PO3 Exotrades

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PO3 Exotrades Indicator

The PO3 Exotrades indicator is designed to provide an advanced and customizable way to visualize market trends on higher timeframes. It displays scaled and color-coded candles with precise wick and body structures for better chart analysis. This indicator is ideal for traders who want to analyze and monitor higher timeframe (HTF) market data directly on lower timeframe charts.

Key Features:
Scaled and Customizable Candles: The indicator allows for adjustable candle size and spacing, making it suitable for different trading styles and preferences. You can scale up or down the candle body width while maintaining the original height to ensure accurate visual representation.
Color-Coding for Market Direction: The indicator automatically colors the body of the candles based on the market's trend. Green represents a bullish candle, while red represents a bearish candle, giving quick visual cues for price movement direction.
Wicks Visualization: The indicator also visualizes the wicks of the candles, providing detailed insight into price action and volatility. Wicks can be color-customized for both bullish and bearish movements.
Timeframe Customization: You can set the timeframe (TF) to your preferred value, allowing for flexibility in analyzing high timeframe candles on lower timeframe charts.
Chart Trading (CRT) Friendly: Ideal for Chart Trading (CRT), the indicator's clean and clear visuals help traders spot key market signals more effectively, making it a perfect tool for those who engage in intra-day or long-term chart trading.
User-Friendly Adjustments: Customize the appearance of the candles, wicks, and their spacing to suit your preferences, enhancing your chart analysis and trading strategy.
How to Use:
Apply the PO3 Exotrades indicator to your chart.
Adjust the scale to increase or decrease the candle width for better visual clarity.
Use the indicator's color-coded candles to identify bullish and bearish market conditions quickly.
Analyze the wick structures to understand volatility and price action during key market movements.
Leverage the HTF data on lower timeframes to align your trading strategies with higher timeframe trends, optimizing your entries and exits.
Whether you're a scalper, day trader, or swing trader, the PO3 Exotrades indicator enhances your technical analysis and provides an edge in your trading decisions by visualizing HTF data in a clear and actionable way.

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Versionshinweise

PO3 Exotrades Indicator Update - Multi-Candle Display

New Feature: Multiple Candle Display

In this update, the PO3 Exotrades indicator now allows you to select how many recent candles you want to display, providing more flexibility for your charting needs. Previously, the indicator displayed a fixed number of candles (3). Now, you can adjust the number of candles displayed, from 1 to a maximum of 10, based on your preference.

Key Updates:

1. Customizable Candle Display:

You can now control how many candles are shown on your chart. The number of candles can be set between 1 and 10 using the "Number of Candles to Display" input option.

2. Dynamic Candle Rendering:

The indicator dynamically adjusts the number of candles it draws based on the selected value.
When the number of candles is set to 1, only the latest candle is displayed.
When the number of candles is set to 2, the last two candles will be shown, and so on up to 10 candles.

3. Spacing and Scaling Adjustments:

The spacing between the candles dynamically adjusts based on the scale setting, allowing you to fine-tune the appearance of the candles for a clearer view, especially when more than 3 candles are displayed.

4. Maintaining Candle Properties:

Each candle maintains its individual properties, including color, body, wick size, and position, which are automatically adjusted as the number of candles is increased or decreased.

How It Works:

The indicator uses a simple logic to display a series of candles starting from the most recent one. The number of candles to display is controlled via the input option.

For example, setting the number to 3 will show the most recent 3 candles. If the number is changed to 5, the indicator will show the latest 5 candles, and so on.

The candles are drawn with proper spacing, ensuring they don't overlap, and the display will adjust based on your preferred scale.

Conclusion:

With this update, you now have the flexibility to view any number of the most recent candles (up to 10) with clean, consistent spacing and accurate scaling, making it easier to analyze price movements over different timeframes.