Candle Range Indicator for MetaTrader is an incredibly user-friendly and lightweight tool designed to help you understand price movements better. By simply hovering your mouse over a candle, this indicator displays its range in pips, making it easier to gauge market volatility. Plus, it can show the body size (Open/Close) of each candle, giving you even more insight into price action. Available for both MT4 and MT5, this indicator is a must-have for any serious trader.
Input Parameters
- ShowBodySize (default = false) — When set to true, the indicator will also display the size of a candle's body.
- HavePipettes (default = false) — If true, it assumes the currency pair includes pipettes and adjusts the pip ranges accordingly.
- TrueRange (default = false) — When enabled (true), the indicator calculates the true range, including gaps, rather than the standard range.
- font_color (default = clrLightGray) — Choose the color for the candle range display.
- font_size (default = 10) — Set the size of the text for the candle range display.
- font_face (default = "Verdana") — Select the font style for the candle range display.
- corner (default = CORNER_LEFT_UPPER) — Specify where the candle range will appear on your chart.
- distance_x (default = 3) — Adjust the horizontal distance from the corner to the indicator.
- distance_y (default = 12) — Set the vertical distance from the corner to the indicator.
- DrawTextAsBackground (default = false) — If set to true, the candle range value will be drawn as a background, which can help keep your chart clear and readable.
- ObjectPrefix (default = "CR-") — This prefix is used for chart objects to maintain compatibility with other indicators.
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