Indicators: Candles Smoothed HTF
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Candles Smoothed HTF:
The indicator that displays "averaged" candlesticks of a larger timeframe at a smaller one.
Smoothing transformation is applied to all elements of a price candlestick in this indicator: Open, Low, High and Close. The indicator provides a clear graphical representation of a current market trend. A color of a candlestick determines trend direction and its body size shows the power of the current trend.
Author: Nikolay Kositsin