The Candle Percentage Difference MT4 forex indicator displays the difference in % between the previous candle and the current one.
You can select any timeframe and add up to 8 forex pairs to monitor.
It’s a handy indicator if you want to check which currency pairs go up and which go down for your chosen timeframe.
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Download the “candledifference.mq4” MT4 indicator
Indicator Chart (USD/JPY D1)
The USD/JPY Daily chart below displays the Candle Percentage Difference forex indicator in action.
Basic Trading Signals
No signals from this indicator.
Candle Percentage ADX Super Trend Forex Scalping Strategy MT4
This MT4 scalping strategy combines momentum measurement from the Candle Percentage Difference Metatrader 4 Forex Indicator with directional trend confirmation from the ADX Super Trend Metatrader 4 Forex Indicator.
The Candle Percentage Difference indicator shows the relative strength of price movement by calculating the percentage difference between the current candle and the previous one, helping to spot potential breakout or reversal moments.
The ADX Super Trend line confirms the trend, with a blue line for bullish conditions and red for bearish, ensuring trades align with market momentum.
This strategy is ideal for M1 and M5 charts where short-term movements can be captured efficiently.
It is designed for active scalpers who want a clear, rule-based approach with defined entries and exits.
By combining momentum measurement with trend confirmation, this strategy reduces false signals and allows traders to target quick profits while controlling risk.
Buy Entry Rules
- Check that the ADX Super Trend line is blue, indicating bullish momentum.
- Monitor the Candle Percentage Difference indicator; wait for a positive spike in percentage change indicating strong upward movement.
- Enter a buy trade immediately after a positive candle percentage spike aligns with the blue ADX Super Trend line.
- Place the stop loss 2 to 3 pips below the most recent minor swing low or entry candle low.
- Close the trade when the ADX Super Trend line changes from blue to red.
Sell Entry Rules
- Confirm the ADX Super Trend line is red, indicating bearish momentum.
- Wait for a negative spike on the Candle Percentage Difference indicator signaling strong downward movement.
- Enter a sell trade immediately when the red ADX Super Trend line aligns with the negative percentage change.
- Place the stop loss 2 to 3 pips above the most recent minor swing high or entry candle high.
- Close the trade when the ADX Super Trend line changes from red to blue.
Advantages
- Combines real-time momentum measurement with trend confirmation, improving trade accuracy.
- Clear and simple visual signals make it easy to spot high-probability scalping opportunities.
- Flexible across multiple Forex pairs, allowing traders to focus on the strongest setups.
- Rule-based entry and exit using the ADX Super Trend line reduces emotional decision-making.
- Effective on low timeframes, capturing short-term price movements efficiently.
- Helps avoid countertrend trades by only taking positions in line with prevailing momentum.
Drawbacks
- Requires constant attention due to the fast pace of M1 and M5 scalping.
- Small stop losses make trades vulnerable to short-term price spikes or noise.
- False percentage spikes can lead to low-quality signals during choppy or ranging markets.
- Trend reversals may cause premature exits if relying solely on the ADX Super Trend line color change.
Case Study 1
On USDJPY M1 during the Tokyo session, the ADX Super Trend line was blue, confirming a bullish trend.
The Candle Percentage Difference indicator showed a sudden 0.35% increase compared to the previous candle.
A buy trade was entered with a 2 pip stop loss below the entry candle.
Price continued upward and the trade was closed when the ADX Super Trend line flipped red, capturing 18 pips, the majority of the short-term move.
Case Study 2
On AUDUSD M5 during the London session, the ADX Super Trend line was red, indicating bearish momentum.
The Candle Percentage Difference indicator printed a negative spike of -0.28%, signaling a strong downward move.
A sell trade was executed with a 3 pip stop loss above the recent high.
Price declined steadily, and the trade was closed for 22 pips when the ADX Super Trend line turned blue, securing a clean scalp.
Strategy Tips
- Always confirm the trend with the ADX Super Trend line before acting on Candle Percentage Difference spikes to avoid false entries.
- Focus on high liquidity sessions to reduce slippage and ensure fast execution.
- Monitor multiple pairs simultaneously but trade only the clearest setups with aligned trend and momentum.
- Let trades run until the ADX Super Trend line changes color, capturing the full short-term move.
- Keep a trading journal to track which pairs and percentage thresholds perform best over time.
- Skip trades if the Candle Percentage Difference shows minor spikes without clear trend alignment.
Download Now
Download the “candledifference.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (Candle Timeframe, Pair 1-8) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Price
