Bull & Bear Candle Counter Indicator For MT5

The Bull & Bear Candle Counter indicator for Metatrader 5 identifies a series of consecutive bullish and bearish candles and numbers them.

Key takeaways:

  • A strong trend usually occurs when the number of consecutive bullish or bearish candles is high.
  • A weak trend usually occurs when the number of consecutive bullish or bearish candles is low.

The following indicator inputs and parameters allow for customization: font size arrow, bull arrow candle, bear arrow candle, cross arrow candle, alerts, and count candles.

Please make yourself familiar with this technical indicator and test it first on a demo account.

It supports all time frames and Forex pairs.

Download Indicator 🆓

mCandle_row.mq5 Indicator (MT5)

Chart Example

The following chart shows how the Bull & Bear Candle Counter indicator looks when applied to the MT5 chart.

How To Buy And Sell Forex Pairs With The Bull & Bear Candle Counter Indicator?

The candle counter indicator for Metatrader 5 doesn’t deliver any buy or sell trading signals.

Please combine with other technical indicators or with an existing trading system of your preference.

Download Now 🆓

mCandle_row.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the mCandle_row.mq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration