Multi-Timeframe FVG [TFO]The goal of this indicator is to find Fair Value Gaps (FVGs) that overlap on multiple timeframes. FVGs are already meant to be “sensitive” areas where one might expect price to react from, therefore FVGs that overlap on multiple timeframes could provide even more confluence that there may be a reaction in said area (with proper context).
Mitigation Type allows users to select how FVGs should be mitigated, either by wick or by completely closing through the area.
The displacement option helps to filter out smaller FVGs by looking for areas where price ran rather quickly (causing displacement). This is done by comparing the candle that made the FVG to a fractional ATR value, so that one may fine-tune how much “larger” the candle range needs to be, relative to recent price action.
The timeframe alignment option allows users to select how many timeframes must be converging in order to draw FVGs. For instance, with all timeframes selected, a timeframe alignment value of 2 would require that there be overlapping FVGs on 2 or more timeframes. A value of 3 would require that there be overlapping FVGs on all 3 timeframes in order for them to be drawn.
Multitimeframeanalysis
See inside Candles: Directionality %; Constituent Bars & GapsSee inside candles based on user-input LTF setting: get data on 'Directionality' of your candle; Gaps (total and Sum; UP and DOWN); Number of Bull or Bear constituent candles
//Features:
-DIRECTIONALITY: compare length of the 'zig-zag' random walk of lower time frame constituent candles, to the full height of the current candle. Resulting % I refer to as 'directionality'.
-GAPs: what i refer to as 'gaps' are also known as Volume imbalances: the gap between previous candles close and current candle's open (if there is one).
--Gaps total (up vs down gaps). Number of Up gaps printed above bar in green, down gaps printed below bar in red.
--Gaps Sum (total summed UP gap, total summed down gaps. Sum of Up gaps printed above bar in green, Sum of down gaps printed below bar in red.
-Candles Total: Numer of LTF up vs down candles within current timeframe candle. Number of up candles printed above bar in green, Number of down candles printed below bar in red.
//USAGE:
-Primary purpose in this was the Directionality aspect. Wanted to get a measure of how choppy vs how directional the internals of a candle were. Idea being that a candle with high % directionality (approaching 100) would imply trending conditions; while a candle which was large range and full bodies but had a low % directionality would imply the internals were back-and-forth and => rebalanced, potentially indicating price may not need to retrace back into it and rebalance further. All rather experimental, please treat it as such: have a play around with it.
-Number of gaps, Sums of up and down gaps, ratio of up and down constituent candles also intended to serve a similar purpose as the above.
-Set the input lower timeframe; this must obviously be lower then your current timeframe. You will significant differences in results depending on the ratio your timeframes (chart timeframe vs user-input timeframe).
//User Inputs:
-Lower timeframe input (setting child candle size within current chart parent candle).
-Choose function from the four listed above.
-typical formating options: Bull color/bear color txt for gaps functions.
-display % unit or not.
-display vertical or horizontal text.
-Set min / max directionality thresholds; and color code results.
-Toggle on/off 'hide results outside of threshold' to declutter the chart.
-choose label style.
//NOTES:
-Directionality thresholds can be set manually; Max and Min thresholds can be set to filter out 'non-extreme' readings.
-Note that directionality % can sometimes exceed 100%, in cases where price trends very strongly and gaps up continuously such that sum of constituent candles is less than total range of parent candle.
-Personally i like the idea of seeking bold, large-range, full bodied candles, with a lower than typical directionality %; indicating that a price move is both significant and it's already done it's rebalancing; I would see this as potentially favourable for continuation (obviously depending on context).
