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Indicators

Dominant Candle - indicator for MetaTrader 5

Rajesh Kumar Nait
Views:
1445
Rating:
(3)
Published:
2024.04.09 12:16
Updated:
2024.04.17 13:39
Dominant.mq5 (4.7 KB) view
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Dominant Candle is a a two candlestick set where the wicks intersect each other's body area and body of the candles are either gapped up, gapped down or equal

Dominant candle is usually used for verification of a trend after consildation



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This code block loops through all opened position and do trailing based on Ask and Bid prices.

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Candle Analysis Report Candle Analysis Report

This script helps traders understand the distribution and range of candles in a specific period, which can be useful for making trading decisions such as determining which historical values to use for Take Profit or Stop Loss.