This special candlestick indicator is trend following in nature. It draws bullish and bearish candlesticks on any currency chart.
This is a great indicator to find lower-risk price entries in an existing trend.
Trading Signals
Buy: Wait for the first green candlestick.
Sell: Wait for the first pink candlestick.
Use in conjunction with other trading indicators.
Indicator Preferences
Currency pairs: any
Preferred Time frames: any
Sessions: Any
Download
Download the trendcandlestick.mq4 indicator.
Configurable Indicator Options
Colors
GBP/USD 1 Hour Chart Example
How to install the Trend Following Candlestick custom indicator in Metatrader 4?
- Download the trendcandlestick.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.