Ashinton Candle Levels Pro
- Indicadores
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ASHINTON CAPITAL
I’m a professional trader and strategy developer with a strong focus on disciplined risk management, market structure, and systematic execution. Over the years, I’ve been actively involved in both manual trading and the development of automated strategies for MetaTrader 5, with the goal of creating - Versão: 1.0
- Ativações: 20
Higher-Timeframe Candle Levels. Clearer Market Context.
Ashinton Candle Levels Pro is a multi-timeframe chart indicator designed to help traders identify and monitor the high and low prices of previously closed candles from a selected reference timeframe.
Whether you're analysing the daily range while trading on the 15-minute chart or monitoring weekly levels while working on lower timeframes, the indicator keeps important higher-timeframe price levels visible directly on your chart.
Instead of constantly switching between timeframes to identify previous candle boundaries, you can view these levels on your active trading chart and use them as reference points during your analysis.
WHY ASHINTON CANDLE LEVELS PRO?
Price often reacts around important candle highs and lows. These levels can provide useful reference points when analysing market structure, price movement, potential breakouts, retests and trading opportunities.
Ashinton Candle Levels Pro makes these reference levels easier to identify by automatically plotting the highs and lows of previously closed candles from your selected timeframe.
One reference timeframe. Multiple chart timeframes. A clearer view of price.
KEY FEATURES
Multi-Timeframe Candle Levels
Select the timeframe from which the indicator should retrieve candle data. Available reference timeframes include the standard MetaTrader 5 periods, from M1 through to MN1.
For example:
- Select D1 to monitor previous daily candle levels.
- Select H4 to monitor previous four-hour candle levels.
- Select H1 to monitor previous hourly candle levels.
- Select W1 to monitor previous weekly candle levels.
The selected reference timeframe operates independently of the chart timeframe.
Monitor Higher-Timeframe Levels on Lower Timeframes
One of the main advantages of Ashinton Candle Levels Pro is the ability to monitor higher-timeframe candle levels without leaving your current chart.
For example, with D1 selected as the reference timeframe, the previous daily candle high and low can remain visible while analysing the market on H4, H1, M30, M15, M5 or M1.
This allows traders to maintain higher-timeframe context while studying lower-timeframe price behaviour. The indicator automatically hides the levels when the active chart timeframe is higher than the selected reference timeframe.
Historical Candle Levels
Choose how many previously closed reference candles you want to monitor. The HistoricalCandles setting determines the number of historical candles displayed.
For example:
- 1 = Previous closed candle.
- 2 = Previous two closed candles.
- 3 = Previous three closed candles.
Flexible Line Display
Control how the candle levels appear on your chart.
Available display settings include:
- Show or hide high-level lines independently.
- Show or hide low-level lines independently.
- Extend level lines towards the current chart candle.
Professional On-Chart Dashboard
The integrated Ashinton dashboard provides important information without requiring you to leave your active chart.
The dashboard displays:
- Product identification and company attribution.
- Selected reference timeframe.
- Current chart timeframe.
- Active trading symbol.
- Historical candle count.
- Indicator operating status.
- Previous closed candle high and low prices.
The dashboard uses a premium Ashinton blue design, with colour-coded high and low values for quick identification.
HOW TO USE THE INDICATOR
Getting started is straightforward.
Step 1: Attach the indicator
Add Ashinton Candle Levels Pro to your preferred MetaTrader 5 chart.
Step 2: Select your reference timeframe
Choose the timeframe whose previously closed candle levels you want to monitor.
Step 3: Set the historical candle count
Specify how many previous closed candles should be displayed.
Step 4: Configure the level display
Adjust high and low visibility, line extension, line width and line style according to your preferences.
Step 5: Analyse price action
Use the displayed levels as reference points while monitoring price behaviour on your active chart timeframe.
EXAMPLE TRADING WORKFLOW
Consider a trader who uses the daily timeframe to establish market context but prefers to execute trades on M15.
With Ashinton Candle Levels Pro:
- Set the ReferenceTimeframe to D1.
- Set HistoricalCandles to 1.
- Open the M15 chart.
- Monitor the previous daily candle high and low.
- Observe how price behaves around these levels while conducting lower-timeframe analysis.
The trader can use these levels as part of a broader strategy involving price action, market structure, support and resistance, breakouts or retests.
The indicator identifies and displays the levels. Trade decisions remain with the trader.
