Displaying Higher-Timeframe Candles with AMkA Trend Colors

Summary

This indicator draws candles from a larger timeframe as filled rectangles on a chart. It uses the dot colors from the AMkA indicator to determine the candle coloring: the body is green or red according to the indicated trend direction, and the shadows use corresponding lime or pink colors. This provides a visual way to compare higher-timeframe candle structure with AMkA’s directional signal.

The document explains the display and its dependency on the compiled AMkA indicator file, but gives no rules for entering or exiting trades, backtest, or other evidence that the colors improve decisions. The colors should therefore be understood as a charting aid based on another indicator, not as an independently validated signal. The description also does not explain how the candle rendering handles incomplete higher-timeframe bars or conflicting indicator states.

Key ideas

• The indicator represents larger-timeframe candles as filled chart rectangles.
• AMkA dot colors determine the displayed candle body and shadow colors.
• Green and red bodies distinguish the trend directions assigned by AMkA.
• The display requires the AMkA indicator and does not provide independent performance evidence.

Tags

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