If you're looking to fine-tune your trading strategy, the Background Candle Fisher CG Oscillator for MetaTrader 5 might be just what you need. This nifty indicator paints candlesticks from a higher timeframe as filled rectangles using DRAW_FILLING buffers, giving you a clear visual on market trends.
The rectangles are color-coded based on the values from the Fisher CG Oscillator. If the trend is bullish, you’ll see the candlestick body painted in a vibrant emerald green, while bearish trends are marked with a striking purple. The shadows follow suit, with light green and plum indicating the market's movements.
To get the most out of this indicator, you’ll need to have the compiled file FisherCGOscillator.mq5 in your trading setup. Simply place it in your terminal's data folder under MQL5/Indicators and you’re good to go!
Figure 1. Indicator BackgroundCandle_FisherCGOscillator_HTF
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