LBR Paint Bars indicator draws color candles depending on a trend direction. The trend is defined by the location of two volatility lines. A color cloud histogram is displayed along these two lines.
It has four inputs:
- Factor – ATR share in the cloud width calculation
- ATR period – ATR calculation period
- HL period – cloud borders calculation period
- Color Candles – display color candles (Yes/No)
MT5 Indicators – Download Instructions
LBR Paint Bars MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
LBR Paint Bars MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
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How to install LBR Paint Bars MT5 Indicator.mq5?
- Download LBR Paint Bars MT5 Indicator.mq5
- Copy LBR Paint Bars MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on LBR Paint Bars MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator LBR Paint Bars MT5 Indicator.mq4 is available on your Chart
How to remove LBR Paint Bars MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download: