From TradersList Editors

From TradersList Editors

Visually identify trend strength and direction with color-coded candlesticks using the innovative ColorKeltnerCandles indicator.

Visually identify trend strength and direction with color-coded candlesticks using the innovative ColorKeltnerCandles indicator.

MetaTrader Indicator

MetaTrader Indicator

ColorKeltnerCandles Indicator for MetaTrader: Trend Strength Visualization with Five Keltner Channels

ColorKeltnerCandles Indicator for MetaTrader: Trend Strength Visualization with Five Keltner Channels

MetaTrader price chart featuring the ColorKeltnerCandles indicator where price bars appear in shades of green and lime during upward trends or red pink and brown during downward trends. Five symmetrical Keltner channels overlay the price action to determine color brightness based on deviation breaches.

by godzilla on MetaTrader

MetaTrader price chart featuring the ColorKeltnerCandles indicator where price bars appear in shades of green and lime during upward trends or red pink and brown during downward trends. Five symmetrical Keltner channels overlay the price action to determine color brightness based on deviation breaches.

by godzilla on MetaTrader

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Indicator

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MetaTrader

MetaTrader

Price Action

Price Action

ColorKeltnerCandles

ColorKeltnerCandles

ColorKeltnerCandles is a MetaTrader indicator that uses five Keltner channels with varying deviations to color candlesticks based on trend strength and direction.

ColorKeltnerCandles is a MetaTrader indicator that uses five Keltner channels with varying deviations to color candlesticks based on trend strength and direction.

Get on MetaTrader

This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

Get on MetaTrader

This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

🔑

Open Source

Listing has publically available source code that can be audited and modified as needed.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

💸

Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

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Trusted Publisher

Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.

🥇

Trusted Publisher

Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.

Published by godzilla on MetaTrader

Published by godzilla on MetaTrader

Keltner Channels for Trend Strength Coloring

This indicator overlays five Keltner channels with different deviation settings on the chart and colors each candlestick based on its position relative to these channels. Candles in the outer channels receive stronger colors indicating extreme trend strength, while candles near the center receive neutral colors indicating consolidation.

Five Channels for Granular Trend Grading

Using five channels instead of one provides a gradient of trend strength. A candle beyond the outermost channel represents an extremely extended move, while a candle between the first and second channel represents moderate momentum. This granular grading helps traders distinguish between mild trends and powerful moves worth trading.

Keltner Channels for Trend Strength Coloring

This indicator overlays five Keltner channels with different deviation settings on the chart and colors each candlestick based on its position relative to these channels. Candles in the outer channels receive stronger colors indicating extreme trend strength, while candles near the center receive neutral colors indicating consolidation.

Five Channels for Granular Trend Grading

Using five channels instead of one provides a gradient of trend strength. A candle beyond the outermost channel represents an extremely extended move, while a candle between the first and second channel represents moderate momentum. This granular grading helps traders distinguish between mild trends and powerful moves worth trading.

Visual Simplicity for Fast Decisions

By encoding trend information directly into candlestick colors, the indicator eliminates the need to visually parse channel boundaries. A quick glance at the chart reveals the trend state - deep color saturation means strong momentum, faded colors mean weakening. This is particularly useful for scalpers who need instant visual feedback.

Combining Keltner Signals With Price Action

Candles that push into the outer channels and then change color signal potential exhaustion and reversal. A deep red candle at the lower channel edge that switches to a neutral color suggests selling pressure is fading. Traders use these color transitions at key support and resistance levels to time reversal entries with Keltner-based confirmation.

Visual Simplicity for Fast Decisions

By encoding trend information directly into candlestick colors, the indicator eliminates the need to visually parse channel boundaries. A quick glance at the chart reveals the trend state - deep color saturation means strong momentum, faded colors mean weakening. This is particularly useful for scalpers who need instant visual feedback.

Combining Keltner Signals With Price Action

Candles that push into the outer channels and then change color signal potential exhaustion and reversal. A deep red candle at the lower channel edge that switches to a neutral color suggests selling pressure is fading. Traders use these color transitions at key support and resistance levels to time reversal entries with Keltner-based confirmation.

Keltner Channels based Insights into trend cycles

Keltner Channels based Insights into trend cycles

This indicator overlays five Keltner channels with different deviation settings and colors each candlestick based on its position relative to these channels. Candles in outer channels receive stronger colors indicating extreme trend strength while candles near center show neutral colors indicating consolidation.

This indicator overlays five Keltner channels with different deviation settings and colors each candlestick based on its position relative to these channels. Candles in outer channels receive stronger colors indicating extreme trend strength while candles near center show neutral colors indicating consolidation.

Grade trend strength visually

Five channels provide a gradient of trend strength. Candles beyond outer channels represent extremely extended moves while inner candles indicate moderate momentum.

