Real power Indicator Explanation

This is a custom MetaTrader 4 (MT4) indicator called "TrendBars" that visually represents market trends using colored histogram bars based on two CCI (Commodity Channel Index) indicators.

How It Works

Indicator Setup:

It uses 8 buffers for drawing different colored bars

Creates a horizontal line object called "Close line" that tracks the current closing price

The sensitivity can be adjusted (0-3) which changes the CCI periods

CCI Calculation:

Uses two CCI indicators with different periods:

Short-term CCI (g_period_84): Period varies from 5 to 89 based on sensitivity

Long-term CCI (g_period_80): Period varies from 14 to 200 based on sensitivity

Default setting (sensitivity=2) uses CCI(8) and CCI(34)

Bar Coloring Logic:

The indicator colors the bars based on the relationship between the two CCI values:

Strong Uptrend (Blue/Violet bars):

When both CCI values are ≥ 0

Body: Blue top (g_ibuf_88), Violet bottom (g_ibuf_92)

Wicks: Blue upper (g_ibuf_104), Violet lower (g_ibuf_108)

Weak Uptrend (Gold bars):

When long-term CCI ≥ 0 but short-term CCI 0

Body: Gold top (g_ibuf_96), Gold bottom (g_ibuf_100)

Wicks: Gold upper (g_ibuf_112), Gold lower (g_ibuf_116)

Strong Downtrend (Inverted Blue/Violet bars):

When both CCI values are 0

Body: Violet top (g_ibuf_92), Blue bottom (g_ibuf_88)

Wicks: Violet upper (g_ibuf_108), Blue lower (g_ibuf_104)

Weak Downtrend (Inverted Gold bars):

When long-term CCI 0 but short-term CCI 0

Body: Gold top (g_ibuf_100), Gold bottom (g_ibuf_96)

Wicks: Gold upper (g_ibuf_116), Gold lower (g_ibuf_112)

Visual Elements:

The "Close line" (SlateBlue) shows the current price level

Histogram bars show the price action colored according to trend strength/direction

Bar widths are set to 4 pixels for good visibility

Interpretation

This indicator provides a visual representation of trend strength and direction:

Blue/Violet bars indicate strong trends (up or down)

Gold bars indicate weaker or potentially reversing trends

The horizontal line helps identify the current price level relative to the trend