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Basing Candlesticks is a MetaTrader indicator to detect and mark basic candlesticks (where body length is less than 50% of the total length) on the chart.

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EarnForex/Basing-Candlesticks

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Basing Candlesticks

Basing Candlesticks is an indicator for MT4 and MT5 by EarnForex.com. It marks up basic candlesticks directly on the chart.

Basing candlesticks are candlesticks with body size (without wicks) less than the half of their entire size (with wicks).

It can issue various kinds of customizable alerts when it finds a basic candlestick.

Example chart of Basing Candlesticks applied to EUR/USD @ D1

You can read more about this basing candlesticks indicator here: https://www.earnforex.com/metatrader-indicators/Basing-Candlesticks/

Any contributions to the code are welcome!