Candle Direction Indicator

Platform: MT4 Type: Trend

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Last update: November 23, 2024

The Candle Direction Indicator for MT4 provides information for each time frame whether current bar is bullish, bearish or neutral.

In the top left corner of the chart there are red, green or white squares tagged with corresponding tf. This data allows traders to see bigger picture and to understand what is going on with quick glance of an eye.

It’s an useful addition to almost any trading strategy as a supplement or confirmation for technical analysis.

Example chart:

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