barebone gradient candles
Info
The barebone gradient candles is a Indicator for MetaTrader 5 that colored candlestick exemplifying a gradient. it was somewhat hard to find a good working example of draw_color_candles that was understandable, most of the comments were useless, and the documentation lacks to even specify the plot limitations (plot_color_indexes being limited to 64 in length, [0; 63]) or which order the functions should be called.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use barebone gradient candles
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
colored candlestick exemplifying a gradient.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Flame Indicator: Gradient Semitransparent Areas - another powerful indicator for MetaTrader 5 traders.
colored candlestick exemplifying a gradient. it was somewhat hard to find a good working example of draw_color_candles that was understandable, most of the comments were useless, and the documentation lacks to even specify the plot limitations (plot_color_indexes being limited to 64 in length, [0; 63]) or which order the functions should be called.
Also recommended: Color Scales, Gradients, and Heatmaps in MQL5 - similar indicator with strong performance on MetaTrader 5.
i also had a hard time finding a working algorithm for moving a x color towards a y color (i believe this is called gradient?); this code contains a math function which returns a gradient from x towards y and i would love to know if someone has a better way of doing that.changelog
v1.01 - fix the order, was inverted (was missing a 1.0 - percentage calc)
You may also like: session daylight gradient — ambient forex session overlay - excellent alternative for indicator users on MetaTrader 5.
Source Code
#ifndef GRADIENTCANDLES_H
#define GRADIENTCANDLES_H
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.01"
#property strict
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_plots 1.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.