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- Trading Robots
- Metatrader 5
- Volume Indicator
- Candles Delta Painter MT5
Candles Delta Painter MT5
Easy Rating: 0/0
MQL Rating: 0/0
Type:
Live
Leverage:
100
Deposit:
15600$
Balance:
15600$
Profit:
0$
Withdrawal:
0$
Last trade: 10 Mar 2025
ExnessCY-LP_Real1
Live
10000
12170.08
1819.5(19.45%)
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REAL-TIME ROBOT STATS
Candles Delta Painter MT5: See Live Profit & Drawdown
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Overview
So, you stumbled upon Candles Delta Painter MT5 — a flashy name that promises colorful candles revealing volume secrets. But does it stand up to the hype or is it just a pretty face without substance? Developed by a fairly high-rated author yet with zero ratings on this particular gem, it’s like having a celebrity chef suddenly launching a new dish no one’s tasted yet. Sure, it colors candles based on volume delta using ticks and deals tape, but with no reviews or chatter, one has to ask: are traders too cautious or just not impressed? Let’s dissect this colorful mystery and see if this tool deserves a spot on your chart or if it’s just another pretty palette to ignore.
🎨 What Is Candles Delta Painter MT5? – A Visual Twist on Market Volume
The Candles Delta Painter MT5 is no ordinary volume indicator—it transforms raw tick data and deal tapes into a visually striking candle color palette that instantly shows the tug-of-war between buyers and sellers. 🕯️ By coloring each candle relative to volume delta, it provides a quick glance into market psychology, ideal for traders who want to see the story behind price moves without wading through complicated charts. But beware: its effectiveness hinges on the quality of your broker’s tick history, making it prone to data inconsistencies in illiquid markets.
This indicator specializes in volume delta visualization, a powerful tool for volume analysis and market depth layering, offering intuitive buy versus sell pressure distinctions. Yet, don’t expect miracles—it’s a volume-based overlay, not a standalone trading system. 📉 Treat it as a complementary piece in your technical analysis toolkit, not a guaranteed signal generator. Understanding how it paints these candles through tick data or deal tape is crucial to avoid overtrading on misleading signals. Using this tool with effective risk management and confirmation strategies will be the real key to unlocking its potential. 🚦
⚙️ How Does It Work? Breaking Down the Delta Magic
The core calculation of Candles Delta Painter MT5 hinges on dissecting the tick history or Time And Sales data, segmenting market activity into buying and selling volumes. Each ascending tick is treated as a unit of buy volume, while descending ticks count as sell volume. This granular approach allows the indicator to visualise the often overlooked microstructure of price action, providing traders with an informative volume delta overlay that can highlight where the market’s true pressure points lie. ⚙️ The ability to select between ‘Tick’ mode—based on raw tick data—and ‘Real’ mode—which uses the deals tape history, gives users flexibility depending on their instrument and data reliability.
Beyond just coloring candles by delta sign, the system enhances clarity by adjusting the candle color contrast relative to the background, improving readability even in fast-moving markets. Another key input is the ProfileStep parameter, which determines the thickness of delta clusters within the displayed profile, allowing traders to customize the level of detail they want to see. 🎛️ The dynamic visualization creates a volume profile within user-defined vertical boundaries, presenting volume delta clusters that visually echo candle coloration. This layered approach to volume and price interaction offers insights difficult to glean from price alone, making it a useful companion to strategies that rely on ‘volume analysis’. Yet, the quality of this ‘volume delta indicator’ relies heavily on clean data feeds—a common caveat in Forex volume tools scenarios. 📊
📊 Putting It to the Test: User Feedback and Reliability Check
The real test for any indicator lies in its adoption and results from the trading community. Unfortunately, Candles Delta Painter MT5 currently has a zero rating and almost no user reviews or comments to analyze, which is a red flag for professional traders seeking validated tools. 🔍 Without community feedback, it’s difficult to verify the developer’s claims about accuracy in volume delta painting or the robustness of its tick data processing. This scarcity suggests either the product hasn’t gained significant traction or traders are hesitant to rely fully on it without proven results.
Moreover, the tool’s heavy dependency on tick and deal tape data from brokers introduces variability in performance. Volume data quality varies widely across trading platforms, impacting the reliability of this indicator’s signals. 🛠️ For those familiar with forex volume tools, this is a well-known pitfall, and without independent testing or multiple real-world testimonials, traders should approach Candles Delta Painter MT5 cautiously. Consider it as an experimental addition rather than a core component of your strategy, while awaiting broader validation from the ‘trading volume’ community. 💡
🔍 Deep Dive: Technical Strengths and Potential Weaknesses
Candles Delta Painter MT5 stands out technically by avoiding repainting issues, a common plague in volume-based indicators, ensuring that once a candle closes its color is final. This stability combined with smooth recalculations synced to candle closure enhances reliability for volume analysis and ‘market depth layering’. 🧩 These features help traders gain clarity in volatile markets where accurate, real-time insights are critical. Moreover, the adjustable contrast and profile visualization add a layer of customization rarely seen in similar volume delta indicators.
