Candle Body Size Indicator Mt4
I d like to ask you to make an indicator that can measure whole space between exponential ma 200 and high in uptrend or low in downtrend of the candle in real time and show this space in points or pips.
Candle body size indicator mt4. The candle pip range indicator for metatrader 4. Best zigzag forex indicator for mt4 download free. For example if there are two candles in a sequence and the requirement is for the second candle high and low to be fully engulfed by the body of the first candle adding a tolerance value will allow the high or low of the second candle to be outside the body of the first candle by the specified tolerance amount.
If you are tired of manually measuring candle ranges with the measuring tool in metatrader 4 or with your calculator this indicator will help. The tolerance is used to soften the candlestick rules. Drop down options of medium large and small size.
Open mql4 folder and open the indicators folder. This indicator draws a bullish and bearish vertical line inside a candle whenever the size of a candle body exceeds the minimum size specified in the input. The indicators that i could get working were ranked by their ability to identify strong reversal patterns.
This is to avoid having multiple alerts for the same candle. Many of the indicators i tested were junk. Choose the color of your choice.
Now i m using indicator called size of the candle body which attached here but i d. Now paste the candle body size ex4 and candle body size mq4 files into indicators folder and restart the metatrader 4. Go to file menu in mt4 trading platform and click open data folder.
Candle body size indicator mt4. The best candlestick pattern indicator for mt4. If your work costs money i ll pay.
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