Candle Body Size Alert Indicator for MT4

All you ever want to do is to automate your life. So today we have bought for you an indicator that will automate forex trading for you.

The name of this Candlestick Patterns is candle body size indicator. What it does is that it automatically size of each bullish and bearish What is the candle measure indicator on your chart.

How to use Candle Body Size Indicator

It is one of the very best indicators in the market. candlestick charts are one of the most popular due to their ability to convey a wealth of information. It is helpful for both new and experienced traders.

With the help of this indicator you can uplift your trading experience in the market.

This Candle Wicks Length Display Indicator gives best results for meta traders 4 platform. When you add it to the chart in the MT4 this candle body size indicator show of body sizes of each candle.

This size is simply the difference Master Candle Pattern between the opening and closing prices of a given period. The indicator can help traders understand the strength and momentum of price movements.

Buy Sell Candle Size Strategy Signal Chart

This indicator focuses on the size of the body of each candlestick on a price chart. The wicks are the thin lines extending above and below the body representing the highest and lowest prices reached during the trading period.

It consists of two colors red and blue the red colour shows the bearish candle body sizes and the blue colour shows the body sizes of bullish candles.

The candle body size indicator is a very simple tool High Profit Candlestick and is very easy to use. It simply adds relative information to the chart that helps the traders trends of market and also analyses the previous trends. It is very helpful for forex trading.

The body of the candlestick represents the difference between the opening and closing prices of a financial instrument during a specific time period.

Indicator that Shows Length of the Previous Candle’s Body

A bullish (up) candlestick is typically green or white, Candle Wicks Length Display Indicator that the closing price is higher than the opening price.

It means that buyers have an edge it means it is a buy signal A large body suggests a strong price movement in the direction of the candle.

For a bullish candle. it indicates strong buying pressure whereas for a bearish candle it reflects strong selling pressure. Set thresholds to highlight significant body sizes and generate Candle Time alerts when these thresholds are crossed. arge bodies in one direction Candle wicks Length Display indicator suggest a strong trend, indicating that the market is moving decisively in that direction.

Indicator Chart Setting

Small bodies often occur during consolidation phases, indicating market indecision and a lack of clear direction.

A series of small bodies followed by a large body in the opposite direction can signal a potential market reversal, as it indicates a sudden shift in market sentiment. But when the bearish Candle has a wide body it means it is a sell signal.

Download