I have concentrated a lot on whipsaws , while analyzing technically . let there be any indicator , or automated trading system , still whipsaws cannot be avoided.
My Further observation is , we are plotting candles which are timeframe based i.e 1min , 2 min , 5 min …….etc . now what I am looking for is rateframe based candles (like till the rate of the script does not break , the new candle will also not develop , irrespective of time ). can someone pl. guide me , as how to go about it in mt4 program

Maybe you are looking for Renko charts that develop new bricks only when price changes by a needed amount of pips, regardless of time?

In this thread, there are scripts and systems:
Mr.Nims, Renko Ashi Scalping System.