Gold Candle Direction Signal

Hourly xx:00 Candle Direction Signal for MT5

Know the direction of every hourly opening candle.

The Hourly xx:00 Candle Direction Signal automatically analyzes the candle that starts exactly at xx:00 on your selected timeframe (M1–H1) and instantly tells you whether it closed LONG, SHORT, or DOJI.

Designed for traders who want a simple and reliable hourly bias, the indicator displays clear chart signals and can send real-time notifications to your desktop or mobile device.

Features

  • ✅ Detects the candle that starts exactly at xx:00
  • ✅ LONG, SHORT and optional DOJI signals
  • ✅ Works on all CFD symbols and Forex pairs
  • ✅ Supports timeframes from M1 to H1
  • ✅ Custom trading time window
  • ✅ Weekday filter
  • ✅ Adjustable minimum candle body size
  • ✅ Historical signal display
  • ✅ Signal arrows and text directly on the chart
  • ✅ Last Signal information panel
  • ✅ Push notifications for MetaTrader Mobile
  • ✅ Desktop alerts
  • ✅ Journal logging
  • ✅ Lightweight and optimized for fast performance

How It Works

  1. The indicator waits for the candle that starts exactly at xx:00.
  2. After the candle closes, it compares the opening and closing prices.
  3. Close > Open → LONG
  4. Close < Open → SHORT
  5. Close = Open → DOJI (optional)

The signal is then displayed on the chart and, if enabled, sent as a notification.

Perfect For

  • Gold (XAUUSD)
  • Intraday traders
  • Scalpers
  • Session traders

Fully Customizable

Configure:

  • Trading hours
  • Active weekdays
  • Alert types
  • History length
  • Signal display
  • Minimum candle body size
  • Colors and chart objects

Benefits

  • Simple and easy to understand
  • No repainting
  • Clean chart visualization
  • Instant hourly market direction
  • Helps identify intraday momentum
  • Suitable for both manual and discretionary trading

Compatible with MetaTrader 5 (MT5).


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