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Magic Candles MT5 is a brand new merchandise that allows you to identify your current market phase (uptrend, downtrend or flat).

This index paints pubs in different colours depending on that the current state of the market and indicates the user about a change in the tendency with an alert.

Magic Candles MT5 is ideal for trading currencies (such as cryptocurrencies) and binary options.

You can download the variation of Magic Candles for the MetaTrader 4 terminal : https://www.mql5.com/ru/market/product/25921.

You can download the variation of Magic Candles for the MetaTrader 4 terminal : https://www.mql5.com/ru/market/product/25921.

  • acceptable for scalping and intraday trading.
  • there’s no redrawing (recalculation) of the index, the signal is sent strictly 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.

Our Useful Features & Services

Published

07 May 2018

Updated

09 August 2020

Current Version

10.0

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MATTEW January 12, 2021 1:09 pm
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Fantastic indicater daily trendres

andyfedototov January 12, 2021 1:08 pm
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Hi, everybody.Useful product.

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