Indicators: BackgroundCandle_ColorLaguerre_HTF

 

BackgroundCandle_ColorLaguerre_HTF:

The indicator draws candlesticks of a larger timeframe as color filled rectangles in accordance with the values of the ColorLaguerre indicator.

Depending on trend direction the candlestick body is painted in red or green, shadows are painted in plum violet or lime.

Figure 1. Indicator BackgroundCandle_ColorLaguerre_HTF

Author: Nikolay Kositsin

 
How is it supposed to be used on such an averaged signal ?