Candles_Painter is a multi-timeframe indicator designed to overlay higher timeframe (HTF) candle context onto a lower timeframe chart. It visually colors each bar on the active timeframe according to the bullish or bearish direction of the enclosing HTF candle. The indicator draws filled rectangles representing the HTF candle bodies (open to close, excluding wicks) with customizable fill opacity and separate colors for bullish and bearish candles. Optional HTF high and low lines can also be displayed with adjustable thickness.
Key features include:
- Coloring of all bars within an HTF candle by its direction.
- HTF body overlays for clear visual bias.
- Independent styling for bullish and bearish HTF candles.
- Adjustable transparency for neat integration with price data.
- Configurable lookback period for the number of HTF candles shown.
- Lightweight implementation using native chart objects for performance.
Users can customize parameters such as the higher timeframe to overlay (e.g., daily, 4-hour), colors for bars and HTF candles, opacity, and whether to display HTF high/low lines. This tool is suited for intraday traders, scalpers, and market structure practitioners who require continuous HTF context without switching charts.