Body Ratio Indicator
- Indicators
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Mattia Impicciatore
Hello,
I’m Mattia — a fintech developer, trader, and expert in MQL5, Python, and web technologies. - Version: 1.0
Body Ratio Indicator for MT5 – Candle Strength and Compression Analyzer
The Body Ratio Indicator is a technical tool for analyzing candlestick structure and identifying market conditions based on the ratio between the candle’s body (open-close) and its total range (high-low). This simple yet powerful calculation helps traders detect strong momentum candles, indecision candles, and range compression phases, which often precede major breakouts.
Each candlestick is categorized in real time:
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Weak candles (body < 30% of range): often appear during indecision days, low-volume sessions, or when the market forms doji or spinning tops
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Neutral candles (body between 30% and 70%): common in tight range candles, volatility contraction, or compression phases like NR4, NR7, or inside days
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Strong candles (body > 70%): indicate high directional conviction, useful for identifying breakout setups, trend continuation, and clean momentum entries
The indicator displays a real-time histogram on the chart, color-coded for quick interpretation.
Why Use It
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Detect range compression before breakouts
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Spot indecision candles and avoid low-quality trades
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Confirm strong breakout candles with clear trend direction
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Filter trades based on candle quality and body-to-range ratio
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Improve timing by recognizing volatility contraction zones
Best Timeframes and Usage
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Use on Daily or Weekly charts for context
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Execute trades on H4, H1, or M30 for precision
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Combine with:
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Breakout filters
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Price Action setups (Inside Bar, Pin Bar, NR4, NR7)
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Support and Resistance levels
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Moving Averages or trend filters
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Input Parameters
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No configuration needed
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Customization available via code (e.g., color thresholds)
Keywords
Body Ratio, Candle Body to Range, Candle Strength, Candlestick Analyzer, Weak Candle, Strong Candle, Indecision Candle, Doji, Spinning Top, Compression Candle, Range Compression, Tight Range Day, Volatility Contraction, Breakout Filter, Price Action Filter, Inside Day, Inside Bar, NR4, NR7, Trend Momentum, Histogram Indicator, Technical Analysis Tool, Real-Time Candle Signal, MT5, Trading Context Analyzer, Small Body Candle, Candle Momentum, Trade Quality Filter, Breakout Confirmation, Discretionary Trading Tool