---- Showcase of the other functions beyond Directionality percentage ----
Candles Total (bull vs Bear). ES1! Hourly; ltf = 5min: Candles total: LTF up candles and LTF down candles making up the current HTF candle (constituent number of UP candles printed above in green, Down candles printed below in red):
Gaps SUM. SPX hourly, ltf = 5min. Sum of 'UP' gaps within candle printed above in green, sum of 'DOWN' gaps printed below in red:
Gaps TOTAL: SPX hourly, ltf = 1min. Simply the total of 'up' gaps vs 'down' gaps withing our candle; based on the user input constituent candles within:
Simple ICT Order Blocks and Fair Value Gaps by Gowtham KannakajeThis scripts identifies ICT Order Block and ICT Fair Value Gaps
Fair Value Gap:
- Fair Value Gap toggle is off by default
- Users can choose to color the bars having Fair Value Gaps or can select to define the Fair Value Gap using boxes.
- Bar color and box colors can be customized
Order Blocks:
- Order Block box and candle color toggle is on by default
- Users can choose to color the Order Block candles or can select to define the Order Blocks using boxes.
- Bar color and box colors can be customized for bullish and bearish Order Block separately
Note:
- Order Blocks are considered valid only if the candle forming the Fair Value Gap closes away from the Order Block.
- Since Trading View limits the number of boxes to 500, it is advised to use the Color Candle option to identify the Order Blocks or Fair Value Gaps which are very old.
New concept Definitions:
Naked OB : An order block whose immediate next candle forms a Fair Value Gap. Here, the Order Block high or low contributes to the formation of Fair Value Gap.
Covered OB : An order block whose immediate next candle doesn't form a Fair Value Gap. Here, the Order Block high or low doesn't contribute to the formation of Fair Value Gap. Instead it will have other candles in between the Order Block and Fair Value Gap.
Disclaimer: The usage of this indicator might or might not contribute to your profits and losses and the author is not responsible for the same.
Happy Trading.
HTF Tool 2HTF Tool 2: Because the previous version was removed for being too powerful.
HTF Tool allows Users to display Higher Timeframe(HTF) Candles on their Chart with retracement lines drawn from the (High/Low) range of the HTF candle, as well as a live HTF MA.
This indicator perfectly handles Requested data to display a non-lagging HTF Moving Average(MA) by bridging a solid historical data stream with the live data stream.
This is done by offsetting plot data backwards to the middle of the last HTF candle, and then drawing a line from the last candle middle, to the live candle middle.
I have manipulated the data display to give the appearance that it consists of only 1 plot line, Whereas in reality, The HTF MA consists of 3 different processes:
- 1 historical plot value, to display the (correct) historical EMA with the same plot points you would see on the HTF chart from the same ema.
- 1 live line, re-drawn at every tick to mimic the way plot values move around while the bar is live.
- 1 live plot value, that is only displayed as a number on the status line and price scale to make it look like these are the outputs from the constantly redrawing line.
Because of this, This indicator displays the exact same way you would see this data on the requested timeframe's chart .
Note: You will see 2 values on the status line, these are the Historic MA, and Live MA values (Left, Right).
When hovering over historic values, a Historic MA value will only display in the middle of the HTF bars (same bar as the HTF wick)
This indicator include:
- HTF Candles, Drawn in the Traditional Candlestick Fashion.
- A User Adjustable HTF EMA / SMA , This Moving Average is accurate the the display you would see on a HTF chart.
- User Adjustable Retracement lines, up to 3 levels. These levels dynamically delete when price crosses them.
- Adjustable Display Range to display more or less HTF candles.
- Toggleable "Safe Mode" to keep the indicator display looking clean at all times.*
All Colors are Customizable to fit your layout style (Candle, Levels, HTF MA)
*Safe mode checks that your current chart's timeframe cleanly multiplies into your requested timeframe an odd number of times. This keeps the HTF candle wicks perfectly centered, and keeps the candle body width perfectly consistent.
If you choose to turn safe mode off here are some things to consider:
All Vertical data is consistent with the HTF requested , ONLY the horizontal alignment of the indicator will be thrown off.
When on low timeframes requesting other relatively low timeframes these issues are extremely more apparent than when requesting substantially larger timeframes.
