Vector Candles Indicator
Introduction to Indicator Settings
The Vector Candles Indicator for MetaTrader 5 (MT5) is very configurable, permitting merchants to customise its conduct, visuals, and options by means of a complete set of enter parameters. These settings management elements resembling volume-based candle coloring, Exponential Shifting Averages (EMAs), Level of Management (POC), pivot ranges, every day reference traces, labels, alerts, and an on-chart legend. All inputs are outlined on the prime of the indicator code and may be adjusted by way of the MT5 indicator properties dialog when attaching it to a chart.The parameters are grouped beneath by class for readability. Every entry consists of the parameter identify, information sort, default worth, and an in depth description of its function and influence. Word that boolean parameters (true/false) toggle options on or off, whereas integers and doubles management numerical values like durations or multipliers. Colours are chosen from MT5’s predefined coloration palette.
Quantity and Candle Coloring Settings
These parameters govern the core quantity evaluation that determines candle colours based mostly on tick quantity comparisons.AvgPeriod (int, default: 20)
Specifies the variety of earlier bars used to calculate the common tick quantity (excluding the present bar). The next worth smooths the common, making it much less delicate to latest fluctuations, whereas a decrease worth makes it extra reactive. This impacts how typically candles are labeled as “above common” or “climax.”
ClimaxMultiplier (double, default: 2.0)
The multiplier utilized to the common quantity to outline a “climax” threshold. For instance, if set to 2.0, a bar’s quantity should exceed twice the common to be coloured as a climax candle (lime for up, pink for down). Rising this worth makes climax detections rarer and extra important.
The legend offers an on-chart rationalization of candle colours and their buying and selling implications.ShowLegend (bool, default: true)
Toggles the show of the legend within the top-left nook of the chart. When enabled, it exhibits coloured examples and descriptions for the six candle varieties (e.g., “Climax Up: The development ought to return right down to the beginning of the candle.”).
LegendX (int, default: 20)
Units the horizontal (X-axis) distance in pixels from the top-left nook for the legend’s place.
LegendY (int, default: 20)
Units the vertical (Y-axis) distance in pixels from the top-left nook for the legend’s place.
TitleFontSize (int, default: 10)
Defines the font measurement for the legend’s title (“Vector Candles Legend”).
ItemFontSize (int, default: 8)
Defines the font measurement for the legend objects (candle varieties and descriptions).
DetailXOffset (int, default: 100)
Units the horizontal pixel offset for the detailed descriptions subsequent to every legend merchandise, permitting house for the coloured squares and names.
DetailTextColor (coloration, default: clrDarkOrange)
Specifies the colour for the descriptive textual content within the legend (e.g., “- The development ought to return down…”).
These management the show and styling of the six Exponential Shifting Averages (EMAs), that are plotted as traces on the chart.EMA13_Width (int, default: 2)
Units the road width for the 13-period EMA (pink by default).
EMA20_Width (int, default: 2)
Units the road width for the 20-period EMA (orange by default).
EMA50_Width (int, default: 2)
Units the road width for the 50-period EMA (dodger blue by default).
EMA100_Width (int, default: 2)
Units the road width for the 100-period EMA (violet by default).
EMA200_Width (int, default: 2)
Units the road width for the 200-period EMA (gold by default).
EMA800_Width (int, default: 2)
Units the road width for the 800-period EMA (olive drab by default).
ShowEMA13 (bool, default: true)
Toggles the visibility of the 13-period EMA line and its label (“13”).
ShowEMA20 (bool, default: true)
Toggles the visibility of the 20-period EMA line and its label (“20”).
ShowEMA50 (bool, default: true)
Toggles the visibility of the 50-period EMA line and its label (“50”).
ShowEMA100 (bool, default: true)
Toggles the visibility of the 100-period EMA line and its label (“100”).
ShowEMA200 (bool, default: true)
Toggles the visibility of the 200-period EMA line and its label (“200”).
