MT4GoldTested

Tested on demo accounts by the seller. A utility has no trading performance, so no Trust State applies - see the description for exactly what was tested.

AT24 Streak Meter (MT4)

'After N down candles a reversal is due' (or 'the streak will continue') is repeated everywhere and rarely checked. AT24 Streak Meter for MetaTrader 4 counts the current same-colour candle streak on the timeframe you choose (daily by default) and shows, on your own symbol, how often the next candle had the same colour after streaks of 1, 2, 3, 4, 5 and 6+ candles - with the sample sizes, 95% intervals and the any-candle baseline. What you get - The current streak (for example 3 D1 candles down in a row). - A table of how often the next candle continued the streak, by streak length, with n and a 95% interval, next to the baseline. - Honest about small samples: long streaks have few cases, so their percentages carry wide intervals. What was verified: compiles with 0 errors and 0 warnings in MetaEditor 4 and runs on an MT4 demo terminal on XAUUSD (3,000 daily candles: the next candle had the same colour as the last 46.2% of the time; after streaks of 1 to 6+ candles it stayed between 42% and 51% - see the screenshot). These numbers are historical and descriptive and show no edge: a streak is not 'due' to reverse or to continue. Not verified: live-money use, other symbols and brokers, the licence check with a real purchase on MT4. It is delivered as a non-trading utility Expert Advisor (MT4 does not allow licence checks inside indicators). MetaTrader 4 only. Education tool, not a signal: it draws levels and shows context, it never places orders and gives no buy or sell advice. It uses no DLL. Personal use on your own charts. Past averages and past price behaviour do not predict the future.

Listed by Algotraders24.ai · ✓ Identity verified