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Displaying Higher-Timeframe Candles Colored by BrainTrend1

Article MQL5 code base
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Summary

This indicator description explains a charting method for displaying candles from a larger timeframe as filled rectangles. The rectangles use a fill-drawing buffer, with the BrainTrend1 indicator determining the colors: the candle body uses one color for each trend direction, and the shadows use separate colors. The result is a higher-timeframe trend overlay rendered within a chart.

The description identifies a dependency on the compiled BrainTrend1 indicator file and specifies where it must be placed in the MetaTrader indicators folder. It supplies no parameter guidance, formula details, example chart, performance evidence, or trading rules. The text therefore explains the display technique and its dependency, but does not establish that BrainTrend1 predicts future prices or that the colored candles support a profitable strategy.

Key ideas

  • The indicator represents higher-timeframe candles as filled rectangles on a chart.
  • BrainTrend1 values determine the colors used for candle bodies and shadows.
  • The implementation depends on the compiled BrainTrend1 indicator being installed in the terminal indicators directory.
  • The description gives no backtest evidence or standalone trading rules.

Tags

Technical indicatorsFutures

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