HTF Candles Overlay
- 지표
- 버전: 1.4
This indicator is an advanced visual tool designed for traders who rely on Multiple Timeframe (MTF) Analysis. It allows you to visualize High Timeframe (HTF) candles directly on your current chart, making it easy to identify supply and demand zones and macro trend direction without switching tabs.
The standout feature of this indicator is its ability to generate Synthetic Timeframes, providing an institutional perspective that MetaTrader 5 does not offer natively.
Main Features
1. Exclusive Synthetic Timeframes
Beyond standard periods, the indicator calculates and projects custom timeframes, ideal for analyzing long-term market cycles:
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12 Months (Annual)
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6 Months (Semi-Annual)
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3 Months (Quarterly)
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Standard Periods (H4, D1, W1, MN1, etc.)
2. Interactive Interface (On/Off Button)
The indicator includes a built-in UI button that allows you to hide or show the HTF candles with a single click. This keeps your chart clean for rapid analysis, enabling the visualization only when necessary.
3. Full Visual Customization
You have total control over the aesthetics of the projected candles:
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Custom Colors: Set different colors for Bullish and Bearish candles.
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Wick Styles: Choose between normal (line), filled, or empty wicks.
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Body Fill: Option to draw only the outlines or solid bodies.
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Candle Count: Define how many historical HTF candles you want to display.
How does the Synthetic Calculation work?
For the 3, 6, and 12-month periods, the indicator processes individual monthly data, grouping them to calculate the exact Open, High, Low, and Close (OHLC) of the chosen cycle. This provides a competitive edge by revealing the "Big Picture" that most retail traders overlook.
Parameters (Inputs)
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--- BUTTON SETTINGS ---: Customize the position (X, Y) and colors of the control button.
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HTF Mode: Select between Normal mode or Synthetic modes (3, 6, or 12 months).
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Standard TF: Define the timeframe if Normal mode is selected.
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NumCandles: The number of HTF candles to be drawn on the chart.
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Visual Settings: Color adjustments for bodies and wicks.
Note: This indicator was developed with performance in mind, utilizing optimized object drawing to ensure it doesn't lag your MetaTrader 5 terminal.
Why use this indicator?
Identifying the trend of a semi-annual or quarterly chart while trading on H1 or M15 is a cornerstone of Smart Money Concepts (SMC) and professional Price Action analysis. With HTF Candles Synthetic, you will never lose sight of where the institutional players are positioned.
