Welcome back, fellow traders! Today, we're diving into the nitty-gritty of candlestick patterns, specifically focusing on how to analyze their body range, high-low range, and wick ranges in MetaTrader 5.
To get started, simply click on any candlestick in your chart. This action will reveal valuable metrics, including:
- Bullish Candlestick Body Range: Calculated as Close - Open
- Bearish Candlestick Body Range: Calculated as Open - Close
- High-Low Range: This represents the overall range and is calculated as High - Low
- Upper Wick Range: The distance from the high to the body of the candlestick.
- Lower Wick Range: The distance from the low to the body of the candlestick.
Need to make some edits? Just hit the D key to delete any text you’ve entered.
Understanding these components will greatly enhance your trading strategy. Happy trading!
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