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Ultimate Custom MTF ScreenerThis indicator will allow you to make your custom TradingView MTF screener without coding. Add it to the chart, select up to 10 instruments, 4 timeframes, and 4 indicators, and the screener will do the rest for you. The indicator will form a lovely table with all values and highlighted signals. The screener is highly customizable, and you can choose its position on the chart, sorting, order of the columns, and colors for the tables. You can easily change parameters for all supported indicators and their signals. Currently, there are 21 different custom indicators available. Current list of indicators: Average Directional Index (ADX) - displaying the value of ADX and checking if it's higher than the threshold Average True Range (ATR) - showing the value of ATR Awesome Oscillator (AO) - displaying the value of AO and highlighting positive/negative values. Bollinger Bands (BB) - showing if the price is above/below/in the channel. Breakout Pivots - Displaying when the price is below/above the most recent pivot low/high. Commodity Channel Index (CCI) - shows the last CCI value and highlights overbought/oversold values. Directional Movement Index (DMI) - Up/Down signal (+DI above or below -DI) Donchian Channel (DC) - showing if the price is above/below/in the channel. Heikin Ashi Count (HAC) - What is the current Heikin Ashi candle color and for how long was this color? Historical Volatility (HV) - Current value of Historical Volatility Keltner Channel (KC) -showing if the price is above/below/in the channel. Moving Average Convergence Divergence (MACD) - Up/Down signal (MACD above / below signal) Moving Average Crossover (MA Cross) - Displaying MA crosses signals (SMA, EMA, WMA, HMA, VWMA, SMMA, DEMA, VWAP supported) Moving Average Distance (MA DIST) - Displaying distance to the MA (SMA, EMA, WMA, HMA, VWMA, SMMA, DEMA, VWAP supported) Parabolic Stop and Reverse (PSAR) - Up or Down Relative Strength Index (RSI) - Displaying the last RSI value and highlighting overbought/oversold values. Stochastic (STOCH) - Displaying the last Stochastic value and highlighting overbought/oversold values. Stochastic RSI (STOCH RSI) - Displaying the last Stochastic RSI value and highlighting overbought/oversold values. SuperTrend - Current state of the SuperTrend. Trailing Stop-Loss (TSL) - Up or Down True Strength Index (TSI) - Displaying the last TSI value and highlighting overbought/oversold values. We're already working on adding a few more supported indicators. If you have any ideas about the indicators you want to see in our screener, contact us, and we'll consider them. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
23
Custom Multi-Timeframe IndicatorIt's a pretty simple example of a nice custom screener you can run for multiple timeframes. This is an RSI screener, but you can easily change the function for your own Indicator. Screener displays: Last value of the instrument RSI value for up to 10 instruments / 4 timeframes. In Parameters you can change: 4 timeframes 10 instruments Parameters for RSI Styling parameters for table If the selected timeframe will be lower than the current one you will receive a warning message in a table. Thanks to @MUQWISHI to help me code it. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
26
MTF Ichimoku Analysis[tanayroy]Ichimoku can state market conditions better than any indicator or group of indicators(My own perspective). Ichimoku works seamlessly in different timeframes. Analysis of Ichimoku in different timeframes can give you the bigger picture of the market. This indicator analyzes six different timeframes with Ichimoku in depth. Default timeframes are 5M, 30M, 60M, D, W, and M. You can change the default timeframes from the setting. As we are dealing with many relations, we can define the relationship with a simple score to get the trend strength. Ichimoku Analysis: Relationship of Price(P) with Ichimoku indicators: Here we are analyzing the current price and Ichimoku indicators. The position of price with respect to Ichimoku indicators states the market condition clearly. Price(P) and Kumo(C): P > C = Bullish (↑). P < C = Bearish (↓). P <> C = consolidation or no trend(↔). Score: ±2 Price(P) and Tenkan Sen(T): P >= T = Bullish (↑). P < T = Bearish (↓). Score: ±0.5 Price(P) and Kijun Sen(K): P >= K = Bullish (↑). P < T = Bearish (↓). Score: ±0.5 Price(26 bars ago) and Chiku(L): L >= P(26) = Bullish (↑). L < P(26) = Bearish (↓). Score: ±0.5 Tenkan Sen and Kijun Sen Relation. Tenkan Sen depicts short-term trends and Kijun depicts mid-term trends. So this relationship is important for analyzing the current trend of the market. Tenkan Sen(T) and Kijun Sen(K): T >= K = Bullish (↑). T < K = Bearish (↓). Score: ±2 Direction of Ichimoku indicators. The direction of Ichimoku indicators helps us to understand the trend strength. Tenkan Sen's(T) direction: Upward slope = Bullish (↑). Downward slope = Bearish (↓). Flat=consolidation or no trend(↔). Score: ±0.5 Kijun Sen's(K) direction: Upward slope = Bullish (↑). Downward slope = Bearish (↓). Flat=consolidation or no trend(↔). Score: ±0.5 Senkou A(A) direction: Upward slope = Bullish (↑). Downward slope = Bearish (↓). Flat=consolidation or no trend(↔). Score: ±0.5 Senkou B(A) direction: Upward slope = Bullish (↑). Downward slope = Bearish (↓). Flat=consolidation or no trend(↔). Score: ±0.5 Cloud and other Ichimoku indicators: Kumo or Cloud is very important in the Ichimoku system. Analyzing its relation with other indicators is important to detect the overall market condition. Kumo(C) and Tenkan Sen(T): T >= C = Bullish (↑). T < C = Bearish (↓). T <> C = consolidation or no trend(↔). Score: ±0.5 Kumo(C) and Kijun Sen(K): K >= C = Bullish (↑). K < C = Bearish (↓). K <> C = consolidation or no trend(↔). Score: ±0.5 Kumo(C) and Chiku(L): L >= C = Bullish (↑). L < C = Bearish (↓). L <> C = consolidation or no trend(↔). Score: ±0.5 Kumo(C) Shadow: By analyzing the last 252 bars(you can change this option) we are analyzing the Kumo shadow behind the current price. If Kumo shadow is present behind the price, trend strength will be weakened. Score: ±0.5 Kumo(C) Future (Senkou A(A) and Senkou B(B)): A >= B = Bullish (↑). A < B = Bearish (↓). Score: ±0.5 Chiku(L) Analysis: Vertical and Horizontal Chiku analysis will tell us about the possible consolidation of the price. Chiku Vertical: if the price consolidates for the next 5 bars(You can change this option) will it run into the price. Please remember we are placing the current price 26 bars ago and we are interested to see the current price in open space for a clear trend. Score: ±0.5 Chikou Horizontal: If Chiku is in