Indicators: BackgroundCandle_ColorStepXCCX_HTF

 

BackgroundCandle_ColorStepXCCX_HTF:

The indicator draws candlesticks of a larger timeframe as color filled rectangles using DRAW_FILLING buffers. Rectangles are color filled in accordance with the values of the ColorStepXCCX indicator.


Figure 1. Indicator BackgroundCandle_ColorStepXCCX_HTF

Author: Nikolay Kositsin

 

Hello, Nikolay Kositsin

Great job on the tool! I have an idea, but I'm not familiar with programming. What if I applied the same process, but instead of following the trend, I used a longer period? For example, I would set the chart to a 5 minute time frame and draw the 15 minute time frame. If the 15-minute candle is negative, it would be coloured red, and the 5-minute candles would be displayed inside. Essentially, it would be two charts with different periods for the same asset.

Thanks for your help!