Settings Forex indicator Candle Size Alert:
Forex Indicator CandleSizeAlert MT4 – this indicator gives the signal in the form of an arrow up or down, if the candle formed is more than a certain set value. This indicator is useful to use as an addition to the trading system. A long candle at the end of the existing trend indicates the depletion of this movement. Conversely, a large candle against the existing trend indicates a change in sentiment in the market. If we talk in terms of candle analysis, then such a candle (candle model) is called an absorption candle. Traders are used to adjust input and output signals on trend, level, channel, and other indicators.
Type of indicator: informative.
Temporal timeframe for trading: any.
Financial instrument: forex market, stock and commodity market.