Reading Candle Range, Body, Wicks, and Volume with a Chart Crosshair

Summary

This document describes an interactive chart crosshair indicator for MetaTrader that displays candle information while the cursor moves across a chart. Its information line can show bar distance, OHLC prices, total range, body and wick proportions, tick volume, and candle close time. Display options allow users to choose which fields appear, and the crosshair can be frozen to retain a reference level or compare two chart locations. The indicator is described as supporting multiple asset classes, with distances shown in pips or points as appropriate.

The material is a feature and usage description, not a trading strategy or empirical study. It explains how candle measurements can be inspected visually but does not claim that any metric predicts returns or improves execution. No performance evidence, testing method, or caveat about platform-specific price and volume conventions is provided. The metrics may help chart review and manual analysis, but their interpretation and any trading decisions remain the user’s responsibility.

Key ideas

• The crosshair displays candle OHLC data, range, body and wick proportions, tick volume, and close time.
• Users can choose which measurements appear in the chart information line.
• Freezing the crosshair preserves a chart reference and supports distance measurement between locations.
• The document describes a charting utility and provides no evidence that its displayed metrics predict market outcomes.

Tags

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