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A Multi-Pair Panel for Candle Range and Direction

Article MQL5 code base
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Summary

This document describes a custom indicator panel that summarizes candle information for 28 currency pairs. For each selected period, it displays the candle’s high-low range and whether the candle is bullish or bearish, using live market data. A user can click a symbol button to open that instrument, making the panel a compact way to scan several pairs without switching charts repeatedly.

The candle number setting chooses the current running bar or an earlier bar, while the timeframe setting controls the period shown independently of the chart’s own timeframe. Display options include colors for bullish and bearish buttons, text color, button size, and whether to show bid or ask market price. The description explains the interface and its configurable inputs, but provides no calculation details, examples, performance evidence, or trading rules. The panel may help with a quick market overview, yet candle range and direction alone do not establish trend, signal quality, or a suitable entry decision.

Key ideas

  • The panel summarizes candle range and bullish or bearish direction across 28 currency pairs.
  • Its timeframe can be set independently of the chart timeframe.
  • The candle number setting selects either the current bar or a previous bar.
  • Users can optionally display bid or ask price and customize panel appearance.
  • The description gives no evidence that the panel alone produces profitable trading signals.

Tags

ForexTechnical indicatorsMarket microstructure

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.