The blue line – a part of the total length of the candle
The green line – a part of the upper shadow of the candle length
The red line – a part of the lower shadow of the candle
The future correlations between these lines, if the corresponding figures of japanese analysis are used, are represented on the pointed region.
MT4 Indicator Download – Instructions
CandRelation is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
CandRelation 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.
How to install CandRelation.mq4?
- Download CandRelation.mq4
- Copy CandRelation.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on CandRelation.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator CandRelation.mq4 is available on your Chart
How to remove CandRelation.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: