candle move
Info
The candle move is a Indicator for MetaTrader 5 that key features: dual display:automatically calculates and shows price changes in both pips(below the candle) and percentage(above the candle). two measurement modes: close-to-close (default):compares the current candle's close price to the previous candle's close to measure inter-candle volatility.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use candle move
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
key features: dual display:automatically calculates and shows price changes in both pips(below the candle) and percentage(above the candle).
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Candle Strength Analyzer MT5 - Buyer Seller Pressure and Wick Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Candle Countdown MT5: Professional Real-Time Candle Timer - similar indicator with strong performance on MetaTrader 5.
key features:dual display:
automatically calculates and shows price changes in both
pips
(below the candle) and
percentage
(above the candle).
two measurement modes:
close-to-close (default):
compares the current candle's close price to the previous candle's close to measure inter-candle volatility.
close-to-open:
compares the close and open prices of the same candle to measure its body size.
flexible customization:
easily change colors for gains/losses and set a minimum pip threshold ( pipslimit ) to filter out insignificant movements.
performance optimized:
limit the number of historical bars to process ( maxbars ) to ensure the indicator runs smoothly.
input parameters:
closetoclose : set to true to compare with the previous candle, or false to measure the current candle.
pipslimit : only displays information if the candle moves more than this number of pips.
displaylosscolor : color for price drops.
displaygaincolor : color for price gains.
maxbars : the maximum number of past bars the indicator will calculate.
You may also like: Candle Timer for MT4/MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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#property copyright "RobotFX"
#property link "https://robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.0"
#property indicator_chart_window
#property indicator_chart_window
#property indicator_buffers 0
#property indicator_plots 0
double PercentageLimit = 0; // PercentageLimit - Will not display number if percentage gain/loss is below limit........
⚠ 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.