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Colored candles and patterns

Japanese candlestick analysis is one of the most used methods for determining a reversal or continuation of a trend. The Colored candles and patterns indicator can display the names of many famous candlestick patterns on the chart and signal when they appear. In addition, some candles, not being a specific model, have a strong tendency to continue the movement, or its turn. Using this indicator, you can see such candles - they are displayed in different colors. 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. With the default setting, bullish candles are colored green and bearish candles are red. The greater the strength of the bulls or bears, the brighter the color. If desired, colors can be changed. You can enable and disable alarms (Alerts) when finding important candles or patterns.

There is a simpler version of this indicator (Colored candles), but it does not show candlestick patterns and has fewer signaling capabilities.

The indicator can work on any currency pair and timeframe. More accurate signals are generated on large time frames. It can and should be used together with other standard indicators of the Metatrader4 platform.

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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(FOR MT4)   Ultimate Engulfing Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to find the strongest engulfing patterns in the forex market. - An engulfing pattern is very simple to trade, without the need for any complicated analysis. - This patterns provides an excellent risk and reward ratio. Because your potential wins will     always be considerably larger than your potential losses. And this is CRITICAL to your long term     trading success.  - You have t
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Pivot Prof MT4
Paul Anscombe
Um excelente indicador ... Obtenha oportunidades de negociação incríveis com o Pivot Prof e use os níveis que os profissionais usam para aprimorar sua negociação hoje! O Pivot Prof é rico em recursos e usa algoritmos exclusivos para calcular e exibir os níveis de negociação de vários prazos em um único gráfico fácil de ler e fornece alertas de terminal, celular e e-mail, além de personalização completa. Atualização Importante Maximize o potencial do Pivot Prof visitando o   Pivot Prof - Tradi
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PipFinite Breakout EDGE
Karlo Wilson Vendiola
The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here ► www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
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Bruces Price Predictor
Bruce Webb
*Non-Repainting Indicator Message Me Immediately After Purchase For VIP Installation Help and Free Strategy     Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do not repaint but confirmation ent
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MQLTA Support Resistance Lines
MQL4 Trading Automation
MQLTA Support Resistance Lines is an indicator that calculates the historical levels of Support and Resistance and display them as Lines on chart. It will also Alert you if the price is in a Safe or Dangerous zone to trade and show you the distance to the next level. The indicator is ideal to be used in other Expert Advisor through the iCustom function. This indicator can be tested LIVE on AUDNZD with the following DEMO https://www.mql5.com/en/market/product/26572 How does it work? The indicat
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Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
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Parabolic and divergence
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The Expert Advisor places pending orders by the points of the Parabolic Sar. The placement of orders depends on whether there is a divergence or a convergence on the Awesome Oscillator and RSI indicators, and also on the values of other indicators: MA, Stochastic, ATR. It can be configured to open only the BuyStop or only the SellStop orders, if necessary. By default, both buy and sell pending orders are placed. It is possible to set the time, when order placement is allowed. The Stop Loss and T
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Breakout Line
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The Expert Advisor enters the market at the breakout of a trading range high or low. In technical analysis, high or low breakout usually means the beginning of a new trend (or continuation of a previous one) and the good moment to enter the market in appropriate direction. The EA buys if the high of a trading range was broken and a candle closed above it. Selling is performed in the opposite case. The number of candles in a trading range can be configured. It also depends on the market volatilit
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Many Moving Averages MT5
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Moving averages are very often used for analyzing currency pairs and trading. This Expert Advisor can analyze many moving averages at once and trade based on this. When the required number of moving averages signal a purchase, the adviser makes a purchase, if the indicators signal a sale, the advisor sells. Also, there is filtering spurious signals at low volatility based on the ADX indicator. In the settings of the adviser, you can set the required number of sliding ones, their period (the init
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Doji Finder Indicator MT5
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O indicador analisa o gráfico e identifica os castiçais Doji. Mostra sua aparência e sinaliza a aparência de tal vela (se permitido nos parâmetros). Além disso, este indicador mostra a força da reversão na forma de barras de cores diferentes (quanto mais verde, mais provável é o crescimento, mais vermelho - a queda no preço). A direção do sinal depende da direção das velas anteriores, pois o Doji sinaliza uma reversão ou correção. Nas configurações do indicador, você pode alterar os parâmetros
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Easy Parabolic Sar
