The Forex Bottom Candles indicator for Metatrader 4 draws the bullish and bearish candlestick in a bottom chart of the trading platform.
A bullish candlestick is colored blue while a bearish candlestick is colored green.
The default candlestick colors can be easily changed by editing the indicator’s inputs.
Buy & sell signal:
- A blue colored candlestick is a bullish signal.
- A green colored candlestick is a bearish signal.
From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.
It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.
Try first on a demo account until you fully understand how this indicator works!
Free Download
Download the indicator-candles.mq4 indicator file (MT4)
Indicator Chart Example
The picture above shows the indicator attached to the U.S. Dollar / Japanese Yen chart.
How to install the Forex Bottom Candles indicator to your Metatrader 4 platform?
- Download the indicator-candles.mq4 indicator file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
- Click on “MQL4” and open the “Indicators” folder
- Paste the indicator file in this folder
- Restart Metatrader 4 and you’re ready to start using the indicator
How to edit the indicator?
- Attach the indicator to any trading chart of your preference
- Right click in the chart and select “Indicators List” from the drop down menu
- Select the indicator from the list and click on “Edit”
- Now you can start editing the indicator (Inputs, Colors and Visualization)
- Final step, click on the “OK” button to save the new configuration