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Forex Candle Predictor

Predict the next price movement using the Forex candle predictor MT4 indicator. Excellent technical analysis tool for predicting the next 13 bullish and bearish candles. Download now to see the future candles.

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Description

The Forex candle predictor MT4 indicator helps forex traders to understand the potential direction of the market for the next few candles. It predicts the next 13 candles of any forex currency pair. Furthermore, it predicts the bullish and bearish candles. As a result, forex traders can identify the trend direction and calculate best stop loss and take profit targets.

Features of Forex Candle Predictor MT4 Indicator

The indicator plots the candle body in Aqua, Bull candle in Black and Bear candle in White. It is easy and effective for new and advanced forex traders. The prediction candles form continuously next the current candle and adjust according to the market conditions.

In effect, the indicator changes the prediction candles according to the changes in the high and low of the current candle. So, traders should follow them closely and adjust the trading plan or stop loss and profit target accordingly.

For best results, traders should use the predictions in confluence of the trend direction and other technical indicators. Moreover, the indicator tends to provide better results in higher time frames above the H4.

Benefits of Forex Candle Predictor MT4 Indicator

The indicator does most of the technical analysis for you and predicts the upcoming candles and their direction. It works on all forex chart time frames and is suitable for scalpers, short and long-term forex traders.

Getting a preview of the future price movement is beneficial to the forex traders in multiple ways. In fact, the predictions may not reflect the exact price movement or open, high, low and close of candles. However, the best use is to place the stop loss and profit target within the range of predicted candles.

Indicator Settings Description

CandleBody:, BullCandle:, BearCandle: Color of the predicted candles.

IndicatorNameView: Display the name of indicator on the price chart.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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.

 

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