Candle Anatomy Teacher

Candlestick education material almost always shows one idealised doji, one idealised hammer, drawn to look clean and unambiguous. Real price bars are messier, and what counts as a "small body" or a "long wick" is not the same fraction of a bar's range on every symbol and timeframe - a small body on an index CFD is not the same proportion as a small body on a JPY cross, and neither is fixed across timeframes on the same symbol. This script measures the actual body, upper wick, lower wick and full range of a window of this symbol's own closed bars, computes averages in both price units and points, and reports what fraction of bars qualify as a doji under a configurable body/range threshold. It also buckets every bar's body-to-range ratio into five bands (0-20% through 80-100%) and prints a simple text-bar histogram, so the shape of the real distribution is visible at a glance rather than described only in numbers. Every measurement is defined once, in one function, and reused everywhere it is needed, so "doji" and "body size" mean exactly the same thing throughout the report - there is no second, slightly different definition hiding in the histogram code. Notes and limitations - Requires enough loaded chart history for the requested window; if fewer than 10 closed bars are available the script reports this and exits rather than producing statistics from an unreasonably small sample. - This is a descriptive statistics tool, not a pattern-recognition or signal-generation tool - it does not claim any bucket or doji count predicts future price movement. - The five-bucket histogram resolution is fixed at five bands for readability; it will not show finer structure within a single band.

Script · MT5 · v1.0 · Free

Tags: Candlestick Patterns · MT5 Script · MQL5 Source Code

MQL4 & MQL5 scripts · PolyMaria