The Candle Overlay MT4 Indicator is an informational indicator for MetaTrader 4 and is designed to display the higher time frame candlesticks on a lower time frame chart. This indicator overlays candlesticks from any chosen time frame up to H4 directly onto the candlesticks on the current main chart. Specifically, this indicator allows traders to observe the price action of, for example, an H4 candlestick chart while operating on an H1 time frame. This Indicator effectively eliminates the need to constantly toggle between time frames during trade analysis.
This indicator is suitable for traders of all skill levels and supports analysis up to the H4 timeframe. Its versatility makes it ideal for trading multiple currency pairs within any forex trading system or strategy, enabling comprehensive multi-timeframe analysis.
Indicator Settings
How to Install Candle Overlay MT4 Indicator
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
