Stream Indicator for Detecting Large Candle Bodies

Summary

The Stream indicator marks price bars whose body meets or exceeds a user-set minimum size. Its trigger uses the bar’s opening and closing prices, so the signal concerns the open-to-close move rather than the full high-to-low range. The provided parameter sets the minimum body size; the document does not explain units, such as points or ticks, or describe any additional filtering.

This is a simple way to scan charts for unusually large directional candles. The document gives no trading rules for interpreting the marks, no performance evidence, and no guidance on how to choose a threshold across instruments or timeframes. A marked bar alone therefore does not establish continuation, reversal, or a profitable entry. The indicator is described as an MQL4 tool originally published in 2016, but its calculation details beyond the body-size condition are not provided.

Key ideas

• The indicator marks bars when the open-to-close body meets a configurable minimum size.
• The bar’s high and low are not described as part of the trigger.
• The document gives no method for selecting the threshold or interpreting a marked bar as a trade signal.

Tags

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