Real author:

Vladimir

The indicator colors the candlesticks according to B. Williams:

• Uptrend and growing candles - aqua;
• Uptrend and falling candles - blue;
• no trend and growing candles - green;
• no trend and falling candles - red;
• Downtrend and growing candles - purple;
• Downtrend and falling candles - magenta

Originally this indicator has been written in MQL4 and was first published in the Code Base on 13.02.2008.

Fig.1. The CandlesticksBW indicator