AtoZ Markets indicator gallery offers the Basing Candlesticks Indiator for free.
Basing Candlesticks MetaTrader indicator -- This indicator detects and marks basing candlesticks on the chart. Basing candles are candles whose body length is less than half of their high-low range. The indicator highlights basing candles by using histogram lines in MT4 or custom candles in MT5. It can be found directly on the main chart. You can change the percentage criterion by entering parameters. You can also set up alerts to be notified when a new basing candle is available.
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How do I download and install an indicator
These steps will help you install the indicator onto your MT4/MT5 platform.
- At the bottom of your screen, click on the " download indicator" button.
- Save the file to your hard drive.
- Move the files to the MT4>Indicator directory in the MetaTrader4 software folder.
- Start your Metatrader platform.
- Navigate to " Indiators."
- To apply the "Basing Candlesticks template" to the chart, select it.
Note that This indicator has been created by a third-party. AtoZ Markets has no copyrights to this trading tool.
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