Candle Liquidity Detector identifies untouched liquidity zones for higher-probability MT4 trades

This review examines Candle Liquidity Detector in 2026 with a focused performance analysis that considers backtest and forward-test metrics. Candle Liquidity Detector is an MT4 indicator developed by Mohammadhossein Yoosefiizad and priced at $30 as an indicator on the MQL5 ecosystem. What makes Candle Liquidity Detector unique is its automated scan of higher timeframe candle bodies and structure to identify highs and lows that price has not yet taken, giving traders a concise map of potential liquidity collection zones. The algorithm works by iterating a configurable number of HTF candles, marking extreme wick and body levels, and filtering those levels by whether subsequent price action has tested them. It then projects surviving levels onto active charts with optional timeframe alignment and alert triggers. The indicator handles trending and range-bound markets by highlighting zones rather than forcing directional bias, which makes it adaptable across major forex pairs, indices, and commodity CFDs. Risk management is not automated in the indicator; instead it supports conservative approaches with suggested stop placement beyond the plotted liquidity levels and position sizing tied to account risk percentages. Expected performance characteristics include moderate trade frequency on H4 and D1 charts, clearer entries around liquidity reclaims, and reliance on complementary confirmation such as price action or momentum indicators. Candle Liquidity Detector appears best used as a decision-support tool rather than a standalone trade executor.