Identical candles MetaTrader 4 Forex indicator, is the semaphore indicator of candles that highlights the candles on the chart, which have same direction like all candles for your chosen timeframes. Eeach of the rising candles (bullish) or each of the descending candles (bearish).
All timeframes can be used, turn on/off for each one. In additional to the arrows, indicator can beep to indicate the appearance of a new arrow on the displayed timeframe.
Settings optionss:- The display of all extra arrows can be turned off except, for example, those that indicate a change of the signal direction, in other words, only the first arrow for each direction.
- Specify where the candle is intended to give a signal (candle is equal zero or already formed). Keep in mind if you choose a zero candle, then the signal can be broken with an opposite signal, because the candle isn’t formed yet and is at the drawing stage.
Indicator settings
- Alerts – To turn on/off the beep;
- TF M30 – To include in the calculation the timeframe M30
- TF H1 – To include in the calculation the timeframe H1;
- TF H4 – To include in the calculation the timeframe H4;
- TF D1 – To include in the calculation the timeframe D1;
- TF W1 – To include in the calculation the timeframe W1;
- TF MN – To include in the calculation the timeframe MN;
- Shift – The candle index to receive the signal: 0 – the current candle, 1 – the previous candle;
- Only signal change – To wipe out all extra the arrows on the chart, display the direction change only;
- TF M1 – To include in the calculation the timeframe M1
- TF M5 – To include in the calculation the timeframe M5
- TF M15 – To include in the calculation the timeframe M15
- Comments – To turn on/off comments;
- clrBUY – The color for Buy;
- clrSELL – The color for Sell.
Identical candles MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
Identical candles- it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How To Install Identical candles MT4 indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy Identical candles indicator MT4 to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Identical candles MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove Identical candles MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
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