Candle Display v3 nmc MT4

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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Candle Display v3 nmc is an indicator for MetaTrader 4 designed to display candles of higher timeframes (for example, daily D1 candles) directly on the chart of the current, lower timeframe (for example, M15 or H1). This allows traders to analyze price behavior on larger time intervals without having to switch between charts, which is especially convenient for strategies based on multi-timeframe analysis.

Key Features:
Multi-timeframe analysis: The indicator displays candles of the selected period (for example, D1, H4) on the chart of the current timeframe, which helps to identify key support and resistance levels, as well as determine trends and reversals on higher timeframes.
Customizability: The user can select the timeframe for the displayed candles (for example, displaying daily candles on an hourly chart). Candle color and style settings are also available for ease of perception.
Compatibility: Works with any currency pairs and timeframes, which makes it a universal tool for traders.
Ease of use: The indicator does not overload the chart with unnecessary elements, providing only the necessary information in the form of candles of a higher time frame.
Application in trading:
Candle Display v3 nmc is ideal for traders using approaches based on Price Action or strategies where it is important to take into account candle formations and trends on higher time frames. For example, a trader can use the indicator to:

Identify key support and resistance levels formed on daily candles when trading on lower time frames.
Confirm trends: if a bullish candle forms on the daily time frame, this can be a signal to look for entry points to buy on lower time frames.
Analyze reversal patterns (e.g. “engulfing”, “hammer” or “doji”) on higher time frames to improve the accuracy of trades.