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Coloring Higher-Timeframe Candles with PPO Cloud Signals

Article MQL5 code base
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Summary

This note describes an indicator that displays candles from a larger timeframe as filled rectangles on a chart. It uses PPO Cloud values to color the candle body and wicks according to the indicated trend direction: green shades for one direction and purple shades for the other.

The document explains the visual encoding and names a required companion indicator file. It does not define the PPO Cloud calculation, the trend rules behind the colors, or how traders might use the display to make or test decisions. No performance evidence or evaluation is provided, so the material is best read as a brief description of a charting aid rather than a trading strategy.

Key ideas

  • The indicator represents higher-timeframe candles as filled rectangles.
  • PPO Cloud values determine the candle colors.
  • Body and wick colors distinguish the indicated trend direction.
  • The description gives no trading rules or performance evidence.

Tags

Technical indicators

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