.0 2019.01.25
new version