Displaying Higher-Timeframe i-OneThird Candles as Filled Rectangles

Summary

This document describes a MetaTrader 5 indicator that displays i-OneThird candlesticks from a higher timeframe as filled rectangular shapes. It uses filling buffers to render candle bodies and assigns colors according to candle direction: green or orange for bodies, with corresponding lime or yellow colors for shadows. The purpose is to make higher-timeframe candle direction visible on a chart, potentially alongside lower-timeframe price action.

The description identifies a dependency on the compiled i-OneThird indicator and gives its required placement in the terminal's indicator directory. It does not explain how i-OneThird calculates its values, how timeframe selection is configured, or whether the displayed candles update before the higher-timeframe bar closes. No trading rules, empirical testing, or performance evidence are provided, so this is an indicator overview rather than a strategy evaluation.

Key ideas

• The indicator renders higher-timeframe i-OneThird candles as filled rectangles.
• Candle body and shadow colors vary according to the candle's direction.
• The display relies on the compiled i-OneThird indicator being installed in the MetaTrader 5 indicators folder.
• The description does not specify the underlying calculation or provide a trading method or performance evidence.

Tags

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