Multi-Timeframe Candlestick Direction Indicator

Summary

The document describes an indicator that displays candlestick direction across seven timeframes. It assigns a separate line to each timeframe, coloring the line green when that timeframe’s candle is rising and pink when it is falling. Colored squares mark when the corresponding timeframe’s bar changes.

This provides a compact visual read of short-term and longer-term candle direction at once. The description does not specify how the signals should be combined, whether they predict future prices, or how they perform in testing. It is therefore a display aid for trend inspection rather than a fully specified entry, exit, or risk-management strategy.

Key ideas

• The indicator displays candlestick direction for seven separate timeframes.
• Each timeframe has its own line, colored according to whether its candle is rising or falling.
• Squares mark changes in the bar for the associated timeframe.
• The description gives no trading rules or performance evidence for acting on the display.

Tags

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