Higher Time Range OHLC Indicator Download for MetaTrader 4 - Free - MT4/MT5 Resource

The Higher Time Frame OHLC indicator is very valuable for analyzing current and previous candles. Developed for the MetaTrader 4 (MT4) platform, it allows traders to view the status of candles a higher timeframe within their current timeframe .

With these Trading Tools , traders can easily view the open, high, low, and close of higher timeframe candles on the current chart, allowing for more comprehensive analysis and better decisions.

Indicator Table

Indicators at a glance

The Higher Time Frame OHLC indicator is a useful tool for traders who wish to analyze multiple time frames.

This tool displays the status of candles on the current time frame, helping traders better understand the market by identifying candles on higher time frames (open, close, high and low).

Bullish candles in indicators

Price is in an uptrend USD/CHF 1-hour chart. The Higher Time Frame OHLC indicator displays four lines on the chart showing critical levels of higher time frame candles including open, high, low and close.

These lines help traders identify necessary support and resistance levels starting from higher time frames on the current chart, allowing them to analyze trends and key points more precisely.

Bearish candles in indicators

In the AUD/USD 1-hour chart, the Higher Time Frame OHLC indicator displays four lines representing the open, high, low and closing prices of the higher time frame candles, helping traders identify key price levels and make better trading decisions.

The indicator uses labels to designate these lines, which facilitates more accurate analysis and identification of important support and resistance levels.

Indicator Settings

Display_Settings

• Chart_theme : select a custom theme for the indicator;

Indicator_Settings

• Higher_tf: select a higher time range;
• Lookback: Displays the number of past candles;
• Show_current: displays the current candle;
• Continue_lines: Draw lines forward from the current candle (based on candles);
• Open_color: Set the color of the opening price line;
• High_color: Set the color of the high price line;
• Low_color: Set the color of the low price line;
• Close_color: Set the closing price line color;
• Show_separator: Switch the separator between each candle;
• Line_style: Choose Line Style;
• Line_width: Set Line Width;
• Show_labels: Switch label display.

Conclusion

The Higher Time Frame OHLC indicator is a useful tool for multi-time frame analysis, allowing traders to view the higher open, high, low and closing timeframe candles within the current time frame.

This MetaTrader 4 indicator draws four main lines and clearly displays critical levels of higher time frame candle charts, helping traders make more accurate decisions and effectively analyze price trends.