Candle Difference Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the Candle Difference Indicator

The Candle Difference indicator displays the change in price as a percentage relative to the open price of the current candle. It can display up to 8 pairs on the chart.

It fits all kinds of timeframes and currency pairs.

The indicator is displayed directly on the main trading chart.

The Candle Difference indicator allows choosing a candle time frame in the settings.

The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the Candle Difference indicator in MT4?

Installation Guide

Copy and paste the candledifference.ex4 or candledifference.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Candle Difference indicator is well worth adding to your trading collection. This forex indicator doesn’t generate buy sell signals on its own. It should be rather used as a supporting tool in your technical analysis, but not used as a standalone trading decision-maker. Feel free to develop your own trading system based around it.