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Dominant Candle Finder MT5

Dominant Candle Finder is a significant candlestick on a price chart that stands out due to its size, volume, or price movement compared to surrounding candles. It often indicates strong buying or selling pressure and can be used to identify potential reversal points, breakouts, or continuations in the market. Dominant candles can serve as key indicators for traders to make informed decisions, providing insights into market sentiment and potential future price movements.

Inputs:

  1. Symbol Method: Current Chart / Custom Pairs / Market Watch
  2. Custom Pairs: Add your favorite pairs to scan
  3. Select Timeframe: M30, H1, H4, D1
  4. Lookback: Default 80
  5. Rescan Time (Minutes): Default 15
  6. History: True / False (Show previous Dominant candles)
  7. Show Price: True / False (Display big candle body high/low price)
  8. Master Candle (Points): Default 20 points (Minimum big candle size)
  9. Minimal Candle: Default 3
  10. Alert Type: Pattern / Breakout / Both

    Video Tutorial

    For a detailed walkthrough on how to use the Dominant Candle Indicator, including setting up and interpreting the inputs, please watch the video tutorial provided. This will give you a comprehensive understanding of the indicator's functionality and practical applications.


    Feel free to contact me if you need any assistance.


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    TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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    Juvenille Emperor Limited
    5 (14)
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    Blahtech Limited
    4.54 (13)
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    Noha Mohamed Fathy Younes Badr
    5 (1)
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    Suvashish Halder
    5 (2)
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    Suvashish Halder
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    Suvashish Halder
    5 (5)
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