The Bullish and Bearish Days indicator for Metatrader 5 adds color to the price chart, distinguishing between uptrending and downtrending trading days.
A blue color is assigned to upward price movement (bullish days), while a red color represents downward price movement (bearish days).
By simply looking at the chart, the indicator provides a visual representation of the broader market trend observed over multiple days.
The following indicator inputs can be modified to suit your preferences: bearish day color, bullish day color, and style.
Please make yourself familiar with this handy technical analysis tool and test it first on a demo account.
It supports all time frames and Forex pairs.
Download Indicator 🆓
Chart Example
The following chart shows what the Bullish and Bearish Days indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Bullish and Bearish Days Indicator?
The indicator does not issue any buy or sell trading signals.
Please create Forex signals using your trading strategy or system.
Download Now 🆓
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the ColorDay.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration