• Overview
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  • Comments (1)
  • What's new

Candle Colors

The Color Candles Indicator uses custom colors to highlight candles that follow the main market trend, based on the Moving Average. This simplifies the analysis of price movements, making it clearer and more direct.
  • When the price is above the rising Moving Average, candles are highlighted indicating a BUY opportunity.
  • When the price is below the declining Moving Average, candles are highlighted indicating a SELL opportunity.


Input Parameters:

  • Period
  • Method
  • Applied Price


    The moving averages were included in the chart only to illustrate the calculation of the indicator and suggest their use together.



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    Paulo Henrique Da Silva
    This indicator draws the Donchian Channel, filling the background with colors. The color of the middle line is changed following the current trend, based on the standard interpretation of the Donchian Channel. Input Parameters: Period of the Channel   (default is 20) Validate Signals   (boolean value to filter out false breakouts, default is false) Background Settings Show Background   (default is true) U ptrend Color (default is DodgerBlue ) Downtrend Color (default is Orchid) Background Tr
    FREE
    RenkoChart EA
    Paulo Henrique Da Silva
    4 (1)
    This Expert Advisor is an optional tool of the  RenkoChart by   Paulo Henrique  indicator. It performs the same functions as the indicator, but with an additional input parameter: " Timer to update the chart ". This feature is exclusive to Expert Advisors, and allows you to generate a Timer event with a predetermined time interval. The Renko Chart tool presents an innovative and highly flexible approach to visualizing market data in MetaTrader 5. This expert creates a custom symbol with Renk
    FREE
    Color SAR
    Paulo Henrique Da Silva
    This indicator draws the Parabolic SAR. Top and bottom lines with customizable colors. With an additional parameter called “Validate Signals”, which identifies false breakouts and changes the color of the line to gray. Input Parameters: Step ( default is 0.02 ) Maximum   ( default is 0.2 ) Applied Price High  ( default is High price) Applied Price Low  (default is Low price) Validate Signals   (boolean value to filter out false breakouts, default is true)
    FREE
    Timeframe On Chart
    Paulo Henrique Da Silva
    A simple indicator/tool to display the current timeframe in the center of the chart. The object is automatically moved to the center of the chart whenever the chart size is changed by the user. Input  Parameters : Font (default is Arial Black) Font Size (default is 50) Font Color (default is Silver, for light theme graphics, change to black or another dark color) Font Transparency (default is 90%)
    FREE
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    Bianca Dantas
    24
    Bianca Dantas 2023.02.14 19:18 
     

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    Version 2.10 2024.03.10
    New version available!
    Version 2.0 2024.02.08
    New version available!