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Omega Scalping System Colored Candles MT5

The indicator paints candles in the color of the probable direction of the current movement. Calculation of the direction is performed for the specified period. The initial data can be not only standard price values of candles, but also values calculated using moving averages (26 types), and also the Heiken Ashi prices.

The initial parameters are set for М15. I recommend using it together with my other Omega indicators.

Choose the periods and calculation methods carefully when using averaging of the initial data. Parameter for calculation of the upward and downward direction are separated to allow for a wider range of possibilities, but it is recommended to use identical values for each direction.

Attention! Not all combinations of parameters give correct results.

Omega Scalping System Trend Histogram - https://www.mql5.com/en/market/product/39321
Omega Scalping System Price Power - https://www.mql5.com/en/market/product/39298
Omega Scalping System Moving Average - https://www.mql5.com/en/market/product/39385

Parameters

  • Candles calculation period - total period for calculation of coloring
  • Up calc MA period - averaging period of the initial data for upward direction
  • Up calc smoothing mode - averaging method of the initial data for upward direction
  • Up calc used price - price for averaging of the initial data for upward direction
  • Down calc MA period - averaging period of the initial data for downward direction
  • Down calc smoothing mode - averaging method of the initial data for downward direction
  • Down calc used price - price for averaging of the initial data for downward direction
  • Low range MA period - averaging period for calculation of the lower border
  • Low range smoothing mode - averaging method for calculation of the lower border
  • Low range used price - price for averaging calculation of the lower border
  • High range MA period - averaging period for calculation of the upper border
  • High range smoothing mode - averaging method for calculation of the upper border
  • High range used price - price for averaging calculation of the upper border
  • Use equality compare - value comparison mode: true - ">=<", false "><"
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VR System MT 5
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VR System is not just an indicator, it is a well-balanced trading system that includes combined simple Moving Average and Donchian channel indicators. The system is based on classic trading rules. The VR System trading system takes into account the rules for entering the market, rules for holding a position in the market, and rules for exiting a position. Simple trading rules, minimal risks, and clear instructions make VR System an attractive trading strategy for traders in financial markets. Ad
150 USD
Blahtech Daily Range MT5
Blahtech Limited
Blahtech Daily Range indicator displays the average daily range alongside the individual session ranges. Using the daily open price as a reference the indicator shows fixed range and dynamic range targets as lines on the charts. These lines clearly show when the average range has been exhausted. Daily and session ranges can be useful for confirming entries or setting targets and is an excellent odds enhancer for many trading systems. Feature Highlights Daily Ranges Session Ranges Single or mul
49 USD
Aggression On Bars
Flavio Jarabeck
Imagine a Buy and Sell Pressure monitor on your chart that shows in REAL-TIME this data, bar by bar? Well, imagine no more. We present you an exclusive creation of Minions Labs : Aggression On Bars indicator. On every new bar on you chart this indicator will start counting in real-time the BUY/SELL pressure and present this data statistics directly inside your chart. As soon as a new bar is created in your chart, the counter restarts. Simple and effective. Just watch the video to see it running
60 USD
PipFinite Exit EDGE MT5
Karlo Wilson Vendiola
Did You Have A Profitable Trade But Suddenly Reversed? In a solid strategy, exiting a trade is equally important as entering. Exit EDGE helps maximize your current trade profit and avoid turning winning trades to losers. Never Miss An Exit Signal Again Monitor all pairs and timeframes in just 1 chart ► www.mql5.com/en/blogs/post/726558 How To Trade You can close your open trades as soon as you receive a signal Close your Buy orders if you receive an Exit Buy Signal. Close your Sell orde
88 USD
Premium Trend Entry MT5
Amani Fungo
Premium retracement notifier - Kilimanjaro Version This packs a-lot on enhancement on signal quality for the purpose of reducing drawdown. This tool have gone along way and that length of traveled distance it means a-lot of learning and enhancement. so with every release, we are focusing to improve the overall usability and quality.  become our premium user by buying this and in exchange we promise you a quality service and education on how to use our trading systems. Strategies The kilimanjaro
39.99 USD
Median and Turbo renko indicator bundle
Artur Zas
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus Point-O charts. This all in one package provides all of the signals needed by day traders, scalpers, and even long-term traders. Main characteristics The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement
45 USD
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Versão 1.1 2020.07.28
The code was optimized for the current version of the terminal.