Candle Shadow Percent - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator looks for candlesticks with minimum or maximum shadow size. Limitations on the size of the candlestick body.
Based on the upper shadow search example, set the size of the upper shadow to the MAXIMUM size. In other words, we are looking for an upper shadow that does not exceed the specified MAX value:
Expert Advisors based on this indicator are available here: Candle Shadow Percent .
Attachment download
📎 candle_shadow_percent.mq5 (12.16 KB)
Source: MQL5 #17939
Candle Shadow Percentage - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Candle Shadow Percent - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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