If you're trading with MetaTrader 5, you might want to check out the ColorLine indicator. This handy tool displays a moving average line right on your chart, helping you make better trading decisions.
The ColorLine isn’t just your standard moving average; it offers a unique twist by changing colors based on market activity. Each color represents the price movement over the last 100 bars, and the line's color updates every 5 ticks. You can choose from three different color schemes to suit your trading style.
ColorLine, Color Scheme 1
ColorLine, Color Scheme 2
ColorLine, Color Scheme 3
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