What is Decision Candles Colored?
Decision Candles Colored is an MT5 custom-candle display that changes candle colors according to body-to-range percentage.
Its only documented control is Decision Candle Body/range Percentage, with a source default of 50.0. Higher values qualify fewer candles for the color change.
How to use Decision Candles Colored
Add the indicator to an MT5 chart and compare the recolored candles with the visible body size and full candle range.
Adjust the 50.0 threshold to change the qualification level. The setting changes the display rule; it does not establish an entry or exit condition.
Where it helps
Candles meeting the configured body-to-range threshold receive the color change.
The indicator has one 50.0 percentage control.
The colored candles can be reviewed with their own highs, lows, and surrounding price action.
MT5 Indicator Parameters
The table below lists the available MT5 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Decision Candle Body/range Percentage | Sets the candle body percentage that triggers a color change. The default is 50.0; higher values qualify fewer candles. Default: 50.0. |
The screenshot above shows the default input parameters in the MT5 settings window.
How to Install .ex5 Indicator in MetaTrader 5
- Download the ZIP file and extract it.
- In MT5, select File → Open Data Folder.
- Open MQL5 → Indicators and copy the EX5 or MQ5 file into it.
- If the package includes library files, copy them to MQL5 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT5, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
