This Metatrader 4 indicator draws any higher timeframe candles on the current trading chart, therefore eliminating the need to change timeframe just to find daily start, the the previous days highs/lows. By displaying the current candle as well, a trader trading on M15 will also know that the trend for that day is up or down, for example.
As seen above, the indicator can either fill the background candles with any color chosen by the trader, or draw only the borders. Within the indicator settings, there are also the options to change the candles timeframe, display the current candle, choose the number of bars for the indicator to generate the candles and their colors.
Free download MTF Candles.
Austin Drake (verified owner) –
I have been using MTF Candles for a few weeks now and I must say that it is a very useful tool for forex trading. It helps me to see the bigger picture of the market and identify the trends and reversals more easily. It also saves me a lot of time and screen space, as I don’t have to switch between different charts to see the different time frames. MTF Candles is easy to install and customize, and it works well with any currency pair and trading style. I highly recommend it to anyone who wants to improve their trading skills and results.