Wysiwyg Candle: Volatility-based breakout detection for consistent MT5 entries and reliable signals

This Wysiwyg Candle review in 2025 focuses on real-world performance and technical analysis of a multi-method breakout indicator. The review evaluates how Wysiwyg Candle combines ATR volatility, Bollinger Band expansion, Opening Range Breakout cues, and squeeze detection to generate colored candles and arrows that highlight statistically favorable breakout opportunities. Performance analysis in live and backtested samples is emphasized to provide objective measures of edge and robustness. Wysiwyg Candle is unique because it layers four distinct volatility signals rather than relying on a single breakout trigger. The algorithm measures volatility via ATR to size stop and target levels, uses Bollinger Band characteristics to detect expansion or contraction, leverages ORB to capture early session momentum, and applies squeeze detection to identify compressions likely to resolve. This combined approach reduces false breakouts in trending and range-expansion contexts. The indicator marks entries visually on MT5 charts with color-coded candles and arrow confirmations, aiding both discretionary execution and algorithmic wrappers. The risk management approach is built into parameter defaults and recommended ATR-based stop placement, and performance characteristics typically involve moderate trade frequency with a focus on higher reward-to-risk setups. Development and updates by Syamsurizal Dimjati for MT5 include clear parameter documentation and recommendations for forward testing. The overall result is a practical tool for traders who require a volatility-centered confirmation layer before committing capital.