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BackTestable MTF MC Candles

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The index displays the most recent X candles on any symbol / stage on your current chart. It may be updated on each tick or after on each candle on any timeframe you define. The index permits you to see tendencies/marketplace impulses/patterns from all timeframes simultaneously without needing to switch between graphs, as shown in the screenshot. Make trades based on longterm trends and / or use the “power meter” to find the strongest trending monies in the moment.

The indicator can also be used for visual testing on the history to track candle patterns on larger timeframes. For example, when testing on the history in visual mode on the M1 chart, you can see all the candlesticks from the M5, M15, …, MN1 timeframes (see screenshot 1).

To display different pairs on the same chart, simply run the indicator several times.

  • backtesting-set to TRUE if you are using the indicator for testing on the history in visual mode. When analyzing the real market, set it to FALSE. Default = False.
  • currencypairs-when working with a symbol on the current chart, leave the parameter blank. Otherwise, you can enter up to 30 pairs (e.g. GBPUSD or just GU) separated by commas.
  • timeframes-enter the required working timeframes separated by commas.
  • numcandles – the number of displayed candlesticks from the current one.
  • historicalshift – at 0, the graph is displayed in its current form. When you enter any positive number, the chart is displayed as it looked X candles ago.
  • CandleWidth (the width of the candle) – can take values from 2 to 5. The default is 3.
  • spacingbetweencandles – distance between candles) – can be equal to 1, 2 or 3. The larger the value, the wider the distance between candles.
  • Colors, textColor/Font/Size – the color, font, and size of the text.
  • displayInfo-if TRUE, the indicator displays the latest bid/ask price, tick time, buy/sell swap values, and spread (including in the form of % from the average daily movement) and the pip value.
  • displayccyname – if TRUE, the name of the symbol () is included in placemarks along the bottom of the window.
  • DisplayTF – if TRUE, the value of the timeframe () is included in placemarks along the bottom of the window.
  • refresheveryxmins-at 0, the data in the window is updated immediately after a new tick appears. At 1, 5, 15, 30, 60 or 240, the data in the window is updated when a new candle appears on the charts M1, M5, M15, M30, H1 or H4, respectively.
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