This is my new indicator called Custom candles which can draw on a chart higher timeframe candlesticks. It very helps do not jump between timeframes or charts for multiple timeframe analysis.
Searched in the internet kind of indicator but all I found have bugs or using freaking calculation logic – what’s wrong with you guys? Keep it simple!
So I decided to code it by myself.
As you can see I attached daily candles to m30 chart so you can see all daily levels here and candlesticks patterns – the cause why I need this indicator.
Same for different usage
There’s only one parameter to choose timeframe of the indicator.
Simple – powerful indicator actually you can combine couple of the indicators to complete view what’s going on on higher timeframes like that
Trend traders, VSA traders, price action traders, breakouts traders – I can do not tell you anything, how to use this you already figure out without any explanation.
Place the indicator’s ex4 file to your metatrader4 indicators directory.