The Candle Body Size Indicator is a popular, free, and useful Forex indicator for the MT4 platform. It provides traders with a visual representation of the size of the candle body, allowing traders to quickly assess the strength of a trend. The indicator is easy to use and provides traders with a valuable insight into the market. The Candle Body Size Indicator measures the size of the candle body in relation to the high and low of the candle. It displays the size of the candle body in a simple and easy to understand format, allowing traders to quickly assess the strength of a trend. The indicator also displays the size of the candle body as a percentage of the total range of the candle. This helps traders to identify potential areas of support and resistance in the market. The Candle Body Size Indicator is a great tool for traders who are looking to gain an edge in the Forex market.
Candle Body Size
This free Forex Candle Body Size Indicator is a popular and useful tool for MT4 traders. It helps traders identify the size of the body of a candle and determine the strength of the trend. The indicator works by plotting the size of the candle body on the chart. This indicator is popular among traders because it is easy to use and provides useful information about the strength of the trend.
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Category: Price Action
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.