ColorBearsGap Metatrader 5 Indicator

ColorBearsGap Metatrader 5 Indicator


The 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”.


MT5 Indicator – Download Instructions

ColorBearsGap Metatrader 5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

ColorBearsGap 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 ColorBearsGap Metatrader 5 Indicator.mq5?

  • Download ColorBearsGap Metatrader 5 Indicator.mq5
  • Copy ColorBearsGap 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 ColorBearsGap Metatrader 5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator ColorBearsGap Metatrader 5 Indicator.mq5 is available on your Chart

How to remove ColorBearsGap 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:
ColorBearsGap Metatrader 5 Indicator

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