Basic Candlesticks MT4 - MetaTrader 4 Script | Forex Indicators Download - MetaTrader 4 Resources
Basic Candlesticks MetaTrader Indicator — is an automatic indicator that detects and marks underlying candles on the chart. A base candle is a candle whose real body length is less than 50% of its high and low range. The indicator highlights underlying candles directly in the platform's main chart using histogram lines (in MT4) or custom candles (in MT5). The percentage criteria can be changed via input parameters. You can also turn on alerts when new underlying candles appear.
Attachment download
📎basing_candlesticks.mq4 (7.95 KB)
Source: MQL5 #55350
Basic Candlestick MT4 - MetaTrader 4 Script | Forex Indicator Download - MetaTrader 4 Resource Usage and Screening Suggestions
Basic Candlestick MT4 - MetaTrader 4 Script | Forex Indicator Download - MetaTrader 4 resources are resources related to Forex indicators. 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 on titles or short-term profit descriptions.
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