Displaying Candle Price Change as a Percentage of Its Open

Summary

This short indicator description explains how to display price change as a percentage of the current candlestick’s opening price. The displayed value is relative to that candle’s open, rather than a return calculated from a prior candle’s close. The user can choose the candlestick timeframe, and the indicator can show values for as many as eight pairs in a chart comment.

The document identifies the author and says the indicator was first implemented in MQL4 and published in 2012. It describes the display’s basic function but does not provide a trading rule, a signal interpretation, performance evidence, or guidance on how to use the percentage reading. As a result, it is best understood as a charting aid for comparing current candle movement across selected pairs and timeframes, not as a tested strategy.

Key ideas

• The indicator expresses the current candle’s price change as a percentage of its open.
• Users can choose the candlestick timeframe.
• The chart comment can display readings for up to eight pairs.
• The description gives no signal rules or evidence of trading performance.

Tags

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