Candle Temperature - heat gauge for scalping systems (MT4)
Candle Temperature converts candle structure into a heat score so you can see when the tape is hot or cold. It helps you time scalps, filter noise, and confirm breakouts on MetaTrader 4. Depending on the build it can draw a histogram or line with color flips and alerts.
What it shows
- Heat score: blends body vs range, close location and sequence.
- Bias: hot - strong push; cold - fading pressure or balance.
- Extremes: warn of potential exhaustion near levels.
- Flips: cross through midline signals regime change.
Trade ideas
- Scalp the retest: after a break wait for heat to stay hot on the retest, then enter with a tight stop.
- Fade exhaustion: at prior level, if extreme heat snaps back through midline, fade the late move.
- Trend continuation: in aligned trend buy pullbacks when heat retests midline and turns up with price.
- Multi TF: session bias on higher TF - execution on M1 M5 when price and heat flip together.
Inputs that matter
- Lookback and smoothing.
- Levels for extremes and midline.
- Applied price and visualization.
- Alerts for flips and level crosses.
Suggested usage
- M1-M5: scalps and quick continuations.
- M15-M30: intraday swings and breakout validation.
- H1+: regime bias and risk trimming.
Installation (MT4)
- Open MetaTrader 4 - File - Open Data Folder.
- Copy
Candle Temperature Indicator.ex4to MQL4/Indicators. - Restart MT4 or refresh Navigator and attach Candle Temperature.
- Adjust inputs - OK.
FAQ
Does it repaint? No on closed bars.
Pairs and assets? Any supported by MT.
Use in EAs? Yes, via iCustom.
Disclaimer: Always test on a demo first - risk management matters.