Candle Size - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources

The indicator searches the price chart for candlesticks larger than the size specified in the settings and marks them on the chart.

You can choose between two types of candlestick size measurements (units of calculation): points and percentages.

Points - Size will be calculated in points. (For five-digit quotes, one pip = 0.00001, otherwise similar)

Percent - the candlestick size will be calculated as a percentage.

You can also select the values ​​to measure (Between Levels):

High/Low - between the maximum and minimum values ​​of the candlestick.

Open/Close - between the opening and closing prices.

Upper shadow - the size of the candlestick's shadow.

Lower Shadow - The size of the lower shadow.

Select the unit of measurement as well as the level you want to measure and then use the parameters in the size definition indicator to set the desired candlestick size level.

If the indicator detects a candle with the specified parameters on the price chart, it will mark it using one of the methods selected in the settings.

Attachment download

📎 candle_size_mt4.mq4 (10.32 KB)

Source: MQL5 #53012