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).