The main purpose of the Overloaded Candles indicator is displaying common and Heiken Ashi candlesticks.
The indicator also colors the overbought and oversold zones according to the signals from embedded indicators.
The input parameters are the candlestick types to be displayed:
- Common OHLC candlesticks
- Heiken Ashi candlesticks
It is recommended to use the indicator for exiting from a position or for determining when to enter using a correction.