ColorBearsGap Metatrader 5 Forex Indicator displays the price gaps of the candlestick chart of the ColorBearsCandle. Such gaps often anticipate the continuation of a short-term trend of the price movement. It should be noted that a new bar of this indicator’s histogram appears when fully formed bars change and is ready for the analysis right after it appears.
The indicator uses SmoothAlgorithms.mqh library classes (copy it to MQL5Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
ColorBearsGap MT5 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 5
ColorBearsGap HTF – it is a MetaTrader 5 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install ColorBearsGap indicator for MetaTrader 5.mq5?
Download indicator for MetaTrader 5.mq5Copy ColorBearsGap to Directory / experts / indicators /
Start or restart your Metatrader 5 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
Right click on ColorBearsGap for MetaTrader 5.mq5
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 5.mq5 is available on your Chart
How to remove ColorBearsGap Indicator for MetaTrader 5.mq5 from your Metatrader 5 Chart?
Select the Chart where is the Indicator running in your Metatrader 5 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete.
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