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Re: Metatrader 5 Versions of indicators.

Tsar, Sat May 13, 2017 3:05 pm

Color Keltner Candles

This indicator stains the candles in different colors depending on the strength and direction of the trend, using the Keltner channels for this.

The indicator is based on five symmetric Keltner channels with different values ​​of the input deviation parameters. Breakdown of the channel with a large deviation value leads to a more bright coloring of the candle. For a growing market, shades of green and green flowers are used, and for falling red-pink-brown.

In total, five levels of deviations and ten colors for displaying the trend were used. In the absence of breakdown of the weakest level of deviation, the candles are not colored and have the usual coloring.

[*] The indicator uses the SmoothAlgorithms.mqh library classes ( you need to copy it to the Terminal_data_folder \ MQL5 \ Include )
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