Coloring Higher-Timeframe Candles by Blau Stochastic Direction

Summary

This indicator displays candles from a larger timeframe as filled rectangles on a chart. It colors candle bodies blue or red and their shadows light blue or pink according to changes in the direction of the Blau Stochastic histogram.

The document describes a visualization aid rather than a trading system: it gives no entry or exit rules, performance evidence, or guidance for selecting the higher timeframe. It also states that the indicator depends on a separate Blau Stochastic file, so the display will not operate without that component installed.

Key ideas

• The indicator represents higher-timeframe candles as filled rectangles.
• Candle body and shadow colors reflect direction changes in the Blau Stochastic histogram.
• The indicator requires a separate Blau Stochastic component to run.
• The document provides no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.