CandleColorMidPoint - MetaTrader 5 Script - MT4/MT5 Resource
Indicator Candle Colored Midpoint, similar to the indicator Candle Midpoint , shows the candle's midpoint, but it colors the midpoint of each candle based on the candle type (bullish or bearish).
It has two tunable parameters:
Figure 1. = Midpoint of the candle
Figure 2. = midpoint of body
Attachment download
📎candlecolormidpoint.mq5 (8.02 KB)
Source: MQL5 #22720
CandleColorMidPoint - MetaTrader 5 script usage and filtering suggestions
CandleColorMidPoint - 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 only on titles or short-term profit descriptions.
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