Analyzing candlesticks is a fundamental part of chart analysis. There is so much you can learn from the candlesticks, and you can get clues about the direction of the market and also important price ranges that may exist.
This MT4 indicator is useful for analyzing candlestick charts. By using this indicator, you can easily see the strength of each candlestick.
This indicator displays the difference between the closing price and the opening price of each candle in the subwindow below the main chart. If the closing price and opening price are the same, the indicator’s value is zero. When using it, it is a good idea to set thresholds and levels for ease of use.
Tips on how to use:
Close Price-Open Price / Pips
Download "Candle Strength" for free from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.
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