The Candles Ratio v1 indicator is a useful and popular free Forex tool for MetaTrader 4 (MT4) trading platforms. It is designed to help traders identify when a candle is likely to change direction. The indicator uses the ratio of the open, high, low and close of each candle to determine the probability of a reversal or continuation. The indicator works by calculating the ratio of the open, high, low and close of each candle. If the ratio is above a certain threshold, a reversal is indicated. Conversely, if the ratio is below a certain threshold, a continuation is indicated. The user can customize the thresholds to suit their own trading style. The Candles Ratio v1 indicator is easy to use and can be added to any chart. Once added, the indicator will automatically calculate the ratios of the open, high, low and close of each candle. The user can then use the indicator to identify potential reversal or continuation patterns. The indicator is easy to use and can be added to any chart, making it a valuable addition to any trader’s toolkit.
MT4
Candles Ratio V1
The Candles Ratio v1 Forex Indicator is a popular and free MT4 indicator that is useful for traders who want to analyze the market for potential trading opportunities. This indicator is based on the ratio of bullish and bearish candles in the market, providing traders with a reliable way to identify and capitalize on potential trading opportunities. The indicator also provides traders with an easy way to analyze the market and identify potential trading opportunities, making it a great choice for those who want to take advantage of the market’s potential.
Indicator Type | |
---|---|
Trading Style | |
Platform | |
Timeframe |
0
People watching this product now!
Category: Stochastic
Downloads - 6
Description
Reviews (0)
Be the first to review “Candles Ratio V1” Cancel reply
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.
Related products
Momentum Reversal Detector
The Momentum Reversal Detector Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify potential reversals in market momentum. The indicator uses a combination of moving averages, oscillators, and price action to generate signals when a reversal is likely. The Momentum Reversal Detector Indicator is a great tool for any Forex trader looking to capitalize on short-term reversals.
Wave Trend Oscillator
The Wave Trend Oscillator Indicator is a popular and free Forex indicator for MT4 that is useful for both novice and experienced traders. This indicator is designed to detect the trend and momentum of the market and provide traders with a visual representation of the trend direction. It then plots the waves on a chart and provides traders with a signal when the trend has reversed or is about to reverse. This indicator is also customizable, allowing traders to adjust the sensitivity of the indicator to their own trading style. With the Wave Trend Oscillator Indicator, traders can easily identify the trend of the market and make informed trading decisions.
Commodity Channel Index
The Commodity Channel Index (CCI) is a popular and useful Forex indicator used by many traders. It is a technical indicator that measures the momentum of price movements and helps to identify when a currency pair is overbought or oversold. It is easy to use and can help traders identify potential trading opportunities. The indicator is free to use on the MT4 trading platform and is one of the most popular indicators used by traders.
3 Color MACD
The 3 Color MACD Indicator is a useful forex trading tool that is available for free on MT4. This popular indicator uses Moving Average Convergence Divergence (MACD) to help traders identify market trends and potential entry/exit points. The indicator is easy to use and can be applied to any currency pair or timeframe. It is ideal for both novice and experienced traders who want to enhance their trading strategy with a reliable technical indicator.
ROC Indicator
The ROC Indicator is a popular and useful Forex indicator for MT4 that is free to download. It is used to measure the rate of change in price movements over a given time period. The indicator is useful for traders as it can help identify when a price is overbought or oversold, and when a trend is reversing. The ROC Indicator is a popular and useful tool for traders who want to make informed decisions about their trading strategies.
Heiken Ashi Oscillator
The Heiken Ashi Oscillator indicator is a popular, new and free Forex trading tool available on the MT4 platform. This indicator is designed to help traders identify trends in the market using Heiken Ashi candles that provide a more accurate representation of price action. The indicator works by analyzing the difference between Heiken Ashi candles and regular candles on the chart, providing a histogram that shows the strength of the trend. Use the Heiken Ashi Oscillator to improve your trading skills.
Reviews
There are no reviews yet.