Candle Body Size Indicator MT4 + MT5

Built for MT4 and MT5, the Candle Body Size Indicator reads configured candle and chart patterns as they appear and prints clear cues. You drag it on. You set two or three inputs. The tool does the rest.

What the Candle Body Size Indicator does on the chart

Also, the logic is simple, with no machine learning, no curve fitting, and no hidden lookahead. Indeed, the indicator reads the bars and outputs a single visual you can read at a glance.

The Candle Body Size Indicator reads price, volume, and recent bar structure. Still, it plots the result on the chart. You can read it at a glance. Thus, it is built for MT4 and MT5. You drag it onto any chart in one step.

Key features and settings

• Scans bar combinations for the configured pattern
• Marks valid setups on the chart with a small icon
• Optional alert toggle when a new pattern prints
• Easy to disable individual pattern types you do not use
• Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels can be toggled independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
• Built for MT4 and MT5; works on every timeframe the platform supports.
• Lightweight code that does not slow down the chart.

Setting	Description	Recommended default
Pattern set	Which patterns to scan for	All
Min body ratio	Minimum candle body ratio for a valid pattern	0.6
Alerts	Toggle alerts when a new pattern prints	Off
Color theme	Switch between dark and light chart palettes	Dark
Show on chart	Toggle the on-chart visual without removing the indicator	On

How to read signals from the Candle Body Size Indicator

This indicator highlights configured candle and chart patterns as they appear. Hence, a typical workflow looks like this.

Entry idea (long). Wait for a configured bullish pattern to print on the higher timeframe trend. Next, wait for the bar to close. Intra-bar values can shift.

Entry idea (short). Wait for a configured bearish pattern to print at a higher-timeframe resistance. The same close rule applies.

Exit idea. Some traders take partial profit at one R and trail the rest with structure. Some traders trail with structure. Others trail with the indicator itself.

These are concepts, not rules. Then, backtest on your instrument and timeframe before live capital.

Recommended timeframes and instruments

The Candle Body Size works on every timeframe MT4 and MT5 supports. Most traders use it on:

• M15 to H1 for intraday setups during active sessions.
• H4 for trend context and confirmation.

Common instruments where this style of tool is applied include EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD, and major indices such as US30 and NAS100.

How to install on MT4 and MT5

Installation is the same for every indicator on this site. Yet, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.

Best practices and tips

• Combine the Candle Body Size Indicator with one other tool. A higher-timeframe trend filter or a session tool works well.
• Keep position sizing small while you learn the tool on your instrument.
• Backtest the configuration on at least 200 closed bars before live use.
• Do not chase signals that fire mid-bar. Wait for the close.
• Review your trades weekly. Prune settings that did not perform on your own backtest.

Get the Candle Body Size for MT4 and MT5

In practice, tap the button below to grab the tool for MT4 and MT5. Truly, enter your email and the file lands in your inbox right away.

Enter your email and the file lands in your inbox right after. The download is free.

Related on forexmt4systems.com: MACD Trend Following Strategy for NZDUSD on H1.

FAQ

What does the Candle Body Size measure?

It plots a clear signal layer that the Candle Body Size computes from recent price and volume on the chart.

Is the Candle Body Size Indicator non-repaint?

As a result, by default the indicator only confirms a signal on the bar close, so the printed signal is fixed once that bar closes. Plainly, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.

Which timeframe should I use?

There is no single best timeframe. Also, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.

Does it work on instruments other than forex?

Typically, it works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. Indeed, fast-moving instruments may need a smaller period setting.

Can I add alerts?

Yes. Still, Pop-up, sound, push, and email alerts can be toggled in the inputs. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Thus, it ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. Each channel is toggled independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Hence, alerts trigger once per closed bar.

For external background reading, see the technical indicator basics.

Are results guaranteed?

No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the indicator as one input. Always backtest before trading live.