MetaTrader 5 Higher Time Range OHLC Indicator Download - Free | Forex Indicator Download - MT4/MT5 Resource

The Higher Time Frame OHLC indicator is a specialized tool for multi-timeframe analysis on the MetaTrader 5 (MT5) platform that enables users to view higher time frame candles within their current timeframe .

Trading Tool helps traders analyze price trends by displaying candlesticks on higher time frames, entry , and exit to view points on lower time frames without having to switch time frames, thus continuously providing more accurate market analysis.

Indicator Table

Overview of Higher Time Range OHLC Indicators

The Higher Time Range OHLC indicator is a powerful tool for multi-timeframe analysis.

By displaying the open, close, high and low of higher time frame candles as colored lines, this indicator provides traders with a clear visualization of the status of the higher time frame, helping them analyze against these key levels.

Bullish Candle

Price is in an uptrend USD/CAD 1-hour chart. The Higher Time Frame OHLC indicator is showing severe levels of the higher time frame candles , showing the overall trend direction on the higher time frame.

This indicator plots candlestick open, high, low and closing prices, allowing traders to perform multi-timeframe analysis within the current timeframe without switching. Therefore, traders can analyze key levels to make more informed decisions.

Bearish Candle

In the XAUUSD 15-minute chart, the price is in a downtrend. The Higher Timeframe OHLC indicator displays key levels of higher timeframe candles, providing a clear view of the overall market trend.

The indicator plots the open, high, low and close of higher timeframe candles, enabling multi-timeframe analysis within the current timeframe. This feature allows traders to assess the overall trend of the market and utilize these trend levels to make better trading decisions without switching time frames.

Indicator Settings

Display Settings

• Chart Theme : Custom indicator theme;

Indicator Settings

• Higher Timeframe : Set a higher time frame;
• Lookback : Set the number of past candles to display;
• Display the OHLC of the open candle : display the current candle;
• Continue Lines : Extend 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 color of the closing price line;
• Show Separator : Toggle the separator between each candle;
• Lines Style : Set line style;
• Lines Width : Set line width;
• Show Labels : Toggle label display.

Conclusion

The Higher Time Frame OHLC indicator is a useful tool for multi-timeframe analysis, enabling traders to understand the status of higher time frame candles .

By displaying the open, high, low and close of higher timeframe candles, the technical analysis MetaTrader 5 indicator alerts traders to key levels and overall trends, allowing for more accurate analysis without changing the timeframe.