Mastering the Background MA Rounding Candle Indicator for MetaTrader 5

Mike 2015.11.04 16:38 18 0 0
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If you're looking to enhance your trading strategy, the MA Rounding Candle indicator is a game changer. This nifty tool visualizes higher timeframe candlesticks as color-filled rectangles using DRAW_FILLING buffers, making it easier for you to spot trends at a glance.

Now, depending on the direction of the candlestick, you'll notice that the body gets a nice touch of color—sky-blue for bullish candles and purple for bearish ones. The shadows are painted in soft hues of light plum or pale blue, respectively, adding a visually appealing element to your charts.

To get started, you'll need the compiled files for the MA_Rounding_Candle.mq5 and MA_Rounding.mq5 indicators. Make sure to drop these into your <terminal_data_folder>\MQL5\Indicators\ directory to get it up and running.

Fig.1. The Background_MA_Rounding_Candle_HTF indicator

Fig.1. The Background_MA_Rounding_Candle_HTF indicator

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