Cut through choppy price action

Encoding trend information directly into candlestick colors eliminates the need to parse channel boundaries, providing instant visual feedback on market state.

Identify momentum extremes

Deep color saturation at channel edges signals potential exhaustion. When colors begin to fade, momentum is weakening and reversal conditions may be forming.

Common Questions About Keltner Channel Candle Coloring

Common Questions About Keltner Channel Candle Coloring

Coloring candles based on their position within Keltner channels encodes trend strength directly into price action. These questions address how the five-channel system works and how to read color intensity.

Coloring candles based on their position within Keltner channels encodes trend strength directly into price action. These questions address how the five-channel system works and how to read color intensity.

How does the five-channel system grade trend strength?

Using five channels provides a gradient of trend strength. A candle beyond the outermost channel represents an extremely extended move while a candle between first and second channels represents moderate momentum.

What does color intensity tell me?

Deep color saturation means strong momentum while faded colors mean weakening. A quick glance at the chart reveals trend state instantly without needing to visually parse channel boundaries. This is useful for fast decisions.

How do color transitions signal potential reversals?

Candles that push into outer channels and then change color signal potential exhaustion. A deep red candle at the lower channel edge that switches to neutral suggests selling pressure is fading near a potential reversal zone.

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Web sentiment

Web sentiment

Traders online express a generally positive sentiment towards ColorKeltnerCandles, appreciating its features and adaptability, though some skepticism persists regarding review authenticity and EA reliability.

Traders online express a generally positive sentiment towards ColorKeltnerCandles, appreciating its features and adaptability, though some skepticism persists regarding review authenticity and EA reliability.

Source: Online Discussion

Source: Online Discussion

Source: Online Discussion

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TradersList Reviews (3)

TradersList Reviews (3)

TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.

TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.

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Source: TradersList Reviews

Source: TradersList Reviews

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🔑

🌐

Harmonic Pattern Finder V3 is a MetaTrader indicator that automatically identifies harmonic patterns using Fibonacci ratios and pattern matching algorithms. It offers customizable displays to reduce screen clutter, interactive pattern highlighting with detailed analytics, unified zigzag selection, statistical performance tracking and a refactored codebase for easy integration with other indicators.

MetaTrader price chart displaying the Squeeze indicator with color-coded price bars to visualize market volatility

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by mladen

Free

MetaTrader Indicator

Squeeze - on chart

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Squeeze - on chart is a MetaTrader indicator that color-codes candles or bars with potential on-going long or short squeezes, based on standard deviations.

MetaTrader chart displaying Price Heatmap indicator with color-coded price histograms and purple dotted peak lines showing time-at-price duration and market activity zones

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by fxborg

Free

MetaTrader Indicator

Price Heatmap

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Price Heatmap is a free MetaTrader indicator that visualizes price movements using heatmap style visuals to convey where, when and how long an asset spent time at various price levels. In essence, this is a rolling, dynamic market profile.

MetaTrader price chart displaying highlighted price action patterns with text labels identifying formations such as hammers, doji and evening stars

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by scriptor

Free

MetaTrader Indicator

Patterns

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Patterns is a MetaTrader indicator that automatically identifies thirty popular candlestick patterns on price charts. With 38 adjustable settings, it allows customization of pattern displaying, tooltips and detection criteria.

MetaTrader chart featuring the Tarzan Price Action Indicator with price bars and color-coded RSI lines. The central line appears green for upward signals and red for downward signals. Sky blue and orange zones define the channels while pale gray sections highlight overbought or oversold conditions.

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by scriptor

Free

MetaTrader Indicator

Tarzan

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Tarzan is a MetaTrader Indicator that visualizes RSI changes that align with price action, using simple color-coded bars and signal arrows. Multiple customziation options, like smoothed RSI and adjustable channels.

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by scriptor

Free

MetaTrader Indicator

Extreme_TMA_line_indicator

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Extreme_TMA_line_indicator is a MetaTrader Indicator that calculates price bands to identify extremes using TMA and ATR, defined by an user specified multiplier. This indicator also draws a central line that changes color based on trend direction.

MetaTrader price chart displaying the Market_Sessions indicator with color-coded rectangular zones highlighting Sydney Tokyo London and New York trading sessions

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by scriptor

Free

MetaTrader Indicator

Market_Sessions

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Market_Sessions is a MetaTrader Indicator that displays New York, London, Tokyo and Sydney trading sessions on price charts. This indicator offers customizable settings for session times, colors, labels and lines. Usable on 1 hour timeframe or lower.

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by godzilla

Free

MetaTrader Indicator

KI_signals

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KI_signals is a MetaTrader indicator that generates signals using the XMACD histogram by detecting changes in histogram and signal line directions and their intersections, displayed as colored candlesticks.

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Disclaimer

Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

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Disclaimer

Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.

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