Candle Range MetaTrader indicator — is a very simple and lightweight indicator that displays the candle's range in pips on mouseover. In addition, to the High/Low range, it can optionally display the body size (Open/Close) for candles. Multiple display parameters are available to control how the indicator looks. This indicator is available for both MT4 and MT5 versions of the trading platform.
The example shows the
Using this indicator is very simple — you just move your mouse around the chart and have valuable information about the candle you are pointing at displayed for your convenience.
Obviously, this indicator cannot be used on its own to get trading signals, but candlestick length and candle body size can be a factor in technical analysis — be it Forex or some other financial market.
You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.
Warning! If you do not know how to install this indicator, please read the MetaTrader Indicators Tutorial.
Do you have any suggestions or questions regarding this indicator? You can always discuss Candle Range with the other traders and MQL programmers on the indicators forums.