• Información general
  • Comentarios (5)
  • Discusión (11)

Bar Color Trend

Combining the best of Price Action, Directional Movement, and Divergence/Convergence analysis, Candle Color Trend is a easy and reliable way to identify trend direction. The indicator automatically paints the candles according to the assumption that an uptrend is defined by prices that form a series of higher highs and higher lows. In contrast, a downtrend is defined by prices that form a series of lower highs and lower lows. Additionally, ADX Wilder indicator is used to measure trend weakness (consolidation), and a proprietary algorithm based on MACD was implemented to identify a potential reversion ahead. Each one of these scenarios is identified by a color that can be chosen according to your preference.

Candle Color Trend is surely be one of the best filters for your trend following strategy, but it is not recommended to be used as a standalone entry signal. For Expert Advisors, the buffer number 9 can be used. Values higher than 1 and lower than -1 mean up trend and down trend respectively. Potential reversion is set as 1 or -1, and finally, 0 is used for consolidation.


Parameter

  • ZigZag depth - The number of bars to be considered between highs and Lows, and it is related to the duration of the trend. Try different timeframes before altering this setting.
  • ADX Period - Period to be applied on ADX Wilder indicator in order to identify consolidations.
Comentarios 5
Claudio Jones
131
Claudio Jones 2020.05.24 05:15 
 

Excellent work thanks for share

pipie3
62
pipie3 2018.10.24 09:30 
 

very predictable indicator for forex day trading, thanks!

areteus areteus
131
areteus areteus 2021.01.09 17:31 
 

works well

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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 Power MT5 is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key
75 USD
Blahtech Market Profile MT5
Blahtech Limited
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
95 USD
FX Trend MT5
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 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 t
75 USD
Candle patterns scanner with trend filter MT5
Jan Flodin
This indicator scans for Pin bars, Morning/evening stars, Engulfings, Tweezers, Three Line Strikes, Inside bars and Pennants and Triangles. The indicator can write the signals to a file which can be used by an Expert Advisor for auto trading .  For instance  this product .  You can find more information about the content and location of the text file in the  blog . Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and
39 USD
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pipie3
62
pipie3 2018.10.24 09:30 
 

very predictable indicator for forex day trading, thanks!

sunnychow
8612
sunnychow 2019.01.12 16:32 
 

Thanks for share

dsnx
28
dsnx 2019.04.26 03:06 
 

El usuario no ha dejado ningún comentario para su valoración

Claudio Jones
131
Claudio Jones 2020.05.24 05:15 
 

Excellent work thanks for share

areteus areteus
131
areteus areteus 2021.01.09 17:31 
 

works well

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