ShowEMA800 (bool, default: true)
Toggles the visibility of the 800-period EMA line and its label (“800”).
These parameters handle the Level of Management (POC) calculation and show, which identifies the value stage with the very best estimated quantity.ShowPOC (bool, default: true)
Toggles the show of the POC horizontal line and label (“POC”).
POC_Bars (int, default: 100)
Defines the variety of latest bars used to calculate the POC. A bigger worth offers a broader historic view however might gradual computation on decrease timeframes.
POC_Color (coloration, default: clrCadetBlue)
Units the colour of the POC line and label.
POC_Width (int, default: 2)
Units the width of the POC line.
POC_Display_Bars (int, default: 50)
Specifies the variety of bars over which the POC line is drawn (from the fitting facet of the chart). This limits the road’s size for higher visibility.
Pivot and Midpoint Settings
These management the every day pivot factors (R1-R3, S1-S3) and midpoints (M1-M4), calculated from yesterday’s information.ShowPivots (bool, default: true)
Toggles the show of pivot ranges (R1-R3 resistances, S1-S3 helps) as horizontal traces with labels.
ShowMidpoints (bool, default: true)
Toggles the show of midpoint ranges (M1-M4) as horizontal traces with labels.
Pivot_Display_Bars (int, default: 30)
Units the variety of bars over which pivot and midpoint traces are drawn (from the fitting facet of the chart).
Resistance_Color (coloration, default: clrRed)
Defines the colour for resistance traces (R1-R3) and associated midpoints (M1-M2).
Support_Color (coloration, default: clrLime)
Defines the colour for help traces (S1-S3) and associated midpoints (M3-M4).
Pivot_Line_Width (int, default: 1)
Units the width for all pivot and midpoint traces.
Day by day Reference Line Settings
These handle the horizontal traces for the present day’s open, excessive, and low.ShowDailyOpen (bool, default: true)
Toggles the show of the every day open line and label (“Day by day Open”).
DailyOpen_Color (coloration, default: clrYellow)
Units the colour of the every day open line and label.
DailyOpen_Width (int, default: 1)
Units the width of the every day open line.
ShowDailyHigh (bool, default: true)
Toggles the show of the present every day excessive line and label (“Present Day by day Excessive”).
DailyHigh_Color (coloration, default: clrAqua)
Units the colour of the every day excessive line and label.
DailyHigh_Width (int, default: 1)
Units the width of the every day excessive line.
ShowDailyLow (bool, default: true)
Toggles the show of the present every day low line and label (“Present Day by day Low”).
DailyLow_Color (coloration, default: clrAqua)
Units the colour of the every day low line and label.
DailyLow_Width (int, default: 1)
Units the width of the every day low line.
Daily_Display_Bars (int, default: 30)
Specifies the variety of bars over which every day traces are drawn (from the fitting facet of the chart).
These management how far to the fitting (in bars) labels are positioned from the newest bar, stopping overlap with worth motion.EMA_Label_Offset (int, default: 5)
Units the bar offset for all EMA labels (e.g., “13” subsequent to the EMA 13 line).
POC_Label_Offset (int, default: 12)
Units the bar offset for the POC label.
Pivot_Label_Offset (int, default: 22)
Units the bar offset for pivot and midpoint labels (e.g., “R1”).
Daily_Label_Offset (int, default: 10)
Units the bar offset for every day line labels.
These allow notifications for climax candles, which can sign potential reversals.AlertOnClimax (bool, default: false)
Toggles alerts for climax candles (high-volume bars). When enabled, an alert triggers on the shut of such a bar.
AlertPopup (bool, default: false)
Permits pop-up alerts in MT5 for climax occasions.
AlertEmail (bool, default: false)
Permits electronic mail alerts (requires MT5 electronic mail setup) for climax occasions.
AlertMobile (bool, default: false)
Permits cellular push notifications (requires MT5 cellular setup) for climax occasions.
