Candle_Ratio - indicator for MetaTrader 5

Candle_Ratio – indicator MetaTrader 5

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The indicator shows the ratio between bullish and bearish candlesticks over the specified period.

The indicator has three input parameters:

  • Period – calculation period
  • Smoothing period – the period of smoothing
  • Method – the method of smoothing

Calculation formula:

Up Candle

Up=close-open;
Down =0;


Down Candle

Down=open-close;
Up = 0;
Ratio = Sum(Up) / Sum (Down);


Candle_Ratio – indicator MetaTrader 5
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