MTF Candles - Indicator for MetaTrader 4

The MTF Candles indicator allows following not only local but also global market trend changes. In other words, it foresees the subsequent position of the candlesticks. This feature can be effectively applied to the trading strategies that involve analysis of several timeframes.

The MTF Candles indicator displays candlesticks from the specified high timeframe on the chart of the currency pair. Candlesticks from the older timeframe are displayed in the form of rectangles, the color of which can be adjusted.