Colored candles and patterns MT5

Some candles have a strong tendency to continue the movement, or its turn. Using the Colored candles and patterns indicator, such candles are clearly visible. 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. Bullish candles turn green and bearish candles turn red. The greater the strength of the bulls or bears, the brighter the color. If desired, the colors can be changed. In addition, this indicator not only colors candles, but also shows well-known candle patterns (for example, Bearish Engulfing, Doji, Tweezers and others ...). It is possible to configure alerts so as not to miss any important candle on the chart.

The indicator works on any currency pair and timeframe. It helps to analyze the price movement, as well as the moments of entry into the transaction. More accurate signals are generated on large time frames.

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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Indicateurs
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Indicateurs
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Indicateurs
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Some experienced trades can tell where the price will go even without indicators, as the direction of the price can be found using the ordinary candlesticks. The EA compares several nearest bars and their volumes, and opens a trade based on that data. Also, it is able to analyze the candles on two timeframes at the same time to make the entry more accurate and less risky. In addition, the EA can automatically determine the take profit and stop loss size depending on the size of the previous cand
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Alexander Nikolaev
Indicateurs
Some candles have a strong tendency to continue the movement or to revert it. With the help of the Colored candles indicator such movements are clearly visible. This indicator calculates the parameters of each candle, as well as its volume, and after that it paints the candles depending on its strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indi
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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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Alexander Nikolaev
Experts
The EA detects strong movements using the Parabolic indicator and opens a trade. The Commodity Channel Index (CCI) is used as an auxiliary indicator. The CCI levels may depend on the ADX indicator values, which allows for better trading with different volatility. Also, the trades are opened depending on the RSI indicator values on a certain timeframe. Recommended timeframes: M5, M15, M30. Make sure to optimize the parameters of the EA for your account before trading. Input Parameters Lots - lot
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Carlos Felipe Diano 2020.10.03 22:12 
 

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