A usual Bears Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram. Additionally, smoothing of the resulting indicator is performed.
The indicator uses SmoothAlgorithms.mqh library classes (copy it to
MT5 Indicator – Download Instructions
ColorBears Metatrader 5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
ColorBears Metatrader 5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install ColorBears Metatrader 5 Indicator.mq5?
- Download ColorBears Metatrader 5 Indicator.mq5
- Copy ColorBears Metatrader 5 Indicator.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on ColorBears Metatrader 5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ColorBears Metatrader 5 Indicator.mq5 is available on your Chart
How to remove ColorBears Metatrader 5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator:
ColorBears Metatrader 5 Indicator