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Displaying HullTrend-Colored Candles from a Higher Timeframe

Article MQL5 code base

Summary

This indicator overlays candles from a larger timeframe as filled rectangles. It colors each candle according to the HullTrend indicator’s direction: the body uses emerald green or pink, while the shadows use light green or cream. The description explains the display method and color scheme, but does not provide trading rules, performance evidence, or guidance on interpreting signals.

The indicator depends on a separate compiled HullTrend file being installed in the terminal’s indicators folder. The document does not explain how HullTrend calculates its trend, how the higher timeframe is selected, or whether the overlay can repaint or lag. Treat it as a visualization aid rather than a tested standalone strategy; no evidence is given about profitability or suitable markets.

Key ideas

  • The indicator renders candles from a larger timeframe as filled rectangles.
  • HullTrend direction determines the candle body and shadow colors.
  • The indicator requires a separate compiled HullTrend file to operate.
  • The description gives no trading rules or performance evidence.

Tags

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