Consecutive Same Candles - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources - MetaTrader 5 Resources
Consecutive identical candles
The number of currency pairs.
The indicator shows how many consecutive identical candles appear on the currency pair.
You can change the size of the text.
This indicator can help identify the likelihood of a correction (or reversal) after an increase in the number of identical candles.
Do not separate the information given by the indicator from the market context.
Attachment download
📎 consecutive_identical_candles.mq4 (26.83 KB)
Source: MQL5 #29760
Continuous identical candles - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Continuous Same Candles - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are resources 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 only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •