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The image above is a trade on the pair GBP/USD with the Master Candle indicator on the chart.
The indicator will draw the master candle on the chart plus the buy and sell lines for a visual guide.
Option |
Description |
|---|---|
| maxMasterCandleSize: 105 | The max size of the Master Candle |
| minMasterCandleSize: 40 | The min size of the Master Candle |
| Spread: 7 | Change to what ever your average spread is. |
| masterSignalColor: Black | Change to any color you would like |
| upperSignalColor: Green | Change to any color you would like |
| lowerSignalColor: Red | Change to any color you would like |
| Line Width: 0-999 | Size of line on chart |
| Alerts: True/False | Turns the alerts on and off. |
Install Instructions
1) Download/Copy/Save/unzip the MC_Indicator.EX4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder
2) Close your MetaTrader application (assuming it's currently open ... Ignore this if the application hasn't been launched)
3) Launch your MetaTrader application
4) On the left hand side, look for the "Navigator" window
5) Under the "Common" tab, look into the "Custom Indicators" directory
6) Locate the indicator which you have just downloaded into the folder stated in Step 1
7) Drag (Click and drag) the indicator onto the chart
