Candle Range MetaTrader Indicator - MetaTrader 4 Script - MT4/MT5 Resources
Candle Range MetaTrader Indicator — is a very simple and lightweight indicator that displays the range of a candle in pips on mouseover. Additionally, it has the option to display the body size of the candle (open/close) in addition to the high/low range. Several display parameters are available to control the appearance of the indicator. This indicator is available for MT4 and MT5 versions of the trading platform.
Attachment download
📎 candlerange.mq4 (4.06 KB)
Source: MQL5 #55114
Candle Range MetaTrader Indicator - MetaTrader 4 Script Usage and Screening Advice
Candle Range MetaTrader Indicator - MetaTrader 4 Script is a resource 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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