SMC Donchian CandleBlend
- Indicatori
- Mike Markgraf
- Versione: 1.1
- Aggiornato: 28 ottobre 2025
- Attivazioni: 20
SMC Donchian CandleBlend
The SMC Donchian CandleBlend for MetaTrader 5 is a powerful indicator that simplifies your chart analysis by coloring candles based on a fusion of signals from two powerful indicators: the "SMC Donchian Trend Breakout" and the "SMC Donchian Fusion ZigZag". This provides a clear and immediate visual representation of market sentiment, helping you to make more informed trading decisions.
Key Features:
- Fused Signal Logic: The indicator intelligently combines signals from the "SMC Donchian Trend Breakout" and "SMC Donchian Fusion ZigZag" indicators. It prioritizes strong signals over pre-warn signals and neutralizes conflicting signals, providing a clear and reliable indication of market direction.
- 5-State Candle Coloring: The indicator uses a 5-state color palette to paint the candles on your chart:
- Neutral: Gray
- Pre-warn Buy: Pale Green
- Buy Strong: Lime
- Pre-warn Sell: Orange
- Sell Strong: Tomato
- Invertible Palette: You can easily invert the color palette to match your personal preferences or chart theme.
- Clean and Uncluttered Charts: To ensure a clear and focused trading environment, the indicator automatically disables the chart grid and volume bars.
- Robust and Reliable: The indicator is built with robust error handling and defensive initialization, ensuring that it runs smoothly and reliably.
How it Works:
The SMC Donchian CandleBlend indicator uses iCustom calls to retrieve signals from the "SMC Donchian Trend Breakout" and "SMC Donchian Fusion ZigZag" indicators. It then applies a sophisticated merging logic to combine these signals into a single, unified color for each candle. This provides a simple yet powerful way to visualize market sentiment and identify high-probability trading opportunities.
Disclaimer:
This tool is for visualization and analysis only. It does not provide trading advice. Trading involves significant risk, and loss of capital is possible. Past performance is not a guarantee of future results. Please use this indicator at your own risk and seek independent advice if needed.
