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Magic Candles Free for MT5 is a brand new product that allows you to identify this current market stage (uptrend, downtrend or flat).

This indicator paints bars in different colors depending on that the current state of the market and signals the user about a shift in the tendency with a alert.

Magic Candles Free for MT5 is a demo version, it just works on the AUDUSD currency pair.

The infinite version can be purchased here: https://www.mql5.com/ru/market/product/29342

Magic Candles Free for MT5 is a demo version, it just works on the AUDUSD currency pair.

The infinite version can be purchased here: https://www.mql5.com/ru/market/product/29342

  • Suitable for indices and intraday trading.
  • There is no redrawing (recalculation) of the indicator, the signal is sent purely at the “closing of the bar”.
  • It can be used as an independent tool, or in conjunction with other indicators.
  • Notification system for email and mobile phone when the indicator signal appears.
  • Easy setup of the indicator, the minimum settings.
  • It works on any financial instruments and markets.
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If you change the color of the last candle from gray to red, you need to open a sell order (see screenshot #1).

If you change the color of the candle from gray to green, you need to open a buy order.

When a gray bar appears, you need to close open orders, as a flat is expected.

  • Zone BUY – color of buy candles (green by default).
  • Zone SELL – color of candlesticks for sale (red by default).
  • Neutral zone – flat color (gray by default).
  • Alert – enable or disable the Alert. If true-enabled, false-disabled.
  • Email – enables or disables sending messages to email. If true-enabled, false-disabled.
  • Push – enable or disable sending messages to a mobile phone. If true-enabled, false-disabled.

Evgeny Belyaev is a professional programmer and successful trader.

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Published

11 February 2019

Updated

09 August 2020

Current Version

5.0

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Mirko Cerulli December 27, 2020 4:57 am
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Thanks for share. 5

my09trend December 27, 2020 4:56 am
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5 stars \! /

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