The Candle Size Info indicator for MT5 is a popular and useful tool for forex traders. This indicator provides valuable information about the size of individual candlesticks on the chart, allowing traders to better analyze market trends and make informed trading decisions. By displaying the size of each candlestick in pips, traders can easily identify periods of high volatility or consolidation. To use the Candle Size Info indicator, simply add it to your MT5 chart and customize the settings to suit your trading style. The indicator will then display the size of each candlestick in real-time, providing a visual representation of market movements. Traders can use this information to identify potential entry and exit points, as well as determine stop-loss and take-profit levels. Overall, the Candle Size Info indicator is a free and valuable tool for forex traders looking to improve their analysis and decision-making process.
MT5
Candle Size Info
Candle Size Info Indicator for MT5 is a useful tool for forex traders looking to measure the size of candlesticks on their charts. This popular and free indicator provides valuable information on market volatility. Simply install the indicator on your MT5 platform and it will display the size of each candle in pips. This can help traders make informed trading decisions based on market conditions.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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