NQX Expansion Candle Burst MT4

NQX Expansion Candle Burst MT4 is a signal indicator for MetaTrader 4: expansion candle signals (it only signals when volatility is expanding above its recent average).

Proprietary NQX logic that detects an expansion candle that takes both sides of the previous one. It only signals when volatility is expanding above its recent average. It draws the suggested entry, a short stop and long targets (3:1, 5:1, 10:1, up to 20:1 on swing); you decide.

What it draws on the chart
- An arrow on the closed signal candle (it never repaints a closed signal).
- The suggested entry, a short stop and a long suggested target (default 5 x the risk), plus reference lines at 3 x 1, 5 x 1 and 10 x 1.
- When a level is reached, a label marks it on the chart (target or stop).
- A panel with the last signal and how many signals appeared on the visible history.
- Pop-up and push alerts on new signals (optional).

Exclusive NQX logic: no other NQX indicator uses this same combination of entry signal and market filter, so its signals are its own.

Settings
- Main suggested target (x the risk) and extra target lines (3 x 1, 5 x 1 and 10 x 1 by default).
- Minimum and maximum stop distance (x ATR) and maximum bars to keep a signal open.
- The signal rules are built in and protected: no tuning needed.
- Colors, history bars, panel and alerts.

How to use
- Recommended timeframes: H1, H4 and D1.
- Works on any symbol: forex, gold, indices, crypto.
- The indicator never opens trades. YOU make every decision: whether to enter, where to place the stop and the target, and the position size. Use the levels only as a reference and always respect your own risk.
- Try it first on a demo account or in the Strategy Tester (visual mode).

Important: the signals and levels are suggestions, not a recommendation to buy or sell. You are solely responsible for your trading decisions. Past results do not guarantee future results. Trading involves risk and you can lose money.
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