Candle Size Alert Indicator voor MT5

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Candle Size Alert Indicator for MT5

Introduction to the Candle Size Alert Indicator

Momentum is one of the hints that technical traders look for when trying to decipher where the market is moving, but what is it really. Momentum has two main elements, which is speed and size. The Candle Size Alert Indicator is a tool which can objectively qualify a candle if it has enough size to be considered as a momentum candle.

What is the Candle Size Alert Indicator?

Net zoals de naam al doet vermoeden, the Candle Size Alert Indicator is a custom technical indicator which alerts traders whenever it detects a candlestick which is substantially larger than other candles.

This technical indicator identifies a large candlestick by plotting a yellow dot above the identified candlestick.

Candle Size Alert Indicator voor MT5

How the Candle Size Alert Indicator Works?

The Candle Size Alert Indicator has a threshold limit wherein if a candle has a range larger than the predetermined threshold, the indicator will identify the candle as a large sized candle and place a dot above the identified candle. This threshold limit can be modified by the user according to their preference and according to their trading strategy.

How to use the Candle Size Alert Indicator for MT5

The Candle Size Alert Indicator allows traders to modify the candle size threshold within the indicator settings. This can be tweaked on the “Size level” variable on the indicator settings. Note that the “Size level” variable is measured in points. If you are measuring by pips, simply add another “0” to convert the measure into points.

The “Displays only last bar” option toggles the option to display a dot only on the last candle on or off.

The “Use alerts” option toggles the alerts on or off.

Candle Size Alert Indicator voor MT5

This indicator can be used as a tool to measure whether a candle has enough size to be considered as a momentum candle. This can then serve as a confirmation of a trade setup based on momentum breakouts.

Different currency pairs and tradeable instruments have varying volatility ranges. This is also true with differing timeframes and trade horizons. Users can standardize the threshold by using a multiple of the Average True Range (Atr) as a basis.

Trade Setup kopen

Wanneer moet u invoeren?

Identify a trade setup which requires a bullish momentum breakout to confirm the trade. Open a buy order on the confluence of a bullish momentum candle and a dot placed by the indicator. Zet de stop loss bijgaand kaars.

Wanneer moet u afsluiten?

Sluit de handel zodra de prijs actie tekenen van een dalende omkering toont.

How to use the Candle Size Alert Indicator for MT5 - Koop handel

Handelsinstellingen verkopen

Wanneer moet u invoeren?

Identify a trade setup which requires a bearish momentum breakout to confirm the trade. Open a sell order on the confluence of a bearish momentum candle and a dot placed by the indicator. Zet de stop loss boven de ingang kaars.

Wanneer moet u afsluiten?

Sluit de handel zodra de prijs actie tekenen van een bullish omkering toont.

How to use the Candle Size Alert Indicator for MT5 - Handels verkopen

Conclusie

Many traders use momentum breakout candles as an entry trigger. Echter, most would try to identify such momentum breakout candles based on a subjective observation of the candle. The Candle Size Alert Indicator can help traders standardize what they would consider as a momentum candle which is an important trigger for many trading strategies.

MT5-indicatoren – Downloadinstructies

Candle Size Alert Indicator for MT5 is a Metatrader 5 (MT5 MT5) indicator en de essentie van deze technische indicator is het transformeren van de geaccumuleerde geschiedenis gegevens.

Candle Size Alert Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Op basis van deze informatie, handelaren kunnen verdere prijsbeweging aannemen en hun strategie dienovereenkomstig aanpassen. Klik hier voor MT5 Strategies

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How to install Candle Size Alert Indicator for MT5.mq5 to your MetaTrader 5 Grafiek?

  • Download Candle Size Alert Indicator for MT5.mq5
  • Copy Candle Size Alert Indicator for MT5.mq5 to your Metatrader 5 Directory / Deskundigen / Indicatoren /
  • Start of start uw Metatrader opnieuw 5 Client
  • Selecteer Grafiek en tijdsschema waar u uw mt5-indicator wilt testen
  • Zoek “Aangepaste indicatoren” in uw Navigator meestal links in uw Metatrader 5 Client
  • Right click on Candle Size Alert Indicator for MT5.mq5
  • Aan een grafiek koppelen
  • Instellingen wijzigen of op ok drukken
  • Indicator Candle Size Alert Indicator for MT5.mq4 is available on your Chart

How to remove Candle Size Alert Indicator for MT5.mq5 from your Metatrader 5 Grafiek?

  • Selecteer de grafiek waar de indicator wordt uitgevoerd in uw metatrader 5 Client
  • Klik met de rechtermuisknop in de grafiek
  • “Lijst met indicatoren”
  • De indicator selecteren en verwijderen

Candle Size Alert Indicator voor MT5 (Gratis downloaden)

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