Example: Safe Mode will likely need to be turned off for any 4h chart request, but as seen in the following image, the bars still look very normal.
Note: If you ONLY want to see the Levels and Moving Average... You ARE capable of requesting the current chart's timeframe. If you do this, the indicator will stop drawing the HTF candles, since your chart already shows that timeframe's candles.
Enjoy!
Stoch RSI 15 min - multi time frame tableABOUT THIS INDICATOR
This indicator calculates the Stochastic RSI for the time frames 15 min, 30 min, 1h, 4h, and 12h. However, the 15 min time frame should always be the default time frame for your chart.
IMPORTANT
* NOTE! It's extremely important that the chosen time frame for your chart is 15 min. Otherwise the Stochastic RSI for the longer time frames won’t be correctly calculated.
* Stochastic RSI will be calculated and displayed in a table for the time frames: 15 min, 30 min, 1h, 4h, 12h.
* All time frames are based on closed bars except the "15minR" that are realtime updated values calculated on a 15 min time frame.
ABOUT STOCHASTIC RSI
The Stochastic RSI (StochRSI) is a momentum indicator that ranges between 0 and 100. A Stochastic RSI value above 80 is considered overbought and below 20 is considered oversold.
By using different time frames you can get a better idea of what direction the trade could take in a "longer" perspective.
SETTINGS
1.) Length RSI = 14 (default period)
2.) Smoothing parameter of Stochastic RSI (Length Moving Average = 3) . Moving average of stochastic RSI
* By default the displayed Stochastic RSI values are smoothed values of the actual Stochastic RSI. The smoothnes is formed by a calculated moving average of with the length of 3 by default.
If you want Stochastic RSI with a sharper signal (higher risk for "false alarms" being more sensitive) change the Length Moving Average to = 1 (no smoothness at all)
You can see the selected "Length RSI" and "Length Moving Average" on top of the Stochastic RSI table.
Next version of this script will be updated with more a more flexible solution for different time frames.
* NOTE, Tradingview comes with a inbuilt Stochastic RSI. See the the chart below. The blue line in the Stochastic-RSI chart represents (K value = 3) the same value as the script calculate/display in the table.
Trendly
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About the script:
This script is an easy-to-use trend indicator, which is based on another popular indicator called "Supertrend" . The basic idea is very simple, i.e. to compute Average True Range(ATR) and use that as the basis for trend detection. The key difference lies in a custom trend detection method, that computes trends across different timeframes and projects them in a table view. The script also tries to improve the behaviour of the existing indicator by highlighting flat regions on the chart, indicating sideways market or potential trend reversals.
How to use it:
You can use it just like any other indicator, add it to your chart and start analysing market trends. Results can be interpreted as follows.
Indicator output is currently made up of two main components:
>> Trend Table:
Appears at the bottom right of your screen
Contains trend indicator for 9 different timeframes
Timeframes can be adjusted using indicator settings panel
Green Up Arrow --> Up Trend
Red Down Arrow --> Down Trend
>> Enhanced Supertrend:
Shows up as a line plot on the chart
Green line indicates up trend
Red line indicates down trend
White regions indicates slow moving markets or a potential trend reversal
Indicator can be used on any timeframe, it provides a view of current and historical market trend
Can be used as an indicator for entering/exiting trades
Can be used to build custom trading strategies
NSDT Double MA ShadingThis script is an interesting take on Convergence and Divergence of Moving Averages. With the built-in MACD Indicator, you cannot make these adjustments to the settings.
DESCRIPTION
The top Moving Average is calculated on the High of the candle.
The bottom Move Average is calculated on the Low of the candle.
If the two are moving apart (Divergence), the shaded area between them turns Green.
If the two are moving together (Convergence), the shaded area between them turns Red.
This may help identify when a trend is becoming stronger or weaker, based on the shaded area and Moving Average direction.
