Candles

Higher timeframe candles on your chart – indicator MetaTrader 4

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Higher timeframe candles on your chart - indicator for MetaTrader 4
Author: Julien L ( I wanted to know the details of the candles. What’s happening in those H1 candles? By switching to a lower timeframe, you don’t have the same view, making it hard to understand what gives their shapes to the candles. So I’ve created this indicator, that draws candles from an higher timeframe … Read more

CustomTimeframe Candles – indicator MetaTrader 4

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CustomTimeframe Candles - indicator for MetaTrader 4
I saw lately a few trading system which require for example a 5 sec. This Indicator let you choose any time (in seconds) and generates candlesticks. Of course not real candlesticks are generated but i used histograms. actually they lookalike. Unfortunately this works only in forward mode. I recommand to make the main chart invisible, … Read more

Candles Smoothed HTF – indicator MetaTrader 5

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Candles Smoothed HTF
The indicator that displays “averaged” candlesticks of a larger timeframe at a smaller one. Smoothing transformation is applied to all elements of a price candlestick in this indicator: Open, Low, High and Close. The indicator provides a clear graphical representation of a current market trend. A color of a candlestick determines trend direction and its … Read more

Show Number Consecutive Heiken Ashi Candles – indicator MetaTrader 4

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Show Number Consecutive Heiken Ashi Candles - indicator for MetaTrader 4
Author: Daniel Frieling Many consecutive Heiken Ashi candles of the same color often indicate a soon and harsh trend reversal. This indicator shows the number of consecutive same color candles. So you can see overbought and oversold situation at first glance. Recommendations: This Indicator depends on a Heiken Ashi Indicator. Use the attached Heiken Ashi … Read more

X2MA Transform Candles – indicator MetaTrader 5

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X2MA Transform Candles
The indicator transfers the price data to the new coordinates system associated with X2MA indicator values. The distance from High, Low, Open and Close source candlestick to X2MA moving average is used in the indicator for candlesticks parameters. As a result, we have a candlestick chart altered by X2MA transformation allowing to perform all elements … Read more

MPC – Measure Popular Candles – script MetaTrader 5

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MPC - Measure Popular Candles - script for MetaTrader 5
The idea of creating the script I want to introduce you a small script “MPC – Measure Popular Candles” which measures (searches) the most frequently occurring candlesticks. This script visually displays the scale using the previously set parameters. This script displays the frequency of candlesticks which have different size of bodies and shadows. The idea … Read more