CaudateCandle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author: Spiridone
This indicator highlights "hammer" or "inverted hammer" type tail candlesticks where the main body is located in the upper or lower half of the candlestick. The hammer candlestick is highlighted in blue, while the "inverted hammer" is highlighted in red. If the candle tail and close are on different sides of the candlestick, the candle is highlighted in a bright color. If the tail and price are on the same side, the candlestick will be highlighted in a light color.
Figure 1. Indicator CaudateCandle
Attachment download
📎caudatecandle.mq5 (15.38 KB)
Source: MQL5 #21020
CaudateCandle - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
CaudateCandle - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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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