The Strength Candles buy/sell indicator measures the strength of the trend for any currency pair and for the following time frames: M1, M5, M15, M30, H1, H4 and D1.
This Forex indicator also calculates and displays the overall trend strength.
Trading Signals
Strong buy signal: Green buy bar reaches 80% or above (sell bar 20% or less).
Strong sell signal: Red sell bar reaches 80% or above (buy bar 20% or less).
Indicator Preferences
Currency pairs: any
Preferred Time frames: any
Sessions: any
Download
Download the strength-candles-indicator.mq4
Configurable Indicator Options
ColorBuy, ColorSell, xoffset, yoffset,…
GBP/USD Weekly Chart Example
How to install the Strength Candles Buy/Sell custom indicator in Metatrader 4?
- Download the strength-candles-indicator.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.