Customizing Daily Candlestick Boundaries and Display
Summary
This indicator changes how daily candlesticks are formed and displayed. Its inputs let a user choose the hour that begins each chart day, shift the candles vertically, and set separate colors for bullish, bearish, and doji candles. The illustrated examples show different day-start hours and a zero vertical shift, demonstrating that the chart’s daily grouping can be adjusted to suit a preferred session definition.
Changing the day boundary can alter which price action appears inside each daily candle, so traders comparing charts or signals should account for the chosen start hour. The indicator is a visualization and chart-configuration aid; the document does not describe entry or exit rules, provide a trading strategy, or report tests showing that customized candles improve results. It also offers no explanation of how the vertical shift affects interpretation beyond identifying it as a display parameter.
Key ideas
- The indicator lets users set the hour that defines the start of a chart day.
- A vertical-shift input changes the plotted candle position.
- Separate colors can be selected for bullish, bearish, and doji candles.
- A changed day boundary changes the grouping of intraday price data represented by each daily candle.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.