ColorKeltnerCandles – indicator MetaTrader 5

Fig1. The ColorKeltnerCandles‌ indicator
This indicator colors candlesticks in different colors depending on the strength and direction of the trend, using Keltner channels. The indicator is based on five symmetrical Keltner channels with different values of deviation in inputs. If a channel with a higher deviation is broken, a candlestick is colored in a brighter color. For a growing … Read more