Custom Multi-Style Candlestick Chart (Arjo)

Custom Multi-Style Candlestick Chart
View the same market through different candle-types to spot structure, trend, and volatility more clearly.

This indicator lets you view price action using several alternative candlestick styles, including Traditional, Smooth, Hull, EMA-based, Median-based, Heikin-Ashi, and more.
Instead of changing charts manually, you can instantly switch between different candle types in a single panel, even for other chart symbols.

Different smoothing techniques highlight different aspects of market behaviour — trend clarity, volatility compression, swing structure, and momentum. This tool helps traders see those variations quickly without altering their main chart settings.

What This Indicator Does
1. Displays multiple candle-types
From the settings panel, you can choose:

• Traditional Candles – Standard OHLC data.
  
• Heikin-Ashi – Smooths out noise and shows cleaner trend flow.
  
• Smooth Candles – Uses a SuperSmooth filter to reduce short-term volatility.
  
• Hull Candles – Uses Hull MA smoothing for fast trend visualization.
  
• EMA Candles – Uses EMA-smoothed OHLC values.
  
• Median Candles – Shows median-filtered OHLC values for noise reduction.
  
• Custom Candles – A special formula using previous bars to create a balanced pivot-style open.
  

Each candle type offers a slightly different look at the same market.

2. Uses the Same Symbol & Timeframe

The indicator always uses:

• the same timeframe as your chart, and
  
• the symbol you select (Chart Symbol or Custom Symbol)
  

This makes it easy to compare the alternative candles directly with the price.

3. Includes Dynamic Support & Resistance
The indicator calculates:

• 20-period EMA (trend centerline)
• ATR-based support and resistance levels

These levels help traders see where the price may find pressure or relief during normal volatility.

4. Shows Trend Strength (ADX Background Color)

The background becomes lighter or darker depending on ADX strength:

• Low ADX (below 15) → Market may be quiet or range-bound
  
• Higher ADX → Trend may be strengthening
  

This is only a visual guide and not a signal.
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How to Use It
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1. Choose a candle type from the settings.
Try switching between Smooth, Hull, Median, Heikin-Ashi, or other to see which gives you the clearest structure.

2. Compare the smoothed candles with the real price
Smoothed candles remove noise. They help to:

• identify swing direction
  
• spot trend strength
  
• study clean momentum behaviour
  

3. Use the EMA-20 + ATR bands
These bands help you see natural dynamic support and resistance zones based on both trend and volatility.

4. Background color helps understand trend conditions
When the ADX is low, the background becomes slightly shaded to warn of choppy or low-momentum sessions.

5. Use with other tools
This indicator is intended solely as a visual aid.
You may combine it with your own signals, patterns, or risk-management methods.

Disclaimer

This indicator does not generate buy/sell signals.
It is meant for visual analysis only.
It does not predict future prices or guarantee any outcome.
Always use proper risk management and confirm decisions with your own analysis.

Happy Trading (ARJO)