Candle Movement Monitor
Info
The Candle Movement Monitor is a Indicator for MetaTrader 4 that this indicator visually represents candle movement with color-coded indicators. The indicator color-codes the previous candle's movement:- Red: Negative candle- Lime: Positive candleThe table displays the current candle's movement with color-coded numbers:- Red: Maximum movement reached- Lime: Average movement reachedTo navigate the data table, press and hold the 'M' key for 1-2 seconds, then release and click the mouse on the desired area.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Candle Movement Monitor
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator visually represents candle movement with color-coded indicators.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Copilot Adaptive Regime Candles - another powerful indicator for MetaTrader 4 traders.
This indicator visually represents candle movement with color-coded indicators.Also recommended: Mistral Trend Candles Indicator - similar indicator with strong performance on MetaTrader 4.
The indicator color-codes the previous candle's movement:
- Red: Negative candle
- Lime: Positive candle
The table displays the current candle's movement with color-coded numbers:
- Red: Maximum movement reached
- Lime: Average movement reached
To navigate the data table, press and hold the 'M' key for 1-2 seconds, then release and click the mouse on the desired area.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
input int x_distance=770;
input int y_distance=25;
int x_dist,y_dist;
int kstrok,kdown;
double m1[5],m5[3],m15[2],m30[2],m60[4],m240[6],m1440[5];.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.