Background_FrAMACandle_HTF - MetaTrader 5 Script - MT4/MT5 Resources
The indicator draws FrAMA candles on the indicator candlestick of the higher timeframe, as a color-filled rectangle, using draw_fill buffer.
Depending on the candlestick orientation, the body of the candlestick is painted blue or red, and the shadow is painted light blue or pink.
This indicator requires the compiled indicator file FrAMACandle.mq5. Place it in <terminal data folder>\MQL5\Indicators\.
Figure 1. Background_FrAMACandle_HTF indicator
Attachment download
📎 framacandle.mq5 (6.7 KB)
📎 background_framacandle_htf.mq5 (15.4 KB)
Source: MQL5 #14102
Background_FrAMACandle_HTF - MetaTrader 5 script usage and filtering suggestions
Background_FrAMACandle_HTF - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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