The Candle Body Size indicator for Metatrader 4 is a simple tool that displays the body size of each candlestick on the activity chart.
Candle Body Size reveals market volatility. The indicator appears in the main MT4 chart window.
The indicator itself does not generate any buy or sell signals.
Please combine with other technical indicators.
Free Download:
Download the “candle-body-size.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Candle Body Size mt4 indicator in action on the trading chart.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trading strategy
Repaint? No.
Download Now:
Download the “candle-body-size.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the candle-body-size.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
