Wick Length MT5 Indicator


Wick length indicator displays the candle wick length in points in a separate chart window.

It has one configurable parameter:

  • Method – display method
    • Separated – separate
    • Separated Opposite Only – separated, opposite wicks only
    • Cumulative
    • Difference

Display methods:

  1. Separated display method:
    Wick length is displayed “as is”:
    Upper wick – upper wick length,
    Lower wick – lower wick length
  2. Separated, opposite wicks only:
    • If the candle is bullish:
      Upper wick = 0
      Lower wick = lower wick length
    • If the candle is bearish:
      Upper wick = upper wick length
      Lower wick = 0
  3. Cumulative:
    The ‘Upper wick’ buffer is named “Wick cumulative” and displays the sum of the upper and lower candle wick
    The ‘Lower wick’ buffer is not displayed
  4. Difference:
    The ‘Upper wick’ buffer is named “Wick difference” and displays the difference between the candle’s upper and lower candle
    The ‘Lower wick’ buffer is not displayed

MT5 Indicators – Download Instructions

Wick Length MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

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

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

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How to install Wick Length MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download Wick Length MT5 Indicator.mq5
  • Copy Wick Length MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Wick Length MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Wick Length MT5 Indicator.mq4 is available on your Chart

How to remove Wick Length MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Wick Length MT5 Indicator (Free Download)

Click here below to download:

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