Candle indicator with custom colors, highlighting the candles with the trend, using the Moving Average as a reference to determine the highlight colors, making the analysis of price movements easier and more objective.
- When the price is above the Moving Average, and the Moving Average is rising, colors are highlighted indicating a BUY opportunity.
- On the other hand, when the price is below the Moving Average, and the moving average is down, the colors are highlighted indicating a SELL opportunity.
Parameter Inputs :
- Moving Average Period
- Moving Average Method
- Apply To
- Bullish Hidden Candles Transparency
- Bearish Hidden Candles Transparency
Colors:
- Candle Colors
5 colors to be defined:
- Bullish Candle
- Bullish Hidden Candle
- Neutral Candle
- BearishCandle
- Bearish Hidden Candle
Check out our other indicators and realize that you don't have to spend huge sums on an expensive trading platform to access the crucial tools for success as a trader!