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Colored candles and patterns

Japanese candlestick analysis is one of the most used methods for determining a reversal or continuation of a trend. The Colored candles and patterns indicator can display the names of many famous candlestick patterns on the chart and signal when they appear. In addition, some candles, not being a specific model, have a strong tendency to continue the movement, or its turn. Using this indicator, you can see such candles - they are displayed in different colors. This indicator calculates the parameters of each candle, as well as its volume, and after that it colors the candles depending on its strength and direction. With the default setting, bullish candles are colored green and bearish candles are red. The greater the strength of the bulls or bears, the brighter the color. If desired, colors can be changed. You can enable and disable alarms (Alerts) when finding important candles or patterns.

There is a simpler version of this indicator (Colored candles), but it does not show candlestick patterns and has fewer signaling capabilities.

The indicator can work on any currency pair and timeframe. More accurate signals are generated on large time frames. It can and should be used together with other standard indicators of the Metatrader4 platform.

Parameters

  • History - the number of candles in the story for analysis and coloring;
  • Minimum length candle - the minimum length of the analyzed candle;
  • PeriodADX - period of the ADX indicator;
  • ADX and high-low relation - dependence of the ADX indicator and the minimum candle length;
  • CountCandlesVolume - the number of candles to compare the volume (if 0 is specified, the volume of the candle is not analyzed);
  • StrongSignalAlert - when enabled, alerts will be displayed if the last closed candle is strong (has the color ColorBuy3 or ColorSell3);
  • VeryStrongSignalAlert - when enabled, alerts will be displayed if the last closed candlestick is very strong;
  • EnablePatternVolumes - enable volume analysis when searching for candlestick patterns;
  • CountCandlesLength - the number of candles in the history for the analysis of candlestick patterns;
  • EnablePatternAlert - enable alerts when the candlestick model appears;
  • MinPatternForce - minimum signal strength of the candlestick model for the appearance of an alert (1-3);
  • ColorBuy1 - color of weak bullish candles;
  • ColorBuy2 - color of bullish candles of medium strength;
  • ColorBuy3 - color of strong bullish candles;
  • ColorBuy4 - the color of the strongest bullish candles;
  • ColorSell1 - color of weak bearish candles;
  • ColorSell2 - color of bearish candles of medium strength;
  • ColorSell3 - color of strong bearish candles;
  • ColorSell4 - the color of the strongest bearish candles;
  • CandlesWidth - the color of the candles;
  • PatternNameDistance - the distance between the candle and the name to display the names of patterns on the chart.

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⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long
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FX Volume
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Following the smart money is finally possible! FX Volume is the FIRST and ONLY volume indicator that provides a REAL insight into the market sentiment from a broker's point of view. It provides awesome
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Netsrac ADR Dashboard
Carsten Pflug
The intention of the dashboard is to provide a quick overview of the daily, weekly and monthly range of configured assets. In "single asset mode" the dashboard shows you possible reversal points directly in the chart, thus making statistics directly tradable. If a configured threshold is exceeded, the dashboard can send a screen alert, a notification (to the mobile MT4) or an email.  There are various ways of using this information. One approach is that an asset that has completed nearly 100% of
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Trend Line Map Pro
Sayadi Achraf
⭐️ ⭐️ ⭐️ ⭐️ ⭐️      TREND LINE MAP  ⭐️⭐️⭐️ ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener . It's  working as a scanner for all signals generated by Trend screener ( Trend Line Signals )  . Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screener Indicator. Please make sure that you get Trend Screener Pro before getting Trend Line Map indicator. 3. 
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PipTick Currency Strength Indicator MT4
Michal Jurnik
Knowledge of the strength and weakness of each currency is vital for every forex trader. Our currency strength indicator measures strength of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) by using Relative Strength Index indicator, also known as RSI. PipTick Currency Strength Indicator show you in a simple and quick way, when a currency is oversold, overbought or in "normal area". In this way, you can simply identify, which currency is the strongest and which is the weakest. Th
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Delta Pairs
Anatolii Zainchkovskii
Delta Pairs is an indicator for pair trading, it displays the divergence of two currency pairs. Does not redraw. A useful tool for the analysis of the behavior of two currency pairs relative to each other. Purpose The Delta Pairs indicator is designed for determining the divergences in the movements of two currency pairs. This indicator is displayed as two line charts and the difference (delta) between these charts in the form of a histogram. The Delta Pairs indicator will be useful for those
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The indicator draws lines the the price highs and lows. Break through the high or low usually indicates trend change (or continuation). Once the price moves through a line, and the candlestick closes, the indicator draws an appropriate arrow (also, you can enable alerts). A deal should be conducted in the breakthrough direction immediately or after a slight rollback. It is best to trade following the trend on a larger timeframe. This indicator is easy to use, but nevertheless, there are many tra
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After breaking through the high or low of the trading range, the price often comes back about half the distance. This EA determines a good place to enter the market by trend, it opens a trade after a small rollback towards the trend. The number of candles in a trading range can be adjusted, like many other parameters. The trading range for determining the high and low depends on the current volatility of the market. The EA takes that into account, it can also automatically determine the appropri
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The EA trades based on the levels that have the greatest volume of performed trades. These levels are often the support and resistance for the price. The EA does not simply buy based on the level, but determines how the price bounces off it and with what volume. The sufficient number of parameters allow to configure this EA for virtually any currency pair. The timeframes can also be different, fromM1 (if the account spread is small enough) to H4, but the optimal settings will be very different f
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The trading system is based on crossing 3 signal lines (with different parameters) of the MACD indicator. When all the lines are increasing, a buy order is opened (the opposite - sell order). The CCI indicator is required to avoid buying at the highest price but to but when the price decreases a bit, but there is still an uptrend. Also, the Stochastic and ATR serve as additional filters. The EA s easy to set up, but at the same time it shows good results on the short-term 5-minute timeframe. It
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EMA 8 and 18 Trading System
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This EA implements the EMA 8/18 strategy, which is used by many traders. Brief description of the strategy: The Buy is determined when the EMA 8 indicator crosses the EMA 18 from below, with the price moving more than 50 points from the crossing. The buy position is opened when the price touches the EMA for the first time, after that, as the price rises, the trade is maintained by a trailing stop with a step of 30-35 points. The opposite is for opening a sell position. The parameters of the fast
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Multi Alligator Signals
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It is good to know the presence of a trend on multiple timeframes at once. And even better - on multiple currency pairs at once. This indicator allows to quickly determine the presence of a trend or a flat on 8 timeframes and from 1 to 15 currency pairs at once. Multi Alligator Signals analyzes the signals of the Alligator indicator by Bill Williams on every timeframe (from M1 to W1) and multiple currency pairs (up to 15) simultaneously. If there is a buy signal, a green upward arrow is drawn, i
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At certain times, the market has a very strong volatility on all currency pairs. During that time, some currency pairs move stronger, and some weaker. The Trend Hour EA opens a trade on the most trending currency pair at a certain time. It determines the strength of the trend on multiple currency pairs and multiple timeframes using the Alligator indicator and ADX. Usually, the strongest movements happen on the currency pairs with the dollar in the middle of the US session. It is not necessary to
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Candles and 3MACD
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The trading strategy is based on the intersection of MACD's three signal lines with different parameters. Candlesticks are used for trade confirmation. The system shows better results when combined with the candlestick analysis. The Expert Advisor can analyze candlesticks on any timeframe specified in settings. It is recommended to run the EA on the M5 timeframe or M1 if using accounts with a very low spread. Features Trades fully automatically; Does not require a large initial deposit; Does n
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