The Strength Candles Indicator is a popular free forex indicator for the MT4 trading platform. It is a useful tool for traders who want to gauge the strength of a trend. The indicator displays the strength of a trend by plotting a histogram of the price action. The histogram will show whether the trend is strong or weak, allowing traders to make informed decisions. The Strength Candles Indicator is easy to use and can be applied to any time frame. It is based on the average true range, which is calculated by taking the average of the high and low of the current bar, and subtracting the previous bar’s close. The resulting value is then multiplied by a coefficient to get the strength of the trend. The indicator plots a histogram of the strength of the trend, with the bars being colored according to their strength. The Strength Candles Indicator is a great tool for traders who want to quickly identify the strength of a trend. It is also useful for traders who want to identify potential entry and exit points. The indicator is easy to use and can be applied to any time frame. It is a popular free forex indicator for the MT4 trading platform and can help traders make informed decisions.
MT4
Strength Candles
The Strength Candles Forex Indicator is a popular free MT4 tool that can be used to help traders identify and analyze the strength of a currency pair. It is a useful indicator for traders of all levels of experience, as it provides an easy-to-read visual representation of the strength of each currency pair. The indicator works by drawing a candle for each currency pair, with the size of the candle corresponding to the strength of the pair.
| Platform | |
|---|---|
| Timeframe |
0
People watching this product now!
Downloads - 57
Description
Reviews (0)
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.
Related products
B-Clock Modified
The modified b-clock indicator is a popular and useful MT4 tool for forex traders to help them determine the start and end of trading sessions. This indicator works by displaying the time remaining until the close of the current candle, which can be useful for traders who want to time their trades based on market activity during certain trading sessions. Due to its popularity in the forex trading community, this indicator has become an essential tool for many traders looking to gain an edge in the market.
Boss Binary Options
The Boss Binary Options Indicator is a popular free forex indicator for the MetaTrader 4 (MT4) platform. The indicator uses a combination of technical analysis and price action to generate buy and sell signals, helping traders make informed decisions and maximize their profits. The indicator is easy to use and can be used by both novice and experienced traders. The Boss Binary Options Indicator is a popular, free and easy to use tool that can help traders make better decisions in the forex market.
Average Daily Range Adr
The Average Daily Range (ADR) Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool for traders as it helps them identify and take advantage of the range of price movements. The indicator shows the average daily range of a currency pair over a given period of time. This can be used to help traders identify entry and exit points for their trades. The indicator is easy to use and can be used to identify the volatility of a currency pair, as well as the potential for price movements. The ADR Indicator is a great way to take advantage of the market’s volatility and make more informed trading decisions.
Candlesticks Pattern
The Candlesticks Pattern Indicator is a useful MT4 tool for Forex traders. The indicator works by scanning the market for different candlestick patterns, such as the Doji, Hammer and Shooting Star, and then displaying the patterns on the chart. With the Candlesticks Pattern Indicator, traders can quickly and easily identify potential trading opportunities, making it a valuable tool for anyone looking to make successful trades in the Forex market.
FX Multi Meter
FX Multi-Meter Indicator is a new, popular and free forex indicator available for MT4. This indicator helps traders analyze multiple currency pairs on the same chart at the same time, allowing them to make better trading decisions. The FX multimeter indicator displays the strength and weakness of eight different currencies in real time, allowing traders to quickly identify the most profitable trading opportunities. With a user-friendly interface, you can quickly understand and analyze the market to improve your trading strategies and maximize profits.
Trend DashBoard
The Trend Dashboard Indicator is a powerful MT4 tool for forex traders who want to keep track of multiple currency pairs and timeframes on one chart. The indicator uses a dashboard to display the trend direction and strength for different currency pairs and timeframes. It also includes an alert feature that can notify traders of potential trading opportunities. With this indicator, traders can save time and stay on top of market trends, allowing them to make informed trading decisions.
RSI Heatmap
The RSI Heatmap indicator is a new and popular forex indicator available for free on MT4. It uses the Relative Strength Index (RSI) to display a heat map that shows the overbought and oversold areas of multiple currency pairs at the same time. The heat map is color coded, making it easy to see which pairs are strong or weak in real time. It helps you take the guesswork out of identifying the most profitable currency pairs to trade by providing real-time information that you can influence.
Reviews
There are no reviews yet.