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Indicators

VelaMayor MTF - Higher Timeframe Candle Overlay - indicator for MetaTrader 5

Juan Luis De Frutos Blanco
Juan Luis De Frutos Blanco

Juan Luis De Frutos Blanco

5 (3)
3 products 2 codes 28 topics 101 comments
Views:
127
Rating:
(2)
Published:
VelaMayor.mq5 (21.41 KB) view
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Vela type 1

VelaMayor MTF is a powerful multi-timeframe visualization indicator for MetaTrader 5, engineered for traders practicing Multi-Timeframe Analysis, Smart Money Concepts (SMC), Price Action, and ICT strategies.

Instead of flipping between multiple charts, VelaMayor projects the last X candles of any higher timeframe (e.g. H1, H4, D1) directly onto your execution timeframe (e.g. M1, M5, M15).

Vela type 2

  1. Dual-Layer Rendering (Independent Borders & Fills): Choose separate colors for candle bodies and candle outlines for maximum contrast on both light and dark chart themes.
  2. True Period Separation ( Separate Boxes ): Unlike typical indicators that stretch full-interval blocks across the screen, VelaMayor bounds the box strictly to the inner candles formed within that timeframe, leaving natural breathing space between periods.
  3. Centered High/Low Wicks: Cleanly detached upper and lower wicks that respect body boundaries and keep chart readability crisp.
  4. Zero-Lag Real-Time Candle 0: Live bar updating tick by tick with instant price expansion.
  5. Timeframe Change Auto-Recovery: Built-in background timer and chart-event listeners ensure all boxes and wicks reappear reliably whenever you switch timeframes or reconnect.
  6. Optional Features: Full High-to-Low range envelope and floating info labels with OHLC values and point ranges.
Vela type 3
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Before configuring a basket, see which target weights fit your broker's minimum lots. Portfolio Allocation Planner turns an explicit hypothetical notional budget and percentages into a chart table: minimum-lot notional, lots rounded down, calculated allocation, target shortfall and row status. Recalculate on demand, inspect row tooltips, paginate longer lists, and optionally export the displayed snapshot to CSV. No trades are sent and no account balance, equity or positions are read.

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