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Candle_Ratio.mq5 (14.15 KB) view

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The indicator shows the ratio between bullish and bearish candlesticks over the specified period.

The indicator has three input parameters:

Calculation formula:

Up Candle
Up=close-open;
Down =0;

Down Candle
Down=open-close;
Up = 0;

Ratio = Sum(Up) / Sum (Down);

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20330

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Candle_Ratio - indicator for MetaTrader 5