However, the indicator’s Achilles’ heel is its total reliance on broker-provided tick data quality. Variability in this data can drastically skew volume delta readings, possibly misleading traders who lack secondary confirmation tools. 🚧 Additionally, the current limited user base and lack of robust feedback mean its performance under diverse market conditions remains unproven. Traders should approach it as a ‘market volume tools’ experiment and not a silver bullet, blending it cautiously into their multi-indicator systems. ⚡
⚔️ Battle of the Volume Indicators: Comparison with Similar Strategies
Compared to other volume delta tools like the Cumulative Delta MT5 and Volume Delta Candles indicators, Candles Delta Painter MT5 offers a distinctly visual approach by coloring candles based on delta volume with contrast adjustments. While Cumulative Delta MT5 focuses on aggregating buying and selling pressure over time and Volume Delta Candles highlight volume imbalances per candle, Candles Delta Painter MT5’s strength lies in its intuitive candle colorization paired with a delta profile. 🎯 However, unlike these indicators, it lacks advanced filtering or smoothing mechanisms, potentially making it noisier in volatile markets.
When stacked against EASY Bots’ AI-powered trading robots, the contrast becomes starker. EASY Bots employ multi-strategy predictive models blending artificial intelligence with proven technical layers, resulting in highly adaptive and profitable systems. 🤖 Candles Delta Painter MT5 remains a single-dimensional volume indicator—valuable for ‘volume analysis’ but not a standalone ‘trading strategy’. Traders aiming for consistent profits may prefer EASY Bots’ holistic approach over manual interpretation of colored delta candles. Nevertheless, Candles Delta Painter MT5 can work well as an ancillary tool in a diversified trading setup. 📈
💡 Trader’s Take: Verdict on Candles Delta Painter MT5’s Place in Your Toolbox
The Candles Delta Painter MT5 is an intriguing tool for traders who love to customize and analyze ‘market volume’ visually, but it does not deliver the all-in-one solution many seek. 🧐 Its innovative approach to candle coloring by delta is clever, yet the absence of user reviews and a zero rating expose its current standing as an experimental or niche instrument rather than a polished trading powerhouse. Expect to invest time in learning and interpreting its signals—this is not a plug-and-play ‘volume analysis’ fix.
For serious traders chasing consistent edge, relying solely on this indicator would be a mistake. Instead, treat it as a complementary tool to your broader strategy, especially alongside more established, AI-backed trading systems like EASY Bots. 🤖 We encourage users to download the free code samples, test the indicator thoroughly, and share honest feedback to build a more transparent evaluation. Your input could be vital in refining or validating its role within the crowded field of forex volume tools. 💬
🤝 About FxRobotEasy Team – Your Partners in Finding the Right Strategy
We at FxRobotEasy Team are your reliable compass in the overwhelming world of trading systems and volume analysis. 🌐 Our mission is crystal clear: provide honest broker ratings, eliminate hype, and offer actionable insights with the help of our proven EASY Bots driven by EASY Trading AI. Beyond robotic trading, we share forex forecasts, crypto and stock signals and maintain dynamic forums and Telegram channels where traders connect and debate real strategies. Join our community to cut through the noise and discover genuine trading volume tools and strategies.
We invite you to share your experiences with Candles Delta Painter MT5, helping others avoid false promises and make informed choices. 📊 To empower traders even further, we offer free access to source code samples, nurturing transparency and deeper understanding. Whether you’re a novice or a seasoned professional, trusting data-driven insights and reliable reviews will keep your trading edge sharp in the ever-volatile markets. 🤝
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AI strategy: low risk, high return
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Continuous optimisation and fine-tuning of algorithms
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Powerful backend infrastructure
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Forex/Crypto/Metall support
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Free version of trading robot
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Installation in MT5 in a couple of clicks
EASY Scalperology Bot
Update: 10 Mar 2025
Trading Conditions by EASY Scalperology Bot
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot
Profit:
0%
AVG Daily:
-7.44$
Deposit:
10000$
WithDrawal:
-929$
Current Balance:
15245.05$
Profit:
4936.88$
Trading Conditions by Candles Delta Painter MT5
Leverage:
100
Account type:
Live
Profitable by Candles Delta Painter MT5
Profit:
0%
AVG Daily:
0$
Deposit:
15600$
WithDrawal:
0$
Current Balance:
15600$
Profit:
0$
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