POSSIBLE USAGE
For example:
If the MA's are pointing downward and the shaded area is Green - it means that average distance between the candle High and Low is getting wider, which may indicate a stronger downward movement. Then, when the shaded area turns Red, signaling the average distance between the candle High and Low are getting narrower, this may indicate that the downward movement is weakening, and may be the end of that downward trend.
SETTINGS
You can choose from EMA, SMA, WMA, RMA, HMA, TMA, and VWMA.
Although you can choose the MA Source, it is highly recommended to keep one source on the High of the candle and the other on the Low of the candle, for measure Convergence and Divergence.
All indicator settings are editable.
It can be used on Multi Timeframes (MTF).
This script is free and open source.
Auto Fibo Multi Timeframe [Misu]█ This indicator shows a Multi Timeframe automatic Fibonacci retracement levels.
This indicator is built using pivots from a user-selected timeframe to draw and orient the Fibonacci retracement.
Fibonacci analysis uses a logical sequence of numbers to predict trends and price action.
█ Usages:
The Fibonacci retracement is used to identify hidden support and resistance levels that an investor can use for entry, exit, and stop placement.
Depending on your usage, you can track breakouts above and below retracement levels to provide early entry points for major breakouts and breakdowns.
Higher timeframe Fibs allow you to have more relevant and weighted signals.
█ Features:
Choose Timeframe
Choose Fib levels
Color Fib Levels Individually
Color Fib Levels all in one
█ Parameters:
Timeframe: The Timeframe chosen.
Left Bars: A parameter used to calculate pivots.
Right Bars: A parameter used to calculate pivots.
UI Settings: Select Fibs levels and colors.
CFH | RSI-SRSI tableShows RSI and SRSI values on multiple timeframes, highlights oversold and overbought
Timeframes and colors are customizable
/V1llager/
Timeframe Bias TableAllows you to display a bias for the W, D, 4h, 15m & 1m Timeframes based on your own analysis.
Automated OHLC OLHC LevelsA simple, clean, effective visualization tool, for the OHLC or OLHC of a chosen candle/timeframe.
Apply this indicator using a higher timeframe, in conjunction with other levels and the directional bias, to easily recognize trading opportunities at lower timeframes.
SuperTrend Momentum Chart(My goal creating this indicator) : Provide a quick way to check the current momentum of multiple timeframes. The Smart Momentum Chart was intended to be a live trading tool that should be used when a trader has already defined his edge and no longer needs the past Momentum data.
The Underlying Concept
What is Momentum ?
The Momentum shown is derived from a Mathematical Formula SUPERTREND , when price is above SUPERTREND its bullish Momentum and when its below SUPERTREND its Bearish Momentum. This indicator scans for candle closes on the timeframes you've selected and when there is a shift in momentum it notifies the trader with a color change and an alert if one was set up.
Technical inputs
- If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals.
Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data.
Time Frame Inputs
- Your able to fill the chart with up to 8 timeframes
- If You don't need all 8 you can limit the amount to display by changing the "Time Frame Amount"
Display Inputs
- You can change the size of the chart and the color of the text
- You can toggle ON if you want to be signaled when a momentum switch occurs ( bullish to bearish or bearish to bullish )
- Your able to pick the Bullish and Bearish Colors of the Momentum switch
How it can be used ?
- Easily check the momentum of other Timeframes and use that information as a variable in your trading plan.
- quickly glance and know the momentum of any time frame before you enter any trade
- always know the momentum of the higher time frames
- Eliminate the need to switch from current chart
- Get an abundance of information in one location
- Have clear variables to structure your trades around
MTFA - Multi Time Frame Analysis - Moving AveragesThis indicator will help you make better informed trading decisions by showing higher time frame moving averages overlaid on a single chart. You can customise 4 moving averages.
Triple RSI strategyThis strategy is commonly used both in forex and stock markets for reversal trading. when the rsi line reaches and crosses simultaneously at 3 rsi setups i.e at 7, 14, and 21, a signal is generated.
