ExCandles2 - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
The ExCandles-v2 indicator uses arrows to display candlestick combinations on the chart. This indicator is an enhanced version of candles .
Indicator input parameters:
Supported candlestick patterns:
If anyone is wondering why almost all combinations are set up for bullish and bearish engulfing , I can say that this combination is the most common and there is nothing wrong here.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on January 15, 2007.
Attachment download
📎 excandles2.mq5 (22.42 KB)
Source: MQL5 #502
ExCandles2 - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
ExCandles2 - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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