Candle Lengths Analyzer MT5
- Utilities
- Version: 4.10
- Activations: 5
Candle Lengths Analyzer is an institutional-grade quantitative utility that models and measures how financial price volatility, candle range, and body displacement scale across all timeframes, now fully optimized for the MetaTrader 5 (MT5) multi-threaded architecture.
Financial markets do not expand linearly. By mathematically separating extreme high-to-low ranges (Bar Length) from net open-to-close directional progress (Body Length), this tool reveals the underlying diffusive power-law behavior of any financial asset, replacing subjective chart inspection with empirical equations.
TWO COMPLEMENTARY MEASUREMENTS
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Bar Length (High - Low): Quantifies total price excursion, wick rejections, and raw ambient market volatility.
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Body Length (|Open - Close|): Isolates true directional progress and net trend displacement.
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Body / Bar Ratio: Measures trend efficiency and conviction. High-liquidity instruments typically baseline near ~0.50; higher readings identify decisive directional legs, while lower values expose chop and wick absorption.
KEY FEATURES & CAPABILITIES
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Non-Linear Simplex Curve Fitting: Avoids simplistic linear assumptions by solving continuous parameters through the Nelder-Mead Simplex optimization algorithm directly on your MT5 terminal.
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Short Times Linear Plot: Evaluates intraday horizons up to 4 hours (240 minutes), plotting empirical data points alongside fitted mathematical curves.
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All Timeframes Log-Log Plot: Compresses time horizons from M1 up to Monthly (MN1) into a power-law linear representation, calculating exact correlation coefficients ( R 2 R^2 R2).
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Interactive Three-Way Averages Engine: Built-in bidirectional solver on your chart. Modify any metric (Time, Length, or Body) and press Enter to instantly compute the corresponding variables:
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Test Stop Loss Placement: Enter your planned Stop Loss in pips to determine the average elapsed time required for market noise to cover that distance.
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Calibrate Take Profit Targets: Enter your target in pips to evaluate the realistic statistical duration needed to achieve net directional displacement.
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Forecast Holding Windows: Enter planned holding duration in minutes (e.g., 240 for 4 hours) to project expected range excursions.
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1-Click Export & Archival: Export complete mathematical metrics directly to CSV in the sandboxed MQL5/Files directory and capture high-resolution chart screenshots with a single click.
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Non-Invasive Canvas Engine: Native MT5 CCanvas rendering with isolated graphical management that preserves your personal chart templates, indicators, and existing workspace objects.
INPUT PARAMETERS
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InpX1: Horizontal X-coordinate for the left plot boundary (Default: 400).
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InpX2: Horizontal X-coordinate for the right plot boundary (Default: 800).
USAGE RECOMMENDATIONS
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Multi-Asset Scope: Operates seamlessly across Forex majors, crosses, Spot Metals (Gold, Silver), Indices, Commodities, and centralized exchange instruments supported by your MT5 broker.
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History Requirements: Ensure your MT5 terminal has synchronized historical bar data across standard timeframes (M1 to MN1) for optimal simplex convergence.
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Pure Native MQL5: High-performance, zero-latency execution built entirely in native MQL5 without third-party DLL dependencies or external libraries. Fully compatible with multi-core CPUs and VPS environments.
