Rijay's System of Moving Averages

every candle is colored by the ZigZag trend, and the EMAs only set how strong the color is.

Condition Candle color
ZigZag up and EMA 4 ≥ EMA 54 Strong blue (confirmed uptrend)
ZigZag down and EMA 4 ≤ EMA 54 Strong red (confirmed downtrend)
ZigZag up but EMAs disagree Light blue (uptrend, pullback or early turn)
ZigZag down but EMAs disagree Light red (downtrend, pullback or early turn)
No ZigZag pivot yet White

rijay wrote: Wed Jul 01, 2026 5:45 pm Jurik colored candlesticks

Is there an MT4 version of this?

based on xard's indicator

How the filter works- ema per 5 gives arrows frequently then higher ema settings on macd crossovers

Red arrow (lower-timeframe MACD crosses below 0): it shows only if the candle it sits on is the strong red, C’200,50,100'.
Green arrow (MACD crosses above 0): it shows only if that candle is the strong blue, C’50,150,255'.
In every other case the arrow is hidden. That includes white candles and the light red (255,160,160) and light blue (160,200,255) candles, which are not the strong colours you named.

global wrote: Wed Oct 21, 2026 2:51 am Is there an MT4 version of this?

i do not have mt4 version

Applied candlestick coloring to Xard's Semaphore version . All credit to xard

Are these indicators available only for the MT5 platform? Please what about the MT4 trading platform? Or if anyone can point me to where I can find the MT4 versions I will be immensely grateful.

MT5 with option of jurik macd center line fixation

When the Jurik MACD line crosses zero, the ZigZag swing of the finished segment is fixed and a new leg starts. The highest high of a positive segment becomes the top, and the lowest low of a negative segment becomes the bottom. The candle colours follow from that. This is the same code path your existing MACD centre-line fixation uses, so the leg and candle behaviour matches it exactly.

use it in jurik macd center line fixation mode


Each Jurik MACD centre-line crossing fixes one pivot, the same ones your ZigZag already uses. A top is fixed after a positive segment and a bottom after a negative one.
Each new top is compared with the previous top and labelled HH or LH. Each new bottom is compared with the previous bottom and labelled HL or LL.
The label sits at the pivot candle, above for tops and below for bottoms. HH and HL are green, LH and LL are red.
The corner text uses the newest top and bottom together:
HH + HL shows UP TREND.
LH + LL shows DOWN TREND.
Anything else (HH + LL, or LH + HL) shows “NO CLEAR TREND”. You can turn this off with TrendShowMixed.