This strategy works best in 1-hour timeframe. It provides over 60 to 80 percent accuracy in 1-hour timeframe.
In the stock market, this strategy provides an excellent entry point, if one is seeking small profits.
One can expect to make around 10 to 50 pips in the forex market easily. However, I advise seeking support from price action from the lower timeframe in the forex market.
I hope you like it.
Follow for more strategies and scripts like this.
Rsi/W%R/Stoch/Mfi: HTF overlay mini-plotsOverlay mini-plots for various indicators. Shows current timeframe; and option to plot 2x higher timeframes (i.e. 15min and 60min on the 5min chart above).
The idea is to de-clutter chart when you just want real-time snippets for an indicator.
Useful for gauging overbought/oversold, across timeframes, at a glance.
~~Indicators~~
~RSI: Relative strength index
~W%R: Williams percent range
~Stochastic
~MFI: Money flow index
~~Inputs~~
~indicator length (NB default is set to 12, NOT the standard 14)
~choose 2x HTFs, show/hide HTF plots
~choose number of bars to show (current timeframe only; HTF plots show only 6 bars)
~horizontal position: offset (bars); shift plots right or left. Can be negative
~vertical position: top/middle/bottom
~other formatting options (color, line thickness, show/hide labels, 70/30 lines, 80/20 lines)
~~tips~~
~should be relatively easy to add further indicators, so long as they are 0-100 based; by editing lines 9 and 11
~change the vertical compression of the plots by playing around with the numbers (+100, -400, etc) in lines 24 and 25
OHLC MTFThe script allows you to plot the opening, highest, lowest and closing (ohlc) values of a previous candle.
Settings :
- "Time Frame" : allows you to choose the reference time frame;
- "Offset" : sets which candle to select the data from.
Ex : If you select "1 day" as the time frame and "1" as the offset, the OHLC values of yesterday's daily candle will be displayed (regardless of your current time frame).
+ Multi-timeframe Multiple Moving Average LinesThis is a pretty simple script that plots lines for various moving averages (what I think are the most commonly used across all markets) of varying lengths of timeframes of the user's choosing. Timeframes range from 5 minutes up to one month, so regardless if you're a scalper or a swing trader there should be something here for you.
There are 8 lines (that can be turned on/off individually), which may seem like a lot, but if you use two averages and want to display four different timeframes for each, you can do that. The nice thing is that because the lines start plotting from the current bar they won't clutter up the screen. And obviously having moving averages from different timeframes on your chart makes price action more difficult to read (I mean sure, you can make them invisible, but who wants to do that all the time).
For each line there are two labels. One with the moving average type, and the other with its specific timeframe. I can't include the moving average length because it's not a string input. If anyone has a workaround for this, let me know, otherwise I would simply recommend setting different colors depending on the length, or if you only use one or two lengths and one or two moving averages this shouldn't be an issue. I had to use two labels because for the label text I couldn't include more than one string input, this is why there is an input for the 'moving average type label distance.'' You will want to adjust this depending on if you are trading crypto, futures, or forex because in some cases there may still be label overlap.
Pretty much everything else is self-explanatory.
I've added alerts. I might need to modify them if I can, because it would be nice for them to state the name and timeframe of the moving average. But I think this will do for now.
Enjoy!
Magnifying Glass (LTF Candles) by SiddWolf█ OVERVIEW
This indicator displays The Lower TimeFrame Candles in current chart, Like Zooming in on the Candle to see it's Lower TimeFrame Structure. It plots intrabar OHLC data inside a Label along with the volume structure of LTF candle in an eloquent format.
█ QUICK GUIDE
Just apply it to the chart, Hover the mouse on the Label and ta-da you have a Lower Timeframe OHLC candles on your screen. Move the indicator to the top and shrink it all the way up, because all the useful data is inside the label.
