• Color Candles

Color Candles

This indicator changes the color of your candles to show the degree to which they are overbought or oversold. They may be used on any Time Frame and alerts may be set on the color changes.

Color Candles can be used for determining the health of a Bullish or Bearish Trend and to identify areas of Support and Resistance. They can also be used to help find trend reversals and divergences. Last version of the indicator have build-in market divergences detector.

There are 6 candle Colors in all

3 for OverBought

Yellow represents Super OverBought

Lime Green represents  OverBought

Green represents Slightly OverBought

3 for OverSold

Red represents Slightly OverSold

Dark Red represents OverSold

White represents Super OverSold

Support and Resistance Levels

These Colored Candles can be used to identify levels of Support and Resistance by simply drawing a horizontal line off the close of the last Highest or Lowest Colored Candle in a run.

Draw the line off of the bottom of a White Candle body and the top of a Yellow Candle body.

Detailed user manual can be found here

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Color Candles

  • Product Code: Color Candles
  • Availability: In Stock
  • $79.99

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