Alexander Nikolaev
The Expert Advisor places orders based on the points of the Parabolic Sar indicator. If your trading strategy utilizes this indicator, the EA will save you from the necessity to move your pending orders after every candlestick (e.g. 5 minutes or 1 hour) and will do it automatically. You can set the EA to open only BuyStop or only SellStop or both. Buy default both Buy and Sell are enabled. The EA does not use any indicators other than Parapolic Sar. Therefore you are to decide the time to run th
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ADX Channel
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ADX Channel is an indicator that plots the channel depending on the values of the ADX (Average Directional Movement Index) indicator. The resulting channel is a little similar to the Envelopes, but its lines depend on the market volatility. The sell trade is usually executed fast when the price touches and bounces from the upper line of the channel, buy - from the lower. It is recommended to trade when there is no significant news. The recommended timeframes: M5 - H1. The indicator is not design
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Break Lines
Alexander Nikolaev
The indicator draws lines the the price highs and lows. Break through the high or low usually indicates trend change (or continuation). Once the price moves through a line, and the candlestick closes, the indicator draws an appropriate arrow (also, you can enable alerts). A deal should be conducted in the breakthrough direction immediately or after a slight rollback. It is best to trade following the trend on a larger timeframe. This indicator is easy to use, but nevertheless, there are many tra
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Colored Candles Demo
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The demo version of the Colored Candles indicator - calculates the parameters of each candle, as well as its volume. After that, it paints the candles depending on their 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 indicator helps to analyze the price movement, as well as market entry points. The more accurate signals are formed on the higher
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Easy Candles
Alexander Nikolaev
This is a simple and free Expert Advisor that trades candlesticks. It compares several nearest bars and their volumes, and opens a trade based on that data. Unlike the professional version , it analyzes only 1 timeframe. The recommended timeframes for this EA are H1, H4, D1, it works with any currency pairs. The parameters always need to be optimized before trading, as well as after some period of trading. Input Parameters Lots - lot size (if Lots=0, then the lot will be calculated based on th
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Volume Levels USDJPY
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Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. This is a demo version that works only on the USD/JPY currency pair. To work on all currency pairs, install the full version: https://www.mql5.com/en/market/product/15888 Param
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Candlelight
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The Expert Advisor opens deals analyzing the last candle on several timeframes, as well as its volume and readings of many other indicators to ensure an accurate market entry. All indicators are customizable. Inputs Lots - lot size; Slippage - maximum allowable price deviation in points; Magic - unique identifier, use different magic numbers if multiple Expert Advisors run in your terminal; Max take profit - order closing price at a certain profit target; Mininum take profit - minimum profitab
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Easy Martingale
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The EA uses the martingale principle - it increases the lot after an unsuccessful trade. But unlike other experts based on this principle, the Easy Martingale increases the lot 4 times at most, so that the drawdown does not become critical for your deposit. With that, after 1 unsuccessful trade the entry conditions are tightened, just as after the 2nd failure. Also, each trade has a fixed stop loss, and it is recommended to set it close. Sometimes, it is better to lose a little 3 times, but then
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Week pullback
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The Expert Advisor opens trades only after the weekly candlestick closes. It determines how much the price moved in a week and opens a trade on Monday if the market opens in the opposite direction. It uses the "Va-bank" (All-in) strategy, which supposes that there will be a rollback on Monday after a strong weekly movement. At the weekends you can set the EA on the currency pair that moved the most points during the week, and optimize the EA specifically for this currency pair. The EA opens a tr
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Five timeframes Ichimoku
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The EA uses the signals of the Ichimoku indicator from multiple timeframes simultaneously. For a trade entry, from 1 to 5 different timeframes can be adjusted. It is not always necessary for all the indicators to show buy (or sell) to enter the trade. The number of the required signal for the entry can be configured. Also, to improve trading, other indicators are used, as well as the search for divergences. It is recommended to use the EA on the currency pairs with high volatility (for example E
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Micro Powers
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The EA is designed for trading on short-term timeframes during slack price fluctuations. At the same time, it can determine when the price fluctuations are suitable for trading. It detects the divergences using a variety of indicators, it can determine the direction of the price movements on the minute timeframes. Use accounts with low spread when trading on the М1 timeframe. Designed for EUR/USD, but can be optimized for other currency pairs. It can accept indicator signals from multiple timefr