Inside the label: The OHLC ltf candles are pretty straightforward. Volume strength of ltf candles is shown at bottom and Volume Profile on the left. Read the Details below for more information.
In the settings, you will find the option to change the UI and can play around with Lower TimeFrame Settings.
█ DETAILS
First of all, I would like to thank the @TradingView team for providing the function to get access to the lower timeframe data. It is because of them that this magical indicator came into existence.
Magnifying Glass indicator displays a Candle's Lower TimeFrame data in Higher timeframe chart. It displays the LTF candles inside a label. It also shows the Volume structure of the lower timeframe candles. Range percentage shown at the bottom is the percentage change between high and low of the current timeframe candle. LTF candle's timeframe is also shown at the bottom on the label.
This indicator is gonna be most useful to the price action traders, which is like every profitable trader.
How this indicator works:
I didn't find any better way to display ltf candles other than labels. Labels are not build for such a complex behaviour, it's a workaround to display this important information.
It gets the lower timeframe information of the candle and uses emojis to display information. The area that is shown, is the range of the current timeframe candle. Range is a difference between high and low of the candle. Range percentage is also shown at the bottom in the label.
I've divided the range area into 20 parts because there are limitation to display data in the labels. Then the code checks out, in what area does the ltf candle body or wick lies, then displays the information using emojis.
The code uses matrix elements for each block and relies heavily on string manipulation. But what I've found most difficult, is managing to fit everything correctly and beautifully so that the view doesn't break.
Volume Structure:
Strength of the Lower TimeFrame Candles is shown at the bottom inside the label. The Higher Volume is shown with the dark shade color and Lower Volume is shown with the light shade. The volume of candles are also ranked, with 1 being the highest volume, so you can see which candle have the maximum to minimum volume. This is pretty important to make a price action analysis of the lower timeframe candles.
Inside the label on the left side you will see the volume profile. As the volume on the bottom shows the strength of each ltf candles, Volume profile on the left shows strength in a particular zone. The Darker the color, the higher the volume in the zone. The Highest volume on the left represents Point of Control (Volume Profile POC) of the candle.
Lower TimeFrame Settings:
There is a limitation for the lowest timeframe you can show for a chart, because there is only so much data you can fit inside a label. A label can show upto 20 blocks of emojis (candle blocks) per row. Magnifying Glass utilizes this behaviour of labels. 16 blocks are used to display ltf candles, 1 for volume profile and two for Open and Close Highlighter.
So for any chart timeframe, ltf candles can be 16th part of htf candle. So 4 hours chart can show as low as 15 minutes of ltf data. I didn't provide the open settings for changing the lower timeframe, as it would give errors in a lot of ways. You can change the timeframe for each chart time from the settings provided.
Limitations:
Like I mentioned earlier, this indicator is a workaround to display ltf candles inside a label. This indicator does not work well on smaller screens. So if you are not able to see the label, zoom out on your browser a bit. Move the indicator to either top or bottom of all indicators and shrink it's space because all details are inside the label.
█ How I use MAGNIFYING GLASS:
This indicator provides you an edge, on top of your existing trading strategy. How you use Magnifying Glass is entirely dependent on your strategy.
I use this indicator to get a broad picture, before getting into a trade. For example I see a Doji or Engulfing or any other famous candlestick pattern on important levels, I hover the mouse on Magnifying Glass, to look for the price action the ltf candles have been through, to make that pattern. I also use it with my "Wick Pressure" indicator, to check price action at wick zones. Whenever I see price touching important supply and demand zones, I check last few candles to read chart like a beautiful price action story.
Also volume is pretty important too. This is what makes Magnifying Glass even better than actual lower timeframe candles. The increasing volume along with up/down trend price shows upward/downward momentum. The sudden burst (peak) in the volume suggests volume climax.
