Hey traders! If you're looking to step up your game, you might want to check out the Background Candle StepMA Stochastic Indicator for MetaTrader 5. This nifty tool visualizes candlesticks from a higher timeframe as color-filled rectangles, making it easier to identify market trends at a glance.
The rectangles are filled based on the values from the StepMA Stochastic Indicator, which is a fantastic way to get a clearer view of market momentum. When the trend is bullish, the candlestick bodies are painted in a rich dark green, while bearish trends show up in a striking orange. The shadows? They’re styled in light lime or yellow, adding to the overall clarity of your charts.
To get started, you’ll need the compiled indicator file StepMA_Stoch_KV1.mq5. Make sure to place it in your terminal's terminal_data_folder/MQL5/Indicators/ directory. Once that’s done, you’ll be all set to take advantage of this powerful tool.
Figure 1. Background Candle StepMA Stochastic Indicator
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