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.
The essence of MMD CandleMarker lies in its simplicity and power: with a single click, traders can generate zones for a candle’s upper wick, lower wick, or body, using interactive buttons (Up Wick, Down Wick, Body) to choose which elements to highlight. These zones are fully customizable—users can adjust their colors (e.g., upper wick in red, body in gray), length in bars, and even the style of the 50% midpoint lines (e.g., dotted) for better visual clarity. Beyond basic marking, the "Extend" function (triggered by the Shift key or a button) allows zones to stretch beyond their default length to the current chart moment, perfect for tracking long-term levels, while proximity alerts (popup or mobile push) notify users when price nears a zone within a set distance, streamlining market monitoring.
These zones serve practical purposes: they spotlight market shifts, such as high-volume reactions or critical price levels, offering traders visual cues for trend analysis, reversals, or consolidation phases. The indicator’s button interface—including "Start" (S) to mark, "Delete" (D) to remove, "Delete All" (B) to clear, and "Hide" (H) to toggle visibility—ensures quick and efficient control, with customizable button placement for a tailored experience. Zones are stored in global variables, preserving them across sessions, and the indicator dynamically adapts body colors based on candle direction (e.g., green for bullish, red for bearish), enhancing readability. Optimized with a `ticksCounter` function, it minimizes platform load, updating zones only when necessary.
MMD CandleMarker shines in practical applications: it’s perfect for volume analysis, marking high-activity candles to identify key market zones; for mapping support and resistance with clear visual references; and for setting alerts to catch price reactions near critical levels. Its versatility across timeframes—saving zones with timeframe context—supports multi-timeframe analysis without data loss. 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. Requiring DLL support for licensing, it works on all account types, with a validity extending to 2099 for perpetual versions, ensuring long-term reliability.
