CandleColorCounter - MetaTrader 5 Script - MT4/MT5 Resource
The indicator counts bullish and bearish candles in the Bar_Period bar and calculates the percentage.
The trend is complete when the blue line rises to 61.8% and the red line falls to 38.2%. When the blue and red lines approach 50%, the trend begins.
Attachment download
📎 candlecolorcounter.mq5 (2.89 KB)
Source: MQL5 #7005
CandleColorCounter - MetaTrader 5 script usage and filtering suggestions
CandleColorCounter - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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