Volume profile on the left can be interpreted as the strength/weakness zones inside a candle. The low volume in a price zone suggests weakness and High volume suggests strength. The Highest volume on the left act as POC for that candle.
Before making any trade, I read the structure of last three or four candles to get the complete price action picture.
█ Conclusion
Magnifying Glass is a well crafted indicator that can be used to track lower timeframe price action. This indicator gives you an edge with the Multi Timeframe Analysis, which I believe is the most important aspect of profitable trading.
~ @SiddWolf
Multi-timeframe MomentumThe Multi-timeframe momentum indicator is similar in concept to a velocity indicator like rate-of-change, but visualizes smoothed price changes by applying an EMA and linear regression to price difference at every bar. Momentums from 1 minute to 1 quarter are plotted on a single chart using the request.security function. Standard and Fibonacci timeframes are available as well as the ability to hide high-timeframes to keep the chart clean. Like any oscillator, divergence in the momentums can be used to identify price reversals in conjunction with support and resistance. When linear regression is applied, high and low inflection points are used to identify reversals in a manner similar to MACD.
Much love to DumpCap! The script is presented sans secret sauce.
Multi-timeframe EMAThe Multi-timeframe exponential moving average (EMA) indicator visualizes EMAs from 1 minute to 1 quarter on a single chart using the request.security function. Standard and Fibonacci timeframes are available as well as the ability to hide high-timeframe EMAs to keep the chart clean. Cross-overs and arrangement of the EMAs indicate sentiment.
Much love to DumpCap! The script is presented sans secret sauce.
MultiTimeFrame Stochastic
Multi Time Frame Stochastic
Fast, medium, slow and Too slow stochastic of current time frame and higher time frame for creating view for buying or selling
How to use
1. For Divergence - price making higher high but stochastic making lower high or vice versa
2. choosing strategy - whether buy the dips or sell on rise
3. deciding whether downtrend or uptrend is over or not - higher time frame stochastic comes from over brought to oversold
High Probablity Buy trade
Higher time frame stoch oversold and divergence seen in chart and stoch and lower low forming stopped in chart and stoch
High Probablity sell trade
Higher time frame stoch overbought and divergence seen in chart and stoch and higher high stopped in chart and stoch
caution : it only go to 0 to 100 so some time it is overbought for long time the fall or vice versa, use it with other confirmation like price action or candlestick pattern
if you like the work
paytm donation id ----- 7001473382@paytm
MTF High LowThis is a Multi-Time Frame High Low Indicator that plots the highest and lowest price levels of the chart timeframe and a user selected higher timeframe.
The length can be optimized by the user from settings (default value is 6 candles) and table position can also be adjusted.
The calculation does not takes into account the last candle price data to form a view using the current close price as described below:
If Close > mid value of High + Low, view is Bullish
If Close < mid value of High + Low, view is Bearish
The above is also calculated for the higher timeframe and view for both timeframe is updated in the chart.
The color coding is dynamic based upon the current close price levels and comparisons with High, Low and Mid values.
The mid values level plot is hidden by default and can be enabled and saved as default if the user likes so.
[BM] HTF Candle Evolution█ OVERVIEW
This script shows how a higher timeframe candle evolves over time.
It was created as a visual aid to #TheStrat and provides a new way of looking at Timeframe Continuity.
█ FEATURES
General
HTF: Higher Timeframe selection with dropdown and ability to manually input a timeframe that is not present in the dropdown.
Label: Show a label with the selected higher timeframe.
Marker: Shows a marker symbol at the start of each new higher timeframe.
Align: Aligns the candles around a selected center line.
The Strat
Multi-timeframe analysis is used extensively in #TheStrat (created by Rob Smith), so the ability to add #TheStrat coloring has been made available.
Scenario: Define the colors for the strat scenario's.
Coloring of: Choose which part of the candles you want the selected strat scenario colors to be applied to.
Band: Display a band that shows the active strat scenario color of the selected higher timeframe.
All features are completely customizable.
