Display Current Candlestick Indicator (SCC) for MetaTrader 4 Download - Free - MT4/MT5 Resource

The Show Current Candlestick indicator (SCC) is one of the price action indicators in MetaTrader 4 . It shows the distance between the highest price and the lowest price in pips of the current candle. This indicator is displayed in the upper left corner of the chart and serves as a practical tool for technical analysts and traders to analyze real-time price movements .

Show current candlestick indicator table

The table below outlines the general specifications showing the current candlestick indicator.

How bullish candles work

In the daily USD/CHF chart , the current candlestick indicator displays the price movement and volatility in pips .

In this chart, the price movement was recorded as 322 pips . Traders can utilize this indicator to analyze the price movement of candles in the selected time frame and use it for market fluctuation analysis and trading decisions.

How bearish candles work

In the AUD/USD 5 minute chart , the Show Current Candle indicator calculates the price movement and shows the volatility of the current candle in a bearish trend . Price action traders can utilize this indicator to analyze price movement and provide more professional analysis for market structure and trading decisions.

Indicators set to display the current candle are as follows:

• TextPosition: Set the position of the indicator on the chart.
• Clr: Set the color of the indicator.

Conclusion

The Show Current Candlestick indicator is one of the Candlestick indicator for MetaTrader 4 . It allows traders to analyze the price movement of the current candle in pips .

This tool is useful for better understanding price movements and the intensity of changes by showing the volatility of the current candle, and can be used in technical analysis and trading decisions.