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Indicator for scanning Forex time frames for candles

  • Post #1
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  • First Post: Dec 12, 2014 7:48am Dec 12, 2014 7:48am
Has anyone seen indicator for MT4 that can scan after M1 candle close for specific candle from every time fame M1 -> MN1 for (I call this) "big shadow" candle and trigger alert. For me this Big Shadow candle is when candle body (open <-> close) is larger than five previous candle body.

Look at the picture to get better understanding what I mean.

Attached Image (click to enlarge)
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your candle - "0"
It has 4 parameters (O,C,H,L)
5 previous candles also have parameters.
Once again what do you want to see?
bandiit

looking for exactly the same indicator as you. I treat those larger candles as 'gap candles' (imbalance between supply and demand).
Hopefully someone can help us out.
piphunt11
in mt4 its market facilitation index under bill williams. though it isnt bar specific you can easily see the difference in range.
Quoting bandiit
Has anyone seen indicator for MT4 that can scan after M1 candle close for specific candle from every time fame M1 -> MN1 for (I call this) "big shadow" candle and trigger alert. For me this Big Shadow candle is when candle body (open <-> close) is larger than five previous candle body. Look at the picture to get better understanding what I mean. {image}


Hi bandiit ,im using the Fractals indicator which u used in ur MT4 template,its very accuracy for my Swing trade in H1 time frame for 30-40 pips in every trade also Reliable & Consistency.Its very useful for Scalping Traders !
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  • Post #6
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  • Last Post: Feb 11, 2018 10:26pm Feb 11, 2018 10:26pm
Quoting jegas
{quote} Hi bandiit ,im using the Fractals indicator which u used in ur MT4 template,its very accuracy for my Swing trade in H1 time frame for 30-40 pips in every trade also Reliable & Consistency.Its very useful for Scalping Traders ! {image}

Hey, What is that indicator you are using with the circles on the highs and lows? and where can i get it from?
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