• Overview
  • Reviews (3)
  • Comments (8)
  • What's new

Magic Candles MT5

Magic Candles MT5 is a new 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 MT5 is perfect for trading currencies (including cryptocurrencies) and binary options.

Magic Candles for MetaTrader 4 can be downloaded here: https://www.mql5.com/en/market/product/25921.


Advantages

  • Suitable for scalping and intraday trading.
  • The indicator does not redraw (recalculate), signals are generated strictly on the "Close of the bar".
  • It can be used as a standalone tool or together with other indicators.
  • System of notifications to email and mobile device on new indicator signals.
  • Simple indicator setup, minimum parameters.
  • Works on any financial instruments and markets.


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).
  • 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 3
MATTEW
226
MATTEW 2020.06.11 17:09 
 

good indicater for day trendres

andyfedototov
24
andyfedototov 2018.10.05 22:42 
 

Hi, everybody.Useful product.

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As it name implies, this is an exaustion oscillator. However, you may wonder: what differs you from others oscillators like RSI, Stochastic, CCI etc? The difference is that ours is more powerful and accurate ! Your oscillator filters the nois e made by other oscillators, and shows you only the exact moment to enter the trade. Of course, using it alone, like any other indicator, has its risks. Ideally, reconcile it with technical analysis and/or others indicators. Signals emitter for paid version
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Purpose DG Trend+Signs is an indicator that paints candles with trend colors and clearly shows consolidations, using both DoGMA Trend and DoGMA Channel indicators. It was created to help users in their trades, showing trends, consolidations and marking entry and exit points. The indicator also takes consolidations in consideration to identify breakouts. Key features Designed to be simple to use, with a few parameters Does NOT repaint Does NOT recalculate Signals on entries Works in ALL pairs W
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andyfedototov
24
andyfedototov 2018.10.05 22:42 
 

Hi, everybody.Useful product.

MATTEW
226
MATTEW 2020.06.11 17:09 
 

good indicater for day trendres

fkaiser
87
fkaiser 2020.06.16 09:32 
 

User didn't leave any comment to the rating

Reply to review
Version 10.0 2020.08.09
Update for new builds at the request of the terminal developers: https://www.mql5.com/en/forum/342948