About the Candle Size Info Indicator
The Candle Size Info Indicator for MT5 displays numerical values for all visible candlesticks directly on the chart.
Bullish candles are shown as hollow bodies, and bearish candles are depicted with filled bodies.
This information helps traders gauge momentum strength and identify high-probability trade setups.
Trading in the direction of the prevailing trend improves the effectiveness of the signals, while counter-trend entries should be avoided.
Users can customize settings such as checking historical data, font type, and colors to suit their charting preferences and improve readability.
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candle_size_info_jj.mq5 Indicator (MT5)
Key Features
- Displays numerical values for all visible candlesticks.
- Hollow bodies indicate bullish candles; filled bodies indicate bearish candles.
- Customizable font, color, and historical data checks.
- Supports trend-aligned trading strategies.
- Helps identify strong momentum candles for entries.
Indicator Chart
The Candle Size Info Indicator overlays numerical candle values directly on the main chart.
Large bullish candles appear hollow with their size shown numerically, indicating strong upward momentum.
Large bearish candles are filled and display their size, signaling strong downward movement.
This visualization helps traders detect trend continuation opportunities and optimize entries and exits.
Guide to Trade with Candle Size Info Indicator
Buy Rules
- Confirm the market is in a clear uptrend.
- Wait for a large bullish candle to appear on the chart.
- Open a buy trade at the candle close or next candle open.
- Avoid buying if the candle forms near trend exhaustion.
Sell Rules
- Confirm the market is in a clear downtrend.
- Wait for a large bearish candle to appear on the chart.
- Open a sell trade at the candle close or next candle open.
- Avoid selling near support zones or during low momentum periods.
Stop Loss
- For buy trades, place the stop loss slightly below the large bullish candle.
- For sell trades, place the stop loss slightly above the large bearish candle.
Take Profit
- For buy trades, close the position at a fixed pip target (e.g., +25 pips on the M15 chart).
- For sell trades, close the position at a fixed pip target (e.g., +10 pips on the M1 chart).
- Consider partial exits for larger timeframe trades to secure profits.
- Adjust targets based on volatility and prevailing trend strength.
Candle Size Info Forex Strategy with VIDYA Indicator for MT5
This trading strategy combines the Candle Size Info Indicator with the VIDYA Indicator to create a simple but effective momentum-based approach.
The idea behind this strategy is straightforward. Candle size reflects market strength, while VIDYA adapts to price movement and highlights trend direction.
When both indicators align, the probability of a strong move increases.
This method works best on M15, M30, and H1 timeframes.
It suits traders who prefer clear visual confirmation instead of complex analysis. The strategy focuses on momentum entries with controlled risk.
Buy Entry Rules
- Wait for the VIDYA line to turn lime green, indicating a bullish trend.
- Look for a strong bullish candle with a larger-than-average size displayed by the Candle Size Info Indicator.
- Enter a buy trade at the close of the bullish candle.
- Place the stop loss below the recent swing low or below the signal candle.
- Close the trade when VIDYA changes color to deep pink or momentum weakens.
- You can also target the next resistance level.
Sell Entry Rules
- Wait for the VIDYA line to turn deep pink, indicating a bearish trend.
- Look for a strong bearish candle with a larger-than-average size shown by the Candle Size Info Indicator.
- Enter a sell trade at the close of the bearish candle.
- Place the stop loss above the recent swing high or above the signal candle.
- Close the trade when VIDYA changes color to lime green or momentum fades.
- You can also aim for the next support level.
Case Study 1: EURUSD M15
On EURUSD M15, a large bullish candle stood out clearly with a higher value compared to previous candles.
At the same time, the VIDYA line had already turned lime green. This alignment confirmed strong upward momentum.
A buy trade was opened after the candle closed. The stop loss was placed just below the candle.
Price continued rising steadily, and the position was closed when VIDYA later shifted color, securing the profit.
Case Study 2: GBPJPY H1
On GBPJPY H1, the VIDYA line turned deep pink, signaling a bearish trend. Shortly after, a large bearish candle formed, clearly highlighted by the Candle Size Info Indicator.
The candle size confirmed strong selling pressure. This provided a clear momentum-based entry.
A sell trade was entered at the close of the candle, with a stop loss placed above the recent high.
Price moved downward with consistent momentum.
The trade was closed for 62 pips when the VIDYA line began to change direction, locking in gains from the move.
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candle_size_info_jj.mq5 Indicator (MT5)
FAQ
Can I customize the appearance?
Yes. Users can change font type, colors, and choose whether to include historical candle values.
How does candle size help in trading?
Large candles indicate strong momentum in the trend direction. Using these candles for entries improves the probability of successful trades.
Should I trade counter-trend signals?
It is recommended to trade only in the direction of the trend. Counter-trend trades can be riskier and less reliable.
Summary
The Candle Size Info Indicator provides numerical values for all candlesticks, helping traders quickly assess momentum strength and trend direction.
Hollow bullish candles and filled bearish candles make it easy to identify strong moves.
By focusing on trend-aligned setups and large momentum candles, traders can improve timing for entries and exits.
Customizable display options allow integration into any chart layout, making it a practical tool for intraday and swing trading strategies.
