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Metatrader 5 Indicators | BackgroundCandle_VolatilityPivot_HTF | MetaTrader Tool

Discover expert developed MetaTrader tools that can complement professional solutions.

The indicator draws candlesticks of a larger timeframe as color filled rectangles using DRAW_FILLING buffers. Rectangles are color filled in accordance with the values of the VolatilityPivot indicator.

Depending on trend direction the candlestick body is painted in violet-blue or violet-lilac, shadows are painted in light blue or plum color.

The indicator requires the compiled indicator file VolatilityPivot.mq5 for operation. Place it to terminal_data_folder\MQL5\Indicators\.

Classic MACD strategy made fully automatic – the MACD Expert Advisor for MT4 handles it all. Check it out.

Figure 1. The BackgroundCandle_VolatilityPivot_HTF indicator

Figure 1. The BackgroundCandle_VolatilityPivot_HTF indicator

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