Danko Trend Color

    The Danko Trend Colorindicator is actually a candle coloring to bring practicality, ease and information to your charts.



    Danko Trend Color combines PRICE AND VOLUMEindicators to define the prevailing trend, so the colors are:

    Blue (indicates an uptrend)
    Orange (indicates a downtrend)
    White (indicates undefined trend)

    I don't like to promise anything with my indicators, I ask you to download, test it for free (for use in backtesting) and see if the indicator can, in some way, help your operational.

    Knowing this, one possibility of using the indicator as a signal is to change the color from orange or white to blue (buy signal) or the reverse for a sell signal. Opening when the first blue bar closes. This should bring a favorable risk/return ratio!

    The second possibility is for you to use the indicator as a filter and associate it with another entry signal that is already part of your strategy.

    Place the indicator on your chart and see that Danko Trend Color can be used for scalping, but also on larger time frames (try it in the daily) to catch big trends.

    Input parameters:

    Plot Mode: You can use it as candlestick coloring or with a colored segment that doesn't change your default colors or get in the way with another coloring indicator.

    Uptrend color: Color that will indicate the uptrend

    Downtrend color: Color that will indicate the downtrend

    No trend color: Color that indicates that the price has not yet defined a direction

    Vertical segment offset (in ticks):  Maximum/minimum offset distance, in case you choose not to use candle coloring

    Segment height (in ticks): Segment height, in case you choose not to use candle coloring

    Fast Period: Fast period of the indicator that allows you to customize the indicator in your own way.

    Slow Period: Slow period of the indicator.


    If you want to map the trend on different timeframes using this indicator, then I will launch the panel with different timeframes.


    If you found the indicator idea interesting and want to discuss it, let's use the discussion tab to comment, thanks in advance for the exchange of ideas.

    That's it!

    If you want to learn about other White Trader indicators, just click on "More from the Author" on the left!

    Success and good trading!

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    Bogdan Ion Puscasu
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    SILICON HALLWAY PTY LTD
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    Ricardo Almeida Branco
    5 (4)
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    Ricardo Almeida Branco
    5 (3)
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    Ricardo Almeida Branco
    4.88 (8)
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    Ricardo Almeida Branco
    5 (1)
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    Ricardo Almeida Branco
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    Ricardo Almeida Branco
    5 (1)
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    Ricardo Almeida Branco
    5 (2)
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    Ricardo Almeida Branco
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    PVA Color Candle
    Ricardo Almeida Branco
    Several techniques use volume as an important point in the trade. Whether to indicate strength, exhaustion, pullback weakness, among others. In chief I quote Richard Wyckoff's theory, which said about the importance of looking price and volume. However, there are several possibilities to filter what is volume that should be noticed. PVRSA/PVA users use an indicator with specific colors, which assist in identifying the volume and type of movement that the price has made. Will the high volume
    Several techniques use volume as an important point in the trade. Whether to indicate strength, exhaustion, pullback weakness, among others. In chief I quote Richard Wyckoff's theory, which said about the importance of looking price and volume. However, there are several possibilities to filter what is volume that should be noticed. PVRSA/PVA users use an indicator with specific colors, which assist in identifying the volume and type of movement that the price has made. Will the high volume
    Do you use volume in your reading of the market? Certainly many traders use it, and do not imagine operating without it. The Color Histogram Volume Set indicator allows the user to choose the value that he considers interesting to monitor. When you pass this you will have visual confirmation and if you want you will also have the audible alert that is given by the indicator. Of course, there are other ways to try to find a high volume, such as assessing whether the volume is above av
    Do you use volume in your reading of the market? Certainly many traders use it, and do not imagine operating without it. The Color Candle Volume Set indicator allows the user to choose the value that he considers interesting to monitor. When you pass this you will have visual confirmation on the price chart and if you want you will also have the audible alert that is given by the indicator. Of course, there are other ways to try to find a high volume, such as assessing whether the vol
    WT Vwap Bands
    Ricardo Almeida Branco
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    Ricardo Almeida Branco
    5 (1)
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    Ricardo Almeida Branco
    5 (1)
    The previous day's vwap is used by some traders as a support and resistance point, after all it is one of the ways to consider the fair price of that asset or that pair the day before. Possible defenses can occur in this region indicating a reversal, or triggering stops starting a new, more directional movement. It is a matter of analyzing how it will add to your operational. To avoid manually drawing the previous day's vwaps and saving time for your analysis, use the Vwap Freeze indicator, as
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    Ricardo Almeida Branco
    5 (1)
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    WT Vwap 5 Bands
    Ricardo Almeida Branco
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    The White's Candle Color indicator (by volume) will color the candles based on the current candle's volume compared to the moving average of the volume. This will allow you to see clearly if the volume (real or tick) is within the normal range, whether it is high or low and bring very important information about the market. I hope that this indicator can help in your operational. Success and good trades!
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    Ricardo Almeida Branco
    5 (1)
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    Initial Balance MT5
    Ricardo Almeida Branco
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    VTC Volatility
    Ricardo Almeida Branco
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    O indicador Vwap Deviation Bands segue na mesma linha dos outros indicadores da White Trader, que buscam leveza, personalização e qualidade, para entregar o que há de melhor para o trader. Isto, além de combinar preço e volume (informações importantes para o trader) com uma medida estatística do desvio padrão. Este indicador já foi utilizado e testado por outros traders que deram sugestões, inclusive, para chegarmos nesta versão final (embora ainda esteja aceitando sugestões, sempre :)   ). O de
    Midas is the acronym for Market Interpretation / Data Analysis System is a trade approach started in 1995 by technical analyst Paul Levine and later developed by Andrew Coles, PhD and David Hawkins. Learn more in the book MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets , (I saw that it is possible buy via Amazon). The positive points in relation to the Midas-based indicators are the prediction of movement reversal points, the negative point is the subjectivi
    Vwap Bands Auto
    Ricardo Almeida Branco
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    Ricardo Almeida Branco
    5 (1)
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    Start Midas Fibo Bands
    Ricardo Almeida Branco
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    Prior Lines
    Ricardo Almeida Branco
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    Ricardo Almeida Branco
    5 (1)
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    Do not buy before seeing the Danko Trend Color product, as this panel is a way to view a summary of this indicator on various timeframes. The Danko DTC Panel utility allows you to look at the trend in up to 5 timeframes. When clicking on the timeframe texts, a new window will open with the indicator plotted on the screen so you can see the complete chart. The width of the panel, with the amount of candles you want to see, is customizable, see the images below. Ao clicar nos textos dos timeframe
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