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Visualizing Higher-Timeframe FatlMacdCandle Signals

Article MQL5 code base
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Summary

This brief indicator description explains how a higher-timeframe FatlMacdCandle series can be displayed on a chart as filled rectangles. The indicator represents each candle’s body and shadows with separate colors: green or purple for direction, and light lime or beige for the shadows. This makes the higher-timeframe candle structure visible alongside a lower-timeframe chart.

The document gives no signal rules, trading strategy, performance evidence, or guidance on interpreting the colors beyond their relationship to candle direction. It also includes setup information for placing the required compiled indicators in the platform’s indicator directory. The material is therefore most useful as a narrow charting and visualization concept, rather than as evidence for a trading edge.

Key ideas

  • The indicator displays higher-timeframe FatlMacdCandle values as filled chart rectangles.
  • Candle direction determines whether the body is green or purple.
  • The candle shadows use separate light colors to distinguish them from the body.
  • The description does not provide a strategy, signal interpretation 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.