Bosenic TrendCandles
- Indicatori
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Puguh Andrie Setia Aji
I am an independent developer specializing in MetaTrader 5 Expert Advisors and trading indicators. - Versione: 1.0
Bosenic V1 Trend Candles is a lightweight MT5 chart indicator designed to visually display the trend condition used by the Bosenic V1 trading system.
Instead of using a separate trend calculation, the indicator applies the same baseline calculation used by the EA. This allows traders to see the underlying bullish or bearish condition directly on the main price chart.
How It Works
The indicator calculates EMA values separately from the Open, High, Low, and Close prices using the selected EMA period.
These values are combined into a smoothed candle calculation:
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EMA Open
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EMA High
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EMA Low
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EMA Close
The resulting values are used to calculate the trend relationship between hashc and hasho .
When:
hashc > hasho
the market condition is displayed as bullish.
When:
hashc <= hasho
the market condition is displayed as bearish.
The result is applied directly to the normal MT5 candles.
Candle Colors
Green candles indicate a bullish trend condition.
Red candles indicate a bearish trend condition.
The colors can be customized through the indicator inputs.
EA-Compatible Trend Visualization
The main purpose of this indicator is to make the EA's trend condition easier to understand visually.
The calculation is designed to follow the same recursive baseline logic used by Bosenic V1. This means the candle colors are intended to represent the same trend state that the EA evaluates.
The indicator also separates confirmed bars from the currently forming bar. Closed candles are permanently calculated from confirmed data, while the current candle is treated as a live preview.
This prevents the forming candle from permanently changing the recursive calculation before the candle has closed.
Main Features
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Displays trend directly on the MT5 main chart
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Uses the Bosenic V1 baseline calculation
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EMA-based Open, High, Low and Close processing
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Bullish and bearish candle coloring
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Supports customizable EMA period
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Custom bullish and bearish colors
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Confirmed-bar calculation
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Live preview for the current candle
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No trading functions
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No orders or positions are managed
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Lightweight chart visualization
Inputs
EMA Period
Controls the EMA period used by the baseline calculation. For the visual result to remain synchronized with the Bosenic V1 EA, use the same EMA period configured in the EA.
Bullish Candle Color
Defines the color used when the baseline indicates a bullish condition.
Bearish Candle Color
Defines the color used when the baseline indicates a bearish condition.
Designed For
Bosenic V1 Trend Candles can be used by traders who want a simple visual representation of the trend condition behind the Bosenic V1 system.
It is particularly useful for monitoring the EA on a live chart, analyzing historical market conditions, and understanding why the system considers a candle bullish or bearish.
This indicator is a visualization tool only. It does not open, modify, or close trading positions.
