Skip to content
All library documents

Visualizing the KRI Indicator as Candlesticks

Article MQL5 code base

Summary

This brief note describes KRICandle, an indicator that displays the output of a KRI algorithm as a sequence of candlesticks. The candles are generated by processing a relevant price time series with KRI, offering a chart format that may make the indicator easier to interpret than its usual presentation. The document does not explain the KRI calculation, candle construction rules, or how to interpret specific patterns, so it provides only a basic description of the visualization concept.

The indicator depends on a separate compiled KRI component being installed in the platform’s indicator directory. No chart examples, trading rules, performance results, or comparisons are provided. Traders would need the underlying indicator documentation and independent testing to assess what signals the candle display conveys or whether it adds useful information. The note is therefore an introduction to an indicator format rather than a complete analytical method.

Key ideas

  • KRICandle presents the output of the KRI algorithm as candlesticks.
  • The candles are derived from a relevant price time series processed by KRI.
  • The author suggests this visual format may provide a more informative view for analysis.
  • The display requires the separate compiled KRI indicator component.

Tags

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