OniRciCandle brings momentum-as-candles for clearer MT4 entries and verified performance

This OniRciCandle review for 2026 provides a performance analysis that focuses on how the indicator augments standard RCI output and the measurable impact on trade selection. OniRciCandle is unique because it reframes the Rank Correlation Index as an OHLC candle, enabling traders to visualize momentum as an area rather than a single plotted point. Instead of a single RCI value per bar, the algorithm computes an RCI open, high, low and close over the chosen lookback, allowing comparisons of candle body, wick length, and volatility of the RCI itself. The algorithm derives each sub-value from rolling rank correlations and then applies thresholds and smoothing to avoid noise. In practice, signals are generated when the RCI candle body exceeds configured size and direction is confirmed on a higher timeframe. This design helps the indicator handle trending conditions and moderate volatility, while generating fewer signals in choppy markets. Yuki Miyake has coded OniRciCandle for MT4 with efficiency in mind; the indicator is priced at $39 and sits in the indicator category with a 4.5/5 rating from 100 reviews on public marketplaces. Risk management is built into recommended parameter sets: limit entries to one signal per confirmation period, combine with volatility-based stops, and size positions with fixed percentage rules. Expected performance characteristics from backtests and live-sample accounts show moderate trade frequency, improved entry precision, and reduced whipsaw relative to raw RCI usage. OniRciCandle is a clear, data-oriented indicator for traders who want a more informative momentum view on MT4.