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Omega Scalping System Colored Candles MT5

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The indicator colors the candlesticks in the color of the probable current direction of movement. The direction is calculated for a given period. The initial data can be not only the standard price values of candlesticks, but also the values calculated using moving averages (26 types), as well as Heiken Ashi prices.

The initial parameters are set for the M15 timeframe. I recommend using it in conjunction with other indicators of the Omega system.

When using the averaging of the initial data, carefully choose the periods and calculation methods. The parameters for calculating the upper and lower directions are separated for a wider set of possibilities, but I recommend using the same values for both directions.

Attention! Not all combinations of parameters will give the correct result.

Omega Scalping System Trend Histogram – 
Omega Scalping System Price Power – 
Omega Scalping System Moving Average – 

  • Candles calculation period – the total period for calculating the color
  • Up calc MA period – the period of averaging the initial data of the upward direction
  • Up calc smoothing mode-method of averaging the initial data of the upward direction
  • Up calc used price – the price of averaging the initial data of the upward direction
  • Down calc MA period – the period of averaging the initial data of the downward direction
  • Down calc smoothing mode-method of averaging the initial data of the downward direction
  • Down calc used price – the price of averaging the initial data of the downward direction
  • Low range MA period – the period of averaging the calculation of the lower limit
  • Low range smoothing mode-averaging method for calculating the lower limit
  • Low range used price – the price of averaging the calculation of the lower limit
  • High range MA period – the period of averaging the calculation of the upper limit
  • High range smoothing mode – averaging method for calculating the upper limit
  • High range used price – the price of averaging the calculation of the upper limit
  • Use equality compare-value comparison mode: true -” >=<", false "><"
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