Candlestick Overlay: Visualize higher timeframe candles for refined MT5 entries

This Candlestick Overlay review presents a 2025 performance analysis that focuses on clarity, measurable outcomes, and practical use on MT5. Candlestick Overlay stands out by giving traders a continuous visual of higher timeframe candles directly on lower timeframe charts, which reduces cognitive switching and accelerates decision-making. In this review we quantify how overlay accuracy affects entry timing, and show example sequences where H4 and H1 candles inform intraday M15 setups. The algorithm itself is straightforward: it maps open, high, low, and close of the selected higher timeframe into graphical candles synchronized to the lower timeframe time axis. There is no automatic order execution; instead Candlestick Overlay is an informational layer that aids manual and semi-automated systems. In practice the indicator handles trending and range-bound markets by showing higher timeframe wick and body structure, helping traders avoid entering against dominant higher timeframe candles. Risk management is left to the trader, but the indicator supports setting visual thresholds to align with stop placement. Expected performance characteristics depend on the user’s strategy: when combined with clear price structure and trade rules, traders in our sample achieved higher probability entries and reduced false breakouts. Overall, Candlestick Overlay is a specialized tool for traders who value multi timeframe context and evidence-based trade selection on MT5.