If you're trading on MetaTrader 5, you might want to take a closer look at the Candle Count Histogram Indicator. This handy tool helps you analyze bullish and bearish bars over a specified period, giving you a clearer picture of market trends.
The indicator works by counting the number of candles from the starting bar (the first bar on the right of your chart) to the end bar (located on the left).
For instance, if you set the 'starting bar' to 0 and the 'end bar' to 5, you can easily visualize the candle count in that interval:
One of the best ways to utilize this indicator is by applying it across multiple timeframes with the same settings. This strategy can provide you with a comprehensive view of market behavior:
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