MTF MA Color Candles Alert
- Indicatori
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Sangmo Park
MT5 Edge Tools / SangmoPark
I build MetaTrader 5 tools for manual chart review and workflow clarity: multi-timeframe MA/Kijun context, market structure, currency strength, supply/demand levels, session zones, pivots/CPR, and trade-review utilities. - Versione: 1.5
- Aggiornato: 20 maggio 2026
- Attivazioni: 10
MTF MA Color Candles Alert helps traders read moving-average context faster by replacing regular candles with four customizable candle colors.
The indicator can use the current timeframe or a selected higher timeframe moving average. For example, a trader can view M5 price action while coloring the candles from an H1 or H4 moving average condition.
Main features:
- Multi-timeframe MA source: current, M5, M15, M30, H1, H4, D1, and W1
- Moving average period, method, and applied price are adjustable
- Four selectable candle colors
- Separate colors for bullish and bearish candles above the MA
- Separate colors for bullish and bearish candles below the MA
- Optional alert when the candle color state changes
- Option to alert once per bar
- Option to hide the base chart candles for a cleaner overlay
- Works directly on the main chart window
- No external DLL files required
Common use cases:
- Higher timeframe trend context on a lower timeframe chart
- Cleaner visual confirmation around moving averages
- Fast chart scanning without adding extra subwindows
- Manual trading workflows where candle color helps keep direction clear
v1.5
Stronger MTF array handling, safer MA cache sizing, chart restore on removal.
This indicator does not predict market direction and does not place trades. It is a visual chart tool only. Traders should test settings on demo first and use their own risk management.
Copyright:
© uniprojects
