The Show Current Candle Indicator (SCC) is one of the price action indicators in MetaTrader 4. It displays the distance between the highest price and the lowest price of the current candle in pips. This indicator is displayed in the upper left corner of the chart and serves as a practical tool for technical analysts and traders to analyze real-time price fluctuations.
Show Current Candle Indicator Table
The table below outlines the general specifications of the Show Current Candle Indicator.
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Indicator Categories:
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Price Action MT4 Indicators
Trading Assist MT4 Indicators
Candle Sticks MT4 Indicators
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Platforms:
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MetaTrader 4 Indicators
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Trading Skills:
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Intermediate
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Indicator Types:
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Leading MT4 Indicators
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Trading Style:
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Day Trading MT4 Indicators
Fast Scalper MT4 Indicators
Scalper MT4 Indicators
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Trading Instruments:
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Share Stocks MT4 Indicators
Forward Market MT4 Indicators
Commodity Market MT4 Indicators
Stock Market MT4 Indicators
Forex MT4 Indicators
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How It Works in a Bullish Candle
In the daily USD/CHF chart, the Show Current Candle Indicator displays the price movement and volatility in pips.
In this chart, the price movement is recorded as 322 pips. Traders can use this indicator to analyze the price movement of the candle in the selected timeframe and use it for market volatility analysis and trading decisions.
How It Works in a Bearish Candle
In the 5-minute AUD/USD chart, the Show Current Candle Indicator calculates the price movement and displays the volatility of the current candle in a bearish trend. Price action traders can use this indicator to analyze the price movement and provide more specialized analysis for market structure and trading decisions.
The settings for the Show Current Candle Indicator are as follows:
- TextPosition: Set the position of the indicator on the chart.
- Clr: Set the color of the indicator.
Conclusion
The Show Current Candle Indicator is one of the candlestick indicators for MetaTrader 4. It allows traders to analyze the price movement of the current candle in pips.
This tool, by displaying the volatility of the current candle, is useful for better understanding the strength of price movements and changes, and can be used in technical analysis and trading decisions.
What does the Show Current Candle Indicator display?
The Show Current Candle Indicator (SCC) displays the price fluctuations in the current candle.
For which platform is the Show Current Candle Indicator available?
This indicator is available for both MetaTrader 4 and MetaTrader 5. Traders can easily download the MetaTrader 5 version by visiting the top of the website.