Indicator for scanning Forex time frames for candles | Forex Factory

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Indicator for scanning Forex time frames for candles

  • #1
  • First Post: Dec 12, 2014 6:48am Dec 12, 2014 6:48am
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.

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  • #2
  • Dec 13, 2014 10:08am Dec 13, 2014 10:08am
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?
  • #3
  • Jan 12, 2015 8:53pm Jan 12, 2015 8:53pm
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
  • #4
  • Jan 12, 2015 9:36pm Jan 12, 2015 9:36pm
in mt4 its market facilitation index under bill williams. though it isnt bar specific you can easily see the difference in range.
  • #5
  • Jan 12, 2015 9:37pm Jan 12, 2015 9:37pm
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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  • #6
  • Last Post: Feb 11, 2018 9:26pm Feb 11, 2018 9:26pm
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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