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Two Shadows

Simplest indicator for bar shadows. Very useful for Kangaroo Tail strategy.

"Shadows" - this is the distance from high and close of the bull bar and low and close of the bear bar.

The purpose of the shadow is to show you if the bar is strong or not. Whether it is internal to the trend or is external. It even helps determine if a trend is starting. Very easy to recognise the pattern of the kangaroo tail and the reverse bar.

Input arguments:

  • Timeframe
  • How many prevoius bars to calculate
  • Value of the close shadow that should be passed to trigger the alarm and to display the number on the chart
  • Value of the open shadow that should be passed to trigger the alarm and to display the number on the chart
  • How many times to repeat the alarm (Put 0 if you don't want alarm for shadow)
  • Bear open shadow color
  • Bull open shadow color
  • Bear close shadow color
  • Bull close shadow color
  • Font size
  • Distance from the bar (to display the shadow)
  • Font style


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The Controversial 5-Step System That Professional Traders Use To Unlock Trading Success! Reversal Pro effectively combines price action, ideal location and reliable statistics in one smart algorithm. Understanding the market in this unique perspective allows you to recognize reversals professionally. Discover The Secret Of Professional Traders Get instant access ► www.mql5.com/en/blogs/post/716077 Copy & Paste what professional traders are doing right now! How To Trade Step 1: Trade Setu
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Versão 1.1 2020.10.20
Changed the distance input parameter to be in points, so it is more compatible to different charts.