Reading Ten-Timeframe Candle Direction as a Trend Display

Summary

The indicator summarizes candle direction across ten timeframes. Each line represents one timeframe: it turns light green while that timeframe’s candle is rising and red while it is falling. Colored dots mark when a bar changes on the corresponding timeframe.

This is a visual overview of multi-timeframe direction, not a complete trading strategy. The document does not specify how to combine signals, define entries or exits, or evaluate performance, and it provides no testing evidence. Candle direction alone may offer context, but the display does not establish whether a trend is persistent or profitable.

Key ideas

• The indicator displays candle direction for ten separate timeframes.
• Each timeframe has its own line, colored green for a rising candle and red for a falling candle.
• Dots indicate a bar change on the associated timeframe.
• The description provides no trading rules or performance evaluation.

Tags

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