Platinum Candle Indicator

4.67
This indicator shows colored candles when price are strongly distorted in relation to their averages.

A good time for buy can be seen after the closing of a silver candle. The pattern becomes more reliable if the purchase is opened when the price of the candle after the silver candle is above the maximum price of the silver candle.

A good time for sell can be seen after the closing of a pink candle. The pattern becomes more reliable if the sale is opened when the price of the candle after the pink candle is below the minimum price of the pink candle.


Buffers:

You can develop an expert and use the buffer number 5 for buy signal.

You can develop an expert and use the buffer number 6 for sell signal.


QUESTIONS ABOUT THE PURCHASE AND INSTALLATION OF PRODUCTS AT META TRADER

You can also find some instructions on how to buy and install a robot in the Meta Trader store at these links:

https://www.youtube.com/watch?v=M1lD90g9Rjg&list=PLltlMLQ7OLeKI8pl71L4W_WTwQVs3XC7g

https://www.mql5.com/en/articles/498


If you need some support to setup your environment, send an e-mail to  "renanlimamql@gmail.com".


//+------------------------------------------------------------------+

//|                                        PlatinumCandleExample.mq5 |

//+------------------------------------------------------------------+

#property version     "1.00"

#property description "This experts shows how to use Platinum Indicator buffers."

#property description " "

#property description "Esse experts mostra como usar os buffers do Platinum Indicator."

#resource             "\\Indicators\\PlatinumCandleIndicator_v1_2\\PlatinumCandle.ex5"


int                   platinumIndicatorHandler;

double                platinumIndicatorBufferBuy[];

double                platinumIndicatorBufferSell[];


MqlRates              ratesBuffer[];


input int             iptLevel=30; //Minimal value for distortions filter


//+------------------------------------------------------------------+

int OnInit()

  {

   ArraySetAsSeries(platinumIndicatorBufferBuy,true);

   ArraySetAsSeries(platinumIndicatorBufferSell,true);

   ArraySetAsSeries(ratesBuffer,true);


   platinumIndicatorHandler = iCustom(_Symbol,_Period,"\\Indicators\\PlatinumCandleIndicator_v1_2\\PlatinumCandle",iptLevel);

   if(platinumIndicatorHandler==INVALID_HANDLE)

      return INIT_FAILED;


   return(INIT_SUCCEEDED);

  }

//+------------------------------------------------------------------+

void OnTick()

  {

   if(!hasNewBar())

      return;


   if(CopyBuffer(platinumIndicatorHandler,5,0,2,platinumIndicatorBufferBuy)<2)

     {

      Print("Fail copying data for [Platinum Indicator Buy Buffer]");

      return;

     }


   if(CopyBuffer(platinumIndicatorHandler,6,0,2,platinumIndicatorBufferSell)<2)

     {

      Print("Fail copying data for [Platinum Indicator Sell Buffer]");

      return;

     }


   if(CopyRates(_Symbol,_Period,0,2,ratesBuffer)<2)

     {

      Print("Fail copying data for [Rates Buffer]");

      return;

     }


   if(ratesBuffer[1].close==platinumIndicatorBufferBuy[1])

     {

      Print("Add your logic to buy or send alert/notification");

      return;

     }


   if(ratesBuffer[1].close==platinumIndicatorBufferSell[1])

     {

      Print("Add your logic to sell or send alert/notification");

      return;

     }

  }

//+------------------------------------------------------------------+

bool hasNewBar()

  {

   int currentNrOfBars = Bars(_Symbol,_Period);

   if(currentNrOfBars>lastNrOfBars)

     {

      lastNrOfBars=currentNrOfBars;

      return true;

     }

   return false;

  }

//+------------------------------------------------------------------+


Reviews 8
Michael Taganna
28
Michael Taganna 2022.09.28 17:02 

Nice

KATTY2010
196
KATTY2010 2022.07.10 23:11 

muy util

alepozo
44
alepozo 2022.06.15 16:51 

Si funciona perfecto, debe estar acorde a tu estrategia. Gracias.

