MMD CandleMarker Indicator

Precisely Mark and Analyze Key Candles with a Single Click - For MT4 & MT5!

MMD CandleMarker is an advanced and intuitive indicator for MetaTrader 4 and MetaTrader 5 platforms, allowing traders to precisely mark candles on the chart with a single mouse click. Once a candle is selected, the tool automatically generates visual zones highlighting its upper wick, lower wick, and body, making it an ideal solution for manual analysis of key market moments, such as high-volume candles, turning points, or support and resistance zones. The indicator stands out with its flexibility, customizable settings, and additional features like proximity alerts and the ability to extend zones.

Unlock Precision in Candle Analysis

The essence of MMD CandleMarker lies in its simplicity and power: with a single click (or keyboard shortcut), traders can generate zones for a candle’s upper wick, lower wick, or body. Interactive on-chart buttons (Up Wick, Down Wick, Body) allow you to choose which elements to highlight for the selected candle. These zones are fully customizable—users can adjust their colors (with 4 predefined color setups), length in bars, and even the style of the 50% midpoint lines for better visual clarity.

Beyond basic marking, the "Extend" function (triggered by the Shift key or an on-chart button) allows zones to stretch beyond their default length to the current chart moment, perfect for tracking long-term levels. Additionally, proximity alerts (popup or mobile push) notify users when price nears a marked zone within a set distance, streamlining market monitoring.

Key Features & Benefits

• One-Click Candle Marking: Instantly mark any candle on the chart by clicking or using keyboard shortcuts (S for single candle, S' for a zone between two candles).
• Zone Generation: Automatically creates distinct visual zones for the selected candle's:
  • Upper Wick
  • Body (color adapts to bullish/bearish candle)
  • Lower Wick
  You can choose which of these parts to display using interactive buttons (I for Up Wick, O for Body, P for Down Wick).
• Multiple Color Setups: Comes with 4 predefined color configurations (Color Setup 01 to 04) for zones and 50% lines, selectable via an on-chart button, allowing for easy visual differentiation of various marked candles.
• Zone Extension & Cutting:
  • Extend (E or Shift + Click): Dynamically extend selected zones to the current time, ideal for tracking evolving support/resistance.
  • Cut (K): Shorten an extended zone to a specific point on the chart by clicking.
• Proximity Alerts:
  • Enable alerts (Use Proximity Alerts) to be notified when price approaches a marked zone.
  • Set activation distance in points (Proximity Activation Distance [Points]).
  • Choose between Popup Alerts and/or Mobile Alerts (Push).
• Customizable Grid Lines:
  • Overlay a customizable grid (Grid Mode: in points or range multiplier) above and below the marked candle's zone.
  • Define up to 6 grid levels (Grid Value 01 to 06) with distinct colors for up and down grids.
• Intuitive On-Chart Controls:
  • A comprehensive set of on-chart buttons for all major functions: Start (S, S'), Delete (D), Delete All (B), Hide/Show Zones (H), Select Wick/Body (I, O, P), Extend (E), Alert (A - Ctrl), Cut (K), Grid (G), and Color Setup selection.
  • Full customization of button appearance (text, colors, size) and placement (Buttons Corner Position, X/Y offsets).
  • Optional keyboard shortcuts (Use ShortCuts) for most actions.
• Data Persistence: Marked zones are saved using global variables, ensuring they remain on your chart across MetaTrader sessions and timeframe changes (zones are saved with timeframe context).
• Optimized Performance: Uses a ticksCounter to minimize CPU load, updating visuals only when necessary.
• Flexible Configuration:
  • Magic Number: Unique identifier for the indicator instance.
  • Visual settings for each of the 4 Color Setups (Up Wick, Body Up, Body Down, Down Wick zone colors, and 50% line color/style).
  • Grid settings (Mode, Values, Colors, Line Style).
  • Proximity Alert settings.
  • Button visual and positional settings.
  • Shortcut key activation.
• License Management: Securely managed via DLL for authorized use.

Practical Applications

MMD CandleMarker is a versatile tool for various analytical approaches:

• Volume Spread Analysis (VSA): Mark high-volume candles (effort vs. result) to identify significant supply/demand zones.
• Support & Resistance Mapping: Clearly visualize S/R levels based on key candle formations (e.g., pin bars, engulfing patterns). The 50% lines of wicks and bodies often act as crucial pivot points.
• Turning Point Identification: Highlight candles that signal potential market reversals.
• Breakout Analysis: Mark candles preceding breakouts to monitor retests of these levels.
• Multi-Timeframe Analysis: Since zones are saved with timeframe context, you can mark a key D1 candle and observe its influence on H1 or M15 charts.
• Setting Price Alerts: Use proximity alerts to get notified when price interacts with your manually defined critical zones.

Its flexibility and ease of use make it an indispensable aid for traders who rely on detailed candle-by-candle analysis. Paired with other MMD tools (e.g., MMD Cloud, MMD Diamond, MMD BTZ) and enriched by educational content like MagicOnCharts YouTube videos, it deepens market understanding, empowering traders with precise, data-driven decisions rooted in the MMD methodology.

If you have any questions related to this product, write to the email address: support@magiconcharts.com.

We will be happy to answer your questions promptly.