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Unlock Market Insights with the Candle Replay Magnifier for MetaTrader 5

Mike • 2025-07-10 21:37
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Features:

Get ready to elevate your trading game with the Candle Replay Magnifier! This nifty tool allows you to:

  • Overlay historical candles from any date directly onto your current chart.
    • Automatically adjust the replay zone as the live chart moves.
  • Access dynamic tooltips that provide:
    1. Time.
    2. Open, High, Low, Close.
    3. Candle Range.
    4. Direction (Bullish/Bearish).
    5. Volume.
  • Customize colors for bullish and bearish candles.
  • Interactively select and drag the overlay region.
  • Use it on intraday timeframes (from M1 to H1).

Parameters:

Parameter Name Description
InpReplayDate Set the date for fetching historical candles.
InpMainZoneColor Choose a color for the main live zone rectangle.
InpReplayZoneColor Set the color for the replay overlay zone.
InpBullColor Pick a color for bullish replay candles.
InpBearColor Choose a color for bearish replay candles.

How to Use:

Follow these simple steps to get started:

  1. Attach the indicator to your chart (intraday works best).
  2. Select the Replay Date using the input panel.
  3. The indicator will display a red "Main Zone" on your chart.
  4. A green "Replay Zone" will show historical candles aligned to the current position.
  5. Hover over the replay bars to view candle details.

What's Inside the Zones?

  • The first candle in the Main Zone corresponds to the first candle from your selected Replay Date.
  • The current live candle aligns with the last candle of the green Replay Zone.
  • This setup allows you to easily analyze:
  1. "How did the market perform at this position last time?"
  2. "Are we seeing a similar pattern unfold?"

What's Around My Current Candlestick?

  • The current candlestick in the red Main Zone matches the last candle in the green Replay Zone, precisely aligned by time and open price.
  • The first candle on the left of the Main Zone corresponds to the first candle of the Replay Zone (from the selected date).
  • The last (current) candle of the Main Zone matches the last candle from the Replay Zone, making for a seamless comparison.
  • This helps you answer:
  1. "What did price do next the last time we were at this level and time of day?"

Notes and Limitations:

  • Zone Range: Large replay ranges may slow down performance on low-end devices.
  • No Wicks: Only candle bodies are displayed; upper and lower shadows are omitted.
  • No Buffers: This indicator uses only chart objects (rectangles), not indicator buffers.
  • Redraws on New Bar: The full replay zone is re-rendered with each new tick, which may affect performance.
  • Market Closed on Replay Date: If the market was closed on the selected date, no candles will appear.
  • Replay Offset Risk: If some bars are missing on the replay date, the green replay zone may misalign, affecting the current candle's open price.
  • Only Intraday Timeframes Supported: This tool is specifically designed for intraday use (below daily timeframe).

Screenshots:



Conclusion: Whether you're a pattern trader, scalper, or simply want to visually compare market behavior, the Candle Replay Magnifier is a tool that adds a fresh perspective to your analysis. Give it a go and share your thoughts!

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