ThreeCandles - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources

Real author : Thor

This three candle indicator features alerts, emails, and push notifications.

This indicator analyzes candlesticks and tries to find possible reversal points - patterns. Once a possible spot is found, the indicator sounds an audible alarm and sends an email and notification to your smartphone.

Literally, the conditions are as follows:

In addition to analyzing candlesticks, the indicator also analyzes the volume of price changes - increases, decreases and the size of the first candlestick. If the size of the first candlestick in the pattern exceeds the pip value specified in the settings, the Volume Analyzer will close.

The indicator is presented in the form of colored candlesticks. If the candle is in the direction of the trend, the color is bright; if the candle is against the trend, the color is pale.

The indicator was first implemented in MQL4 and published in the code base on October 4, 2016.

Figure 1. Three Candlestick Indicator

Attachment download

📎 threecandles.mq5 (28.95 KB)

Source: MQL5 #17676