change the colour of candles and wick
Info
The change the colour of candles and wick is a Indicator for MetaTrader 5 that draw the wicks (thin lines): draw a vertical line from the lowest price to the highest price of each candle (this is called a "wick"). draw the body of the candle: draw a rectangle from the opening price to the closing price, using a different colour if the candle is bullish or bearish.
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 change the colour of candles and wick
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
draw the wicks (thin lines): draw a vertical line from the lowest price to the highest price of each candle (this is called a "wick").
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: volume rate of change (vroc) - another powerful indicator for MetaTrader 5 traders.
draw the wicks (thin lines): draw a vertical line from the lowest price to the highest price of each candle (this is called a "wick"). draw the body of the candle: draw a rectangle from the opening price to the closing price, using a different colour if the candle is bullish or bearish. colour customisation: you can easily change the colours used for bullish and bearish candles and their wicks.in the code you use, for example: the bearish candles have a maroon body (clrmaroon). the wicks of the bearish candles are light violet (clrorchid). what is it useful for? this indicator is useful if you want to: have a unique and clear visual style on your charts. differentiate bullish candles more easily from bearish ones. analyse the price behaviour in a more visual way.
Also recommended: price rate of change (roc) - similar indicator with strong performance on MetaTrader 5.
You may also like: zig zag swing detection with break and change of structure labels - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 10
#property indicator_plots 3
enum APAGAR
{
ENCIENDE = 0, // Valor 0 = No se apaga (activa).......
⚠ 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.