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3 MA Zone Candle Colors
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=75940
Forum: 17 · Topic 75940 · 4 post(s)
3 MA Zone Candle Colors
Apprentice · Fri May 16, 2025 4:05 pm
How it works: The user defines three moving averages (any method: MVA, EMA, LWMA…).
For each candle, the indicator:
Compares the close price to the values of the three MAs.
Sorts the MAs from lowest to highest.
Determines the candle’s zone:
Below all MAs → Zone 1 → Red
Between lowest and middle MA → Zone 2 → Orange
Between middle and highest MA → Zone 3 → Blue
Above all MAs → Zone 4 → Green
The candle body is painted in the color of the zone it falls into.
Customization: Period and method for all 3 moving averages
Candle color for each of the 4 zones
Visual Result: This gives a quick and intuitive view of:
Whether price is weak (below all MAs),
Ranging (between MAs),
Or strong (above all MAs).
Re: 3 MA Zone Candle Colors
Mahadeo1806 · Sat Jul 19, 2025 12:43 pm
Res sir can we make indicator for mt4 and mt5
Thanks in advance
Re: 3 MA Zone Candle Colors
Apprentice · Tue Jul 22, 2025 5:39 am
We have added your request to the development list. Development reference 469
Re: 3 MA Zone Candle Colors
Apprentice · Sun Jul 27, 2025 1:11 pm
MT4/MT5 versions https://fxcodebase.com/code/viewtopic.p … 46#p160046