Higher Timeframe OHLC Indicator for MetaTrader 5 Download - Free

The Higher Timeframe OHLC indicator is a specialized tool for multi-timeframe analysis on the MetaTrader 5 (MT5) platform, enabling users to view higher timeframe candles within their current timeframe.

By displaying candles from higher timeframes, this indicator helps traders analyze price trends entry, and exit points on lower timeframes without the need to constantly switch timeframes, providing a more accurate market analysis.

Indicator Table

Bullish Candle

The price is in an uptrend in the USD/CAD 1-hour chart. The Higher Timeframe OHLC indicator displays critical levels of the higher timeframe candle, showing the overall trend direction from the higher timeframe.

This indicator draws the candle's open, high, low, and close prices, allowing traders to perform multi-timeframe analysis within the current timeframe without switching. Thus, traders can analyze key levels for more informed decision-making.

Bearish Candle

In the XAUUSD 15-minute chart, the price is in a downtrend. The Higher Timeframe OHLC indicator displays the critical levels of higher timeframe candles, providing a clear view of the overall market trend.

This indicator draws the open, high, low, and close prices of the higher timeframe candles, enabling multi-timeframe analysis within the current timeframe. This feature allows traders to assess the market's overall trend and use these levels for better trade decision-making without switching timeframes.

Indicator Settings

Display Settings

• Chart Theme: Customize the indicator's theme;

Indicator Settings

• Higher Timeframe: Set a higher timeframe;
• Lookback: Set the number of past candles displayed;
• Show OHLC of Open Candle: Display the current candle;
• Continue Lines: Extend lines forward from the current candle (based on the candle);
• Open Color: Set color for the open price line;
• High Color: Set color for the high price line;
• Low Color: Set color for low price line;
• Close Color: Set color for the close price line;
• Show Separator: Toggle separator between each candle;
• Lines Style: Set line style;
• Lines Width: Set line width;
• Show Labels: Toggle labels display.

Conclusion

The Higher Timeframe OHLC indicator is a practical tool for multi-timeframe analysis, helping traders understand higher timeframe candle statuses.

By displaying the open, high, low, and close prices of higher timeframe candles, this indicator alerts traders to critical levels and the overall trend, enabling more accurate analysis without changing the timeframe.