Skip to content
All library documents

Rendering Higher-Timeframe FRAMA Candles as Chart Backgrounds

Article MQL5 code base
Read the original

Summary

This indicator overlays candlesticks from a higher timeframe as filled rectangles behind the chart. It uses the FrAMA candle indicator’s data and colors candle bodies according to direction, with separate colors for the shadows. The description identifies the drawing approach as using filled buffers, making higher-timeframe candle direction and range visible alongside the current chart.

The document provides implementation and dependency information: the FrAMA indicator file must be present in the platform’s indicators folder for this display tool to work. It does not explain the FRAMA calculation, prescribe entry or exit rules, or report backtest results. Accordingly, the material teaches a chart visualization method rather than an independently evaluated trading strategy; any interpretation of the color display as a signal would need separate testing.

Key ideas

  • The indicator displays higher-timeframe FrAMA candles as filled chart rectangles.
  • Candle body color reflects direction, while shadows use distinct colors.
  • The display relies on the separate FrAMA candle indicator as its data source.
  • The document describes visualization and setup, but supplies no trading rules or performance evidence.

Tags

Technical indicators

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