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OPEN-SOURCE SCRIPT

[BM] HTF Candle Evolution

By bmistiaen
Updated
█ 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.
Release Notes
Eliminated the request.security() call for better performance. h/t @LucF
Release Notes
Code optimizations.
Candlestick analysiseducationalftfcfulltimeframecontinuityHTFmtfanalysismulti-timeframemultitimeframemultitimeframeanalysisstratthestrattimeframecontinuity

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.