Displaying Higher-Timeframe JMA Candles as Filled Chart Rectangles
Summary
This indicator description explains how to display JMACandle bars from a higher timeframe on a chart. It draws each candle as a filled rectangle using fill buffers, distinguishing the candle body from its shadows with separate colors. Up and down candle directions receive different body colors, while the wick areas use lighter contrasting shades. The overlay is intended to make higher-timeframe candle direction and range visible alongside the chart’s current timeframe.
The document is a short implementation note rather than a trading strategy. It identifies two compiled indicator dependencies that must be installed in the platform’s indicators folder, but gives no rules for entering or exiting trades, no parameter guidance, and no performance evidence. The usefulness is therefore mainly visual: traders can inspect higher-timeframe candle structure without switching charts. Color conventions and the display alone do not establish whether the indicator improves decisions or returns.
Key ideas
- The indicator overlays candles from a higher timeframe on the active chart.\nIt renders candle bodies and shadows as filled rectangles using separate buffers.\nBody colors distinguish candle direction, while lighter colors mark the shadows.\nThe note provides no trading rules or evidence that the display improves performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.