Candlestick Wick Unbalanced - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Compare the upper and lower wicks of a candle to spot imbalances and draw wing charts
The user can define the multiplication in the input field, for example a value of 2 means that if the upper shadow is 2 times the lower shadow, or the lower shadow is 2 times the upper shadow, then the wing is drawn on the side where the area of the hatch is greater than the area of the other hatch.
Attachment download
📎 candle_imbalance.mq5 (4.61 KB)
Source: MQL5 #47370
Candlestick wick imbalance - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening recommendations
Candlestick wick imbalance - 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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