Algo Candle is a very good indicator that allows you to see the strength of the selected algorithmic research using the colors of the candles.

In the input parameters, you can choose the type of algorithmic calculations: RSI, Vortex, MACD, Momentum, Stochastic, and ATR.

Candlesticks are colored based on the levels of the selected indicator.

This indicator eliminates the excessive number of oscillators or indicators on your charts and provides very useful information.

Algo Candle is a great work ally, allowing you to get more efficient and productive information about algorithmic research.

The colors of the candles must be set directly in the color settings of the indicator (the default panel).

• TypeIndicators – indicator type
• Average_True_Range
• MACD
• Momentum
• Relative_Strength_Index
• Stochastic_Oscillator
• ATR SETTINGS – ATR settings
• ATR_Period – ATR period
• ATR_Level – ATR level
• MACD SETTINGS – The MACD settings
• Fast EMA Period – Fast EMA period
• Slow EMA Period – the period of slow EMA
• Signal SMA Period – the period of the signal SMA
• MACD_Applied_Price – used price of the MACD
• MACD_Level – the level of the MACD
• MACD_Show ( Signal or Value) – show the signal or value of the MACD
• MOMENTUM SETTINGS – Momentum settings
• MOM_Period – the Momentum period
• MOM_Applied_Price – Used Momentum price
• MOM_Level – Momentum Level
• RSI SETTINGS – RSI settings
• RSI_Period – the RSI period
• RSI_Applied_Price – used price of the RSI
• RSI_Level_Overbought – the overbought level of the RSI (upper level)
• RSI_Level_Oversold – the oversold level of the RSI (lower level)
• STOCHASTIC SETTINGS – Stochastic settings
• Stoch_Show ( Signal or Value) – show the Stochastic signal or value
• K Period – the period of the K line
• D Period – the period of the D line
• Slowing – slowing down
• Stoch_MA_Method – Stochastic moving Average method
• Stoch_Price – the Stochastic price used
• Stoch_Level – Stochastic level

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• Average_True_Range
• MACD
• Momentum
• Relative_Strength_Index
• Stochastic_Oscillator

• ATR_Period – ATR period
• ATR_Level – ATR level

• Fast EMA Period – Fast EMA period
• Slow EMA Period – the period of slow EMA
• Signal SMA Period – the period of the signal SMA
• MACD_Applied_Price – used price of the MACD
• MACD_Level – the level of the MACD
• MACD_Show ( Signal or Value) – show the signal or value of the MACD

• MOM_Period – the Momentum period
• MOM_Applied_Price – Used Momentum price
• MOM_Level – Momentum Level

• RSI_Period – the RSI period
• RSI_Applied_Price – used price of the RSI
• RSI_Level_Overbought – the overbought level of the RSI (upper level)
• RSI_Level_Oversold – the oversold level of the RSI (lower level)

• Stoch_Show ( Signal or Value) – show the Stochastic signal or value
• K Period – the period of the K line
• D Period – the period of the D line
• Slowing – slowing down
• Stoch_MA_Method – Stochastic moving Average method
• Stoch_Price – the Stochastic price used
• Stoch_Level – Stochastic level

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