Statistics of Candles 2
Info
The Statistics of Candles 2 is a Script for MetaTrader 5 that a modification of the script, counting the number of series of bullish and bearish bars and displaying the result as a chart. The class is used for this purpose.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Statistics of Candles 2
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
A modification of the script, counting the number of series of bullish and bearish bars and displaying the result as a chart.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: Strategy Tester Report Statistics with MQL5 Code - another powerful script for MetaTrader 5 traders.
A modification of the script, counting the number of series of bullish and bearish bars and displaying the result as a chart. The class is used for this purpose.Also recommended: Measure Popular Candles (MPC) - similar script with strong performance on MetaTrader 5.
New in this version:
- Drawing a smoothed chart.
Input parameters:
- Count of bars: The number of bars (from the rightmost bar on the chart) for which the calculation will be performed.
- Verification: A flag to print the copied time series of this symbol and the resulting array of bar series. Note: Enable this only if the 'Count of bars' parameter does not exceed 15-30, otherwise the amount of printed data will be extensive.
- Save screenshot: Enable or disable saving screenshots of the resulting chart.
- Sleep (milliseconds): A delay in displaying the resulting chart.
- Output statistics: Chart mode to display the number of series or the percentage of series.
Example: Fig. 1. EURUSD, M5. 1200 bars. Percentage.
You may also like: Candlestick Statistics Calculation Tool - excellent alternative for script users on MetaTrader 5.
Source Code
/.......
⚠ 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.