background candle simple bars htf
Info
The background candle simple bars htf is a Indicator for MetaTrader 5 that the indicator draws candlesticks of a larger timeframe as color filled rectangles using draw_filling buffers. rectangles are color filled in accordance with the values of the simplebars indicator.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use background candle simple bars htf
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
the indicator draws candlesticks of a larger timeframe as color filled rectangles using draw_filling buffers.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Candle Timer - another powerful indicator for MetaTrader 5 traders.
the indicator draws candlesticks of a larger timeframe as color filled rectangles using
draw_filling
buffers. rectangles are color filled in accordance with the values of the
Also recommended: Multi-Timeframe Candle Map Indicator - similar indicator with strong performance on MetaTrader 5.
simplebarsindicator.
depending on trend direction the candlestick body is painted in green or red, shadows are painted in the lime or orange color.
the indicator requires the compiled indicator file simplebars.mq5 for operation. place it to terminal_data_folder\mql5\indicators\.
figure 1. indicator backgroundcandle_simplebars_htf
You may also like: On Chart Candle Countdown Clock - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.61"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 12
#property indicator_plots 6
#define reset 0 //
#define indicator_name "backgroundcandle_simplebars" //
#define size 1 // countindicator .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.