StreamСCandles – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Real author: Yuriy Tokman (YTG)

    The indicator colors candlesticks whose size multiplied by volume exceeds a preset value. Depending on settings, the indicator can take into accounts the candlestick body or the entire candlestick size.

    Indicator input parameters:

    //| Indicator input parameters                   |
    input ENUM_MODE Candles_Mode=OPENCLOSE;              //size option
    input uint Candles_Size=1000;                        //minimum candlestick size for triggering
    input ENUM_APPLIED_VOLUME_ VolumeType=VOLUME_TICK_;  //Volume
    input uint NumberofBar=1;                            //Bar number to generate a signal
    input bool SoundON=true;                             //Enable alerts
    input uint NumberofAlerts=2;                         //The number of alerts
    input bool EMailON=false;                            //Enable email notifications
    input bool PushON=false;                             //Enable push-notifications

    Originally this indicator was written in MQL4 and was published in the Code Base on 22.01.2016.

    Fig1. The Stream indicator

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    Fig1. The Stream indicator

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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