The Jays Candle Display MT4 Indicator makes chart reading easier by giving traders instant candle information directly on the screen. Instead of guessing the size or strength of each candle, the indicator displays useful data like candle range, open and close levels, and directional movement. This helps traders quickly understand what the market is doing and whether buyers or sellers are in control.
Perfect for New and Experienced Traders
Because the indicator presents everything in a clean, readable format, it works well for traders of all skill levels. New traders gain confidence by seeing candle information clearly laid out, while experienced traders can use the added details to sharpen their entries and exits. The simple visual design also makes it easy for traders in the United States who prefer clean, fast-loading chart tools.
Supports Better Market Decisions
The Jays Candle Display MT4 Indicator helps traders spot shifts in momentum by showing clear candle-based signals. When a candle expands, weakens, or changes direction, the indicator’s on-chart data makes it easier to notice. Traders can monitor candle structure without extra tools cluttering the screen, making the decision-making process faster and more reliable.
Helpful for Different Trading Styles
Because it works well on all timeframes and currency pairs, the indicator fits scalpers, day traders, and swing traders. Scalpers can track quick price changes, day traders can follow trend strength, and swing traders can monitor long candles that show momentum. Its flexibility allows traders to use it in any trading strategy without limiting their style.
How to Trade with Jays Candle Display MT4 Indicator
Buy Entry
- Wait for a bullish candle with a strong range shown by the indicator (large body, small wick).
- Make sure the candle closes above the previous candle’s high.
- Confirm that the indicator displays bullish strength or expanding bullish candle size.
- Enter a buy trade on the next candle after confirmation.
- Place your stop-loss below the most recent swing low or below the bullish candle’s low.
- Exit when the indicator shows weakening bullish candles or a strong bearish candle forms.
Sell Entry
- Wait for a bearish candle with a strong range displayed by the indicator (large body, small upper wick).
- Make sure the candle closes below the previous candle’s low.
- Confirm that the indicator displays bearish strength or an expanding bearish candle size.
- Enter a sell trade on the next candle after confirmation.
- Place your stop-loss above the recent swing high or above the bearish candle’s high.
- Exit when the indicator shows weakening bearish candles or a strong bullish candle appears.
Conclusion
The Jays Candle Display MT4 Indicator is a simple but powerful chart tool designed to make candlestick reading easier for everyone. Displaying clear information about each candle helps traders understand market behaviour and make smarter choices. Its ease of use, clean design, and wide compatibility make it a helpful addition to any trading setup.
Recommended MT4/MT5 Broker
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 90% VIP Cash Rebates for all Trades!
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: VIP90
(Free MT4 Indicators Download)
Enter Your Email Address below, download link will be sent to you.