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Published:

2007.05.29 15:56

Updated:

2016.03.09 09:34

i-OneThird.mq4 (2.71 KB) view

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The difference between the high and low of a candle divides into three parts each one corresponding 1/3 of the candle. The indicator calculates where the candle opened and where it closed. It is recommended to hide the initial chart by setting the following parameters: option "Chart on foreground" unchecked (menu "Charts"-> "Properties" or press F8, tab "Common").

Bullish Pattern:
1-1
2-1
3-1

Bearish Pattern:
1-3
2-3
3-3

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i-5days

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i-OneThird - indicator for MetaTrader 4