Free Download DailyChamaleon MT5
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IndicatorFree Download DailyChamaleon MT5 v1.0.0
Indicator · MT5 v1.0.0

Indicator · MT5 Free resource

Free Download DailyChamaleon MT5

Free download DailyChamaleon for MetaTrader MT5. DailyChameleon colors your chart's candles depending on whether price is trading above or below today's opening price — like a chameleon changing color with its surroundings. Only the...

DeveloperJuan Camilo Meza Novoa
Version
1.0.0
Platform
MT5
Downloads
738
Views
703
Updated
Sep 15, 2026
Delivery
Direct download
Package
MT5 Package
Download Now Installation guide
Click Download Now to fetch the package safely.

A closer look.

DailyChamaleon is a high-performance technical indicator developed for MetaTrader MT5 charting and market analysis.

DailyChameleon colors your chart's candles depending on whether price is trading above or below today's opening price — like a chameleon changing color with its surroundings. Only the current day's candles are colored; previous days keep the chart's native style, so your historical view stays clean. Key features: Colors the body, wick and border of each candle based on whether it closes above (bullish) or below (bearish) today's open. Live counter showing how long it's been since price last cros

Engineered for clear visual feedback and zero-lag signal calculation, this indicator helps traders identify optimal entries, reversals, and market structure on both live and demo charts.

Features & Highlights

  • Technical Accuracy: Built around Indicators with real-time multi-timeframe validation.
  • Non-Repainting Signals: Clean confirmation on bar close to prevent misleading arrows or false triggers.
  • Zero-Lag Calculation: Optimized mathematical algorithms with low CPU usage on MetaTrader MT5.
  • Flexible Configuration: Customizable calculation periods, visual colors, and alert notifications (Sound, Push, Pop-up).

Resource specifications

Resource type
Indicator
Developer
Juan Camilo Meza Novoa
Compatibility
MT5
Requirements
MetaTrader MT5 Terminal, any Forex/Commodity/Crypto instrument, compatible with all standard timeframes.

Installation

  1. Click the Download Now button to obtain the MT5 indicator file from our verified channel.
  2. In your MetaTrader MT5 client, open File > Open Data Folder.
  3. Navigate to MQL5\Indicators and paste the downloaded file.
  4. In the Navigator window, right-click Indicators and choose Refresh (or restart your terminal).
  5. Drag the indicator onto your desired chart and configure your preferred input parameters.

Before you trade

Expert Advisors, indicators, and tools do not guarantee trading results. Test carefully before using any resource in live trading.

Read the risk disclosure

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