i4 GoldenLionTrend v3

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i4 GoldenLionTrend v3 [ ru | cn ]
Author: goldenlion (2008.06.13 08:47)
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i4 GoldenLionTrend v3 1
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i4 GoldenLionTrend v3 3
The indicator shows the trend.

Candlesticks are colored in four different colors according to the trend strength.

It can be used as a code example for candlesticks colored in four different colors according to the trend strength.

3 comments  To post a new comment, please log in or register

Correct me if i am wrong,so the assumption is Red is strong down trend,light red is downtrend,blue is strong trend and light blue is uptrend?

2nd qns

Is it possible to change the histogram into arrows instead because i want to see the exact candlestick that is formed as the histogram will block the wicks and the body of the candlestick.

 

Thanks

15.09.2010 19:46 aklight85

puncher wrote:
1/. What timeframe does it work?

2/. What is the meaning each of candle colour?

- indi based on BBands (std.deviation levels 2;1);

-colors mean: the stronger the move - the darker the color;

and: -  indicator works on all timeframes.

i4 GoldenLionTrend v3 4

16.06.2008 08:00 fxxx

Hello,

I have a few questions to you:

1/. What timeframe does it work?

2/. What is the meaning each of candle colour?

Regards,

Puncher (POLAND)

 

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