MPC – indicator MetaTrader 5

MPC indicator
Real author: alexjou In trading systems, based on the channel breakout, the long position is opened when the price shows new X days maximum, and short position is opened when the price forms new X day minimum. It allows to forecast the trend direction. But there is a problem – very often trend detected with

MPC – Measure Popular Candles – script MetaTrader 5

MPC - Measure Popular Candles - script for MetaTrader 5
The idea of creating the script I want to introduce you a small script “MPC – Measure Popular Candles” which measures (searches) the most frequently occurring candlesticks. This script visually displays the scale using the previously set parameters. This script displays the frequency of candlesticks which have different size of bodies and shadows. The idea