The Candles Ratio indicator was written for the MT4 platform and displays the ratio between the bull candles and bear candles in a separate MT4 window.
It updates the bull/bear ratio data in real-time.
Key Takeaways
- A green line displays the candlesticks bull/bear ratio.
- Updates the ratio data in real-time with every tick.
- Use together with other indicators and trading tools.
Free Download
Download the “candles-ratio-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (EUR/USD H1 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Candles Ratio MT4 Forex Indicator
This indicator won’t generate any trading signals.
Combine it with an existing trading strategy, system or price action.
Download This Forex Indicator
Download the “candles-ratio-indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
Period CN, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The indicator can’t be used as a standalone trading system or strategy.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: candlestick
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
