Strength Candles Indicator
Forex market strength, from the best Strength Candles Indicator for MT4. Find the strength of any forex pair on any timeframe.
Description
The Strength Candles Indicator is a simple MT4 indicator that tells about the strength of the current candle at any timeframe. The timeframe ranges from 1M to 1D.
The indicator plots a percentage bar on the right-hand side and gives the green and red percentages.
The good thing is you can use this great indicator at any timeframe.
How to use the Strength Candles Indicator for MT4?
The above USDJPY H4 chart shows the Strength Candles Indicator.
The indicator doesn’t directly give BUY/SELL signals; instead, you have to look at the percentage to determine the overall trend. After that, you can use the indicator and other indicators like the RSI or Moving Averages to confirm the overall trend.
A high green percentage means a high bullish momentum, while a high red percentage shows high bearish momentum.
Conclusion
The Strength Candles Indicator for MT4 shows each timeframe’s forex pairs’ strength. It helps determine the market’s overall picture and is especially useful when scalping.
If you want to try the indicator, you can download the indicator for free on our website.