What is DR IDR Candles?
DR IDR Candles plots the Dealing Range (DR) and Implied Dealing Range (IDR) created during selected sessions. DR uses candle highs and lows for the outer range, while IDR uses candle bodies for a narrower inner range.
Horizontal boundaries, colored expansion areas, and gray session highlights keep the calculation window and the subsequent direction visible on one chart.
How to use DR IDR Candles
First confirm that the regular or overnight session times and UTC offset match your broker. After the range is complete, monitor whether price accepts above it, expands below it, or returns through the boundaries.
Blue areas indicate expansion above the reference range and orange areas indicate expansion below it. These colors are context—not trade signals. Use candle behavior on a retest, recent swing structure, and the higher-timeframe bias to judge whether a breakout is holding.
Where it helps
Gray highlights show exactly when each DR/IDR is formed.
Outer DR and inner IDR levels can be displayed together.
Colored areas make direction outside the range immediately visible.
Best Settings & MT4 Parameters for DR IDR Candles
- Candles to Calculate
- Sets history depth; the example uses 5,000 bars.
- Use Regular / Use Overnight
- Enables the two supported session windows.
- Session Start / End
- Sets the hours used to build each range.
- UTC Offset
- Aligns session times with the broker feed.
- Show DR / Show IDR
- Controls the outer and inner boundary lines.
- Show Wicks / Show Range Fill
- Controls wick-based levels and colored fills.
- Show Outside Areas
- Displays expansion beyond the reference range.
- Highlight Session
- Turns the vertical session shading on or off.
- Fibonacci settings
- Optionally projects configured values from DR or IDR.
- Above / Inside / Below colors
- Customizes the three range states.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
