OPEN-SOURCE SCRIPT

1h Hollow Candle on 5m - SS

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This indicator displays 1-hour candles on a 5-minute chart using a clean, minimal visual style designed for intraday traders who want to track higher-timeframe structure without cluttering the chart.

The higher-timeframe (HTF) candles are drawn as hollow outlines, which makes them easy to read while keeping the underlying 5-minute price action fully visible. Each 1-hour candle includes:

Wicks (high & low)

Open/close borders

Color-coded direction (green = bullish, red = bearish)

Transparent body so they never block real candles

This is ideal for traders who want to:

Identify HTF structure during scalping

Spot key reversals inside hourly candles

Track premium/discount zones relative to each 1h candle

Improve top-down analysis without switching timeframes

Haftungsausschluss

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