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Displaying Bullish and Bearish Candles as a Zero-Based Histogram

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Summary

The document describes an indicator that displays candlesticks in a separate chart window as a histogram referenced to a zero line. It has two configurable settings: one color for bullish candles and another for bearish candles. This is a visual presentation tool for distinguishing candle direction in a separate pane.

The description does not explain how candle values are mapped to histogram bars, what market or timeframe it targets, or how to interpret the display for trading decisions. It also gives no strategy rules, performance evidence, or risk guidance. The material is a brief indicator description translated from a MetaQuotes source, so its practical use and limitations beyond the stated visual distinction are not established.

Key ideas

  • The indicator draws candlesticks in a separate window as a histogram from a zero line.
  • Bullish and bearish candles can be assigned separate colors.
  • The description provides no trading rules or performance evidence.
  • The mapping from candle data to histogram values is not explained.

Tags

Technical indicatorsEquities

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