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Breakout and pullback
Alexander Nikolaev
After breaking through the high or low of the trading range, the price often comes back about half the distance. This EA determines a good place to enter the market by trend, it opens a trade after a small rollback towards the trend. The number of candles in a trading range can be adjusted, like many other parameters. The trading range for determining the high and low depends on the current volatility of the market. The EA takes that into account, it can also automatically determine the appropri
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Micro Powers Pro
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Automatic Trading System designed for trading on smaller timeframes (М1-М15). It makes a large number of trades, determines when the price fluctuations are perfect for trading, detects divergences using different indicators. Designed for EUR/USD, but can be optimized for other currency pairs. Unlike the simple version of MicroPowers, this EA also implements the Martingale principle (increases the lot if the previous trade was in loss), which can be adjusted so that it is not critical for the dep
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Honeybee
Alexander Nikolaev
The Expert Advisor analyzes volumes before entering a trade. Major market players buy and sell large volumes and thus influence further price movement. Honeybee hunts for volumes just like for honey. When the market rises or falls, and suddenly there are volumes in the opposite direction, the EA opens a trade. You can configure the EA to open trades following the trend of a higher timeframe. If necessary, Stop Loss is moved to breakeven after the price moves a certain number of points. The EA ca
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Volume Levels
Alexander Nikolaev
Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. It works on any currency pair. Parameters HistoryBars - the number of bars to determine the near volume levels; Range - the maximum distance above and below the current price t
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Volume Levels Trading
Alexander Nikolaev
The EA trades based on the levels that have the greatest volume of performed trades. These levels are often the support and resistance for the price. The EA does not simply buy based on the level, but determines how the price bounces off it and with what volume. The sufficient number of parameters allow to configure this EA for virtually any currency pair. The timeframes can also be different, fromM1 (if the account spread is small enough) to H4, but the optimal settings will be very different f
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Trend Stream
Alexander Nikolaev
The levels, where a large volume of trades has been formed, are very important in the technical analysis. It is also important to know the direction of the trend and its change. When a High is broken the trend is considered an uptrend, when a Low is broken - a downtrend. This provides a foundation for a good trading system. But now you don't have to do anything, such system has already been developed - the Trend Stream. The EA automatically detects the trend direction and makes trades based on t
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Signals 3 MACD
Alexander Nikolaev
The trading system is based on crossing 3 signal lines (with different parameters) of the MACD indicator. When all the lines are increasing, a buy order is opened (the opposite - sell order). The CCI indicator is required to avoid buying at the highest price but to but when the price decreases a bit, but there is still an uptrend. Also, the Stochastic and ATR serve as additional filters. The EA s easy to set up, but at the same time it shows good results on the short-term 5-minute timeframe. It
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EMA 8 and 18 Trading System
Alexander Nikolaev
This EA implements the EMA 8/18 strategy, which is used by many traders. Brief description of the strategy: The Buy is determined when the EMA 8 indicator crosses the EMA 18 from below, with the price moving more than 50 points from the crossing. The buy position is opened when the price touches the EMA for the first time, after that, as the price rises, the trade is maintained by a trailing stop with a step of 30-35 points. The opposite is for opening a sell position. The parameters of the fast
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ProCandles
Alexander Nikolaev
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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Colored candles
Alexander Nikolaev
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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Multi Alligator Signals
Alexander Nikolaev
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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Trend Hour
Alexander Nikolaev
At certain times, the market has a very strong volatility on all currency pairs. During that time, some currency pairs move stronger, and some weaker. The Trend Hour EA opens a trade on the most trending currency pair at a certain time. It determines the strength of the trend on multiple currency pairs and multiple timeframes using the Alligator indicator and ADX. Usually, the strongest movements happen on the currency pairs with the dollar in the middle of the US session. It is not necessary to
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Candles and 3MACD
Alexander Nikolaev
The trading strategy is based on the intersection of MACD's three signal lines with different parameters. Candlesticks are used for trade confirmation. The system shows better results when combined with the candlestick analysis. The Expert Advisor can analyze candlesticks on any timeframe specified in settings. It is recommended to run the EA on the M5 timeframe or M1 if using accounts with a very low spread. Features Trades fully automatically; Does not require a large initial deposit; Does n
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