DOWNLOAD - colour candles cross MA

DOWNLOAD - colour candles cross MA.  

This Indicator draws different sets of colored candles above and below a Moving Average (MA) line. This is a powerful yet very simple coloured candles indicator. It works based on simple moving average crosses or price above/below moving average. 

Simply BUY when the candles are BLUE, and SELL when the candles are RED. Close order when the candles change colour, or place a trailing stop. 

All one has to do is analyze it visually in history several days/weeks/months back. 

You should put a trailing stop, and the bigger the timeframe used, the bigger the profit over loss, and adjust the ‘period’ ‘period2’ values to e.g, 7,35 , you will see that there are few losing coloured candles, and most break even, usually after peaking above/below (trailing stop, remember to grab these peaks), the rest are huge gains, so the overall calculation is a profit.

If you want to try Color Candles cross MA indicator at your own risk.

DOWNLOAD - colour candles cross MA, click HERE.