Ignition Candle Guard highlights overextended candles to prevent late entries on MT5

This detailed Ignition Candle Guard review for 2026 focuses on indicator performance and practical analysis for traders using MetaTrader 5. Ignition Candle Guard highlights candles with excessive movement versus the ATR, and this review examines how that filtering approach changes entry behavior, drawdown patterns, and trade selection. The analysis covers multiple symbols and timeframes, showing how the indicator behaves from low-volatility forex pairs to higher-volatility indices and commodities. The developer, Marcio Jose Da Silva Pereira, built the indicator to be a visual tool rather than an automated system, emphasizing configurability and transparency. What makes Ignition Candle Guard unique is its singular purpose: identify overextended bars so traders avoid impulsive or late entries. The algorithm computes a standard ATR over a configurable lookback then compares each candle's High–Low range to an adjustable multiplier. When a candle exceeds that threshold the bar is highlighted, enabling traders to skip entries or tighten risk parameters. It works best in markets where sudden spikes or news-driven moves create outlier bars. Ignition Candle Guard supports disciplined risk management by reducing exposure to entries immediately after large moves, and it integrates easily with stop loss and position-sizing rules in MT5 setups.