candle movement monitoring
Info
The candle movement monitoring is a Indicator for MetaTrader 4 that the red color of the indicator shows that the previous candle is a negative candle and lime color indicates a positive candle. the red color of the numbers on the table "now" indicates that the movement of candle has reached the maximum movement, and lime color indicates that the movement reaches the average candle movement.
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 monitoring
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
the red color of the indicator shows that the previous candle is a negative candle and lime color indicates a positive candle.
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: size of the candle body - another powerful indicator for MetaTrader 4 traders.
the red color of the indicator shows that the previous candle is a negative candle and lime color indicates a positive candle.
Also recommended: price movement amplitude indicator - similar indicator with strong performance on MetaTrader 4.
the red color of the numbers on the table "now" indicates that the movement of candle has reached the maximum movement, and lime color indicates that the movement reaches the average candle movement.to move the data table, press the key "m" for 1-2 seconds, after the key "m" was released, click the mouse on the desired area.
You may also like: price movement amplitude indicator - excellent alternative for indicator users on MetaTrader 4.
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.