DS Candle Range Theory
- Indicateurs
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Darkstone Capital LTD
## À propos de moi
Bienvenue sur mon profil MQL5.
Je suis le fondateur et PDG de Darkstone Capital, une entreprise spécialisée dans le développement de solutions professionnelles de trading pour la plateforme MetaTrader. - Version: 1.0
Multi-Timeframe Candle Range Analysis Indicator for MetaTrader 5
Overview
DS Candle Range Theory V1.0 is a MetaTrader 5 indicator designed to analyse and display candle range behaviour directly on the trading chart.
The indicator provides traders with a structured view of candle characteristics including range size, candle body, wick behaviour, expansion, compression, and directional movement.
By displaying candle range information across selected timeframes, traders can use the indicator as a visual reference when analysing volatility, price behaviour, and market conditions.
Key Features
• Multi-timeframe candle range analysis
• Candle range measurement
• Range expansion identification
• Range compression identification
• Candle body and wick analysis
• Bullish and bearish candle information
• Volatility change visualisation
• Adjustable timeframe selection
• Clean chart presentation
• Lightweight performance
Candle Range Analysis
DS Candle Range Theory analyses the structure of each candle using key price components.
Candle Range Size
Displays the distance between the candle high and low, providing a visual reference of current market movement.
Body and Wick Analysis
Shows the relationship between candle bodies and wicks to help traders evaluate candle structure.
Range Expansion
Highlights periods where candle ranges increase compared to previous candles.
Range Compression
Identifies periods where candle ranges become smaller and price movement decreases.
Directional Information
Provides a visual representation of bullish and bearish candle behaviour.
Multi-Timeframe Analysis
The indicator can be applied across different timeframes to help traders compare candle range behaviour.
Supported timeframes include:
• M1
• M5
• M15
• M30
• H1
• H4
• D1
• W1
• MN1
The selected timeframe allows users to analyse candle range data according to their preferred trading approach.
How It Works
After attaching DS Candle Range Theory V1.0 to a MetaTrader 5 chart, the indicator reads candle data from the selected timeframe and displays range information according to the user's settings.
The indicator updates automatically as new candles form and provides a visual reference of changing candle conditions.
Main Uses
DS Candle Range Theory can be used for:
Volatility Analysis
Monitor changes in candle size and identify periods of increasing or decreasing market activity.
Price Action Analysis
Review candle structure through range size, body size, and wick formation.
Multi-Timeframe Comparison
Compare candle behaviour across different chart periods.
Market Condition Monitoring
Identify changes between expanding and contracting price movement.
Recommended Usage
Suitable for:
• Price action analysis
• Multi-timeframe trading analysis
• Volatility monitoring
• Manual trading workflows
• Chart structure analysis
Compatible with:
• Forex
• Indices
• Metals
• Cryptocurrency markets
• Commodities
• Other MetaTrader 5 supported instruments
Input Settings
Configurable options include:
• Analysis timeframe
• Display preferences
• Visual settings
• Chart positioning
• Information visibility
• Range display options
Initial Release Features
Version 1.0 includes:
• Multi-timeframe candle range analysis
• Candle range measurement
• Expansion and compression identification
• Body and wick analysis
• Directional candle information
• Customisable display settings
• Optimised chart rendering
Technical Information
Platform:
MetaTrader 5
Type:
Custom Indicator
Markets:
All supported MT5 symbols
Timeframes:
All timeframes
Notes
• Candle range information is calculated from available price data within the MetaTrader 5 terminal.
• Results may vary depending on timeframe selection and market conditions.
• This indicator provides analytical information and does not execute trades.
Darkstone Product Suite
DS Candle Range Theory V1.0 is part of the Darkstone collection of MetaTrader 5 trading tools designed to improve chart analysis, market awareness, and trading workflow.
Other Darkstone products include indicators, dashboards, and automated trading systems available through the MQL5 Market.