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Each buyer of this indicator also receives the following for free: The custom utility "Bomber Utility", which automatically manages every trade, sets Stop Loss and Take Profit levels, and closes trades according to the rules of this strategy Set files for configuring the indicator for various assets Set files for configuring Bomber Utility in the following modes: "Minimum Risk", "Balanced Risk", and "Wait-and-See Strategy" A step-by-step video manual to help you quickly install, configure, and
Tokyo mt5 Indicator
Vasiliy Strukov
5 (15)
Tokyo Indicator provides a clear visual overview of trend direction, potential trading signals, and market conditions. Its colour-coded, stepped trend line distinguishes bullish phases in blue from bearish phases in magenta. Matching directional arrows highlight potential buying and selling opportunities when the displayed trend changes. An integrated dashboard brings together the current signal, market bias, momentum, volatility, and signal quality in one convenient view. This allows traders t
Power Candles MT5
Daniel Stein
4.58 (12)
Power Candles - Self-Optimizing Strength Indicator Strength usually lives in a sub-window. The line runs below, the candle above, and your eye keeps connecting the two. Power Candles puts the strength into the candle itself, colored from dark red to dark green, so the chart reads at a glance and the sub-window stays closed. The indicator also finds its own settings for the symbol and timeframe in front of you. One click on [ Apply Best ] draws entry, Stop Loss and Take Profit at the exact prices
Currency Strength Wizard   is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real s
Naked Forex Tweezer Pro Indicator Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the     best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The Twe
Auto Optimized SpeedAngle is an institutional-grade momentum vectoring system that eliminates curve-fitting through continuous Walk-Forward Optimization (WFO). Rather than relying on static inputs that degrade when market regimes shift, the indicator dynamically recalibrates its parameters using Out-of-Sample (OOS) validation, ensuring the displayed signals represent genuine statistical edges rather than historical anomalies. By shifting the focus from subjective visual angles to normalized, qua
Smc Pro ToolKit
Talal N Z Aljarusha
5 (13)
SMC PRO TOOLKIT — SMART MONEY ANALYSIS & STRUCTURED TRADE PLANNING SMC Pro ToolKit is a professional Smart Money Concepts analysis workspace for MetaTrader 5. It combines market structure, multi-timeframe analysis, institutional price zones, setup evaluation, confirmation tools, volume context, alerts, and risk planning inside one organized chart environment. One workspace. Multiple layers of confirmation. One structured trading plan. OPEN COMPLETE USER GUIDE MULTI-CONDITION SETUP ENGINE At
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This indicator uses historical volatility and a 21-period moving average to define the price distortion in relation to the average. The calculation of historical volatility was based on the book (Odds: The Key to 90% Winners) written by Don Fishback. A Volatility Index with a value greater than 30 may indicate that the price is distorted from its fair price. QUESTIONS ABOUT THE  INSTALLATION OF PRODUCTS AT META TRADER You can also find some instructions on how to install a robot in the Me
FREE
This robot sends app notifications based on Platinum Candle Indicator rules. The Platinum Candle Indicator shows colored candles when prices are strongly distorted in relation to their averages. App message example to sell: [SPX][M15] PLATINUM TO SELL 11:45. App message example to buy: [EURUSD][M15] PLATINUM TO BUY 11:45. It also sends messages for multiple timeframes: [SPX][M15] PLATINUM TO BUY 11:45; [EURUSD][M1] PLATINUM TO SELL 11:45 QUESTIONS ABOUT THE PURCHASE AND INSTALLATION OF PRODUCT
FREE
This script will create a report with all history orders in CSV format. The report is useful for those who run multiple EA's with different magic numbers in the same account. You can define some filters to generate your orders history report: 1) Initial date for assets in orders history. 2) Final date  for assets in orders history. 3) Asset name. 4) Orders magic number. 5) Add balance/costs. QUESTIONS ABOUT THE INSTALLATION OF PRODUCTS AT META TRADER You can also find some instructions on how
FREE
This robot sends Telegram notifications based on the coloring rules of PLATINUM Candle indicator. Example message for selling assets: [SPX][M15] PLATINUM TO SELL 11:45. Example message for buying assets : [EURUSD][M15] PLATINUM TO BUY 11:45 AM. Before enable Telegram notifications  you need to create a Telegram bot, get the bot API Key and also get your personal Telegram chatId. It's not possible to send messages to groups or channels. You can only send messages to your user chatId. You should
FREE
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EB83Br72
1165
EB83Br72 2026.03.03 02:01 

muito util, obrigado.

josemb09
34
josemb09 2022.11.04 17:43 

Muito legal!!!

Michael Taganna
28
Michael Taganna 2022.09.28 17:02 

Nice

migelhenri
64
migelhenri 2022.07.19 07:50 

Bom indicador. Parabéns e obrigado pela partilha.

KATTY2010
196
KATTY2010 2022.07.10 23:11 

muy util

alepozo
44
alepozo 2022.06.15 16:51 

Si funciona perfecto, debe estar acorde a tu estrategia. Gracias.

Zé Roberto
667
Zé Roberto 2021.10.09 18:46 

muito bom parabéns pelo belo trabalho e disponibilização

joseverasay
284
joseverasay 2021.09.28 03:07 

Recomendable

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