LBR_Paint_Bars - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

The LBR Paint Bars indicator draws colored candles based on the trend direction. The trend is defined by the position of the two wave lines. A color cloud histogram is displayed along these two lines.

It has four inputs:

 Edge1 = Minimum(lowest, HL period) + Delta;
edge2 = max (highest(high, hl) - delta ;

Delta = ATR(ATR period) * coefficient
If colored candle display is enabled (colored candles = yes):

 Attachment download
 📎 lbr_paint_bars.mq5 (18.92 KB)
 Source: MQL5 #22200
LBR_Paint_Bars - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
 LBR_Paint_Bars - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. 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.