MT5 Higher TimeFrame indicator

The Higher timeframe candle tracker is used to get a glimpse of what the selected higher time frame candle is like.

It plot the candle after the current price.

It can come in handy for day traders and short term traders that often worry about how the current higher timeframe candle may look like.

You can select the higher time frame or lower time frame from the options provided:

By default the color for bears is red and for bulls is green.

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Hyperbolic
Konstantin Gruzdev
The indicator is stable on noise fluctuations in price and quickly reacts to the trend. It is based on an algorithm from a system of hyperbolic functions that allows you to aggressively smooth the flat with minimal lag on the trend. It can be applied directly to the price chart, to itself, or to other indicators in order to eliminate false signals. The main purpose of the indicator is to smooth out small sawtooth price movements as much as possible. The higher the Hyperbolic parameter, the stron
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