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Candlestop 2 Metatrader 4 Forex Indicator

    The Candlestop 2 Metatrader 4 indicator can be used to confirm trade entries and exits.

    The indicator consists of 2 lines that fluctuate above or below the currency pair price.

    In strong trends, the price is aligned above or below the two Candlestop lines (purple & green).

    • During strong up trends, price is aligned above the purple and the green line.
    • During strong down trends, price is aligned below the green and the purple line.

    Use together with other indicators or analysis tools to built a complete trading system or strategy.

    The indicator can be applied to any currency pair and timeframe.

    Free Download

    Download the candlestop2.mq4” MT4 indicator

    Example Chart

    The GBP/USD D1 chart below displays the Candlestop 2 forex indicator in action.

    Basic Trading Signals

    No trading signals from this indicator.


    Download the candlestop2.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern

    Customization options: Variable (TrailPeriods) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Overlay


    Copy and paste the candlestop2.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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