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Displaying Higher-Timeframe Candles on an H1 Chart

Article MQL5 code base
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Summary

This indicator draws H3, H6, H8, and H12 candlesticks on an H1 chart, allowing a trader to view broader price bars without switching chart intervals. The user selects the desired timeframe in minutes and the number of candles to redraw. Separate color settings distinguish bullish, bearish, and Doji candles, while a width setting controls candle thickness.

A broker-to-GMT offset input adjusts for differences between server time and GMT, which affects how intraday bars align. The document explains configuration options but gives no trading signal, entry or exit method, performance evidence, or comparison with native higher-timeframe charts. Its value is primarily chart visualization and depends on correctly configuring the timeframe and server offset.

Key ideas

  • The indicator overlays selected higher-timeframe candles on an H1 chart.
  • The timeframe is chosen by setting its duration in minutes.
  • Bullish, bearish, and Doji candles can use separate colors.
  • A broker-to-GMT offset helps align candle boundaries with server time.

Tags

Technical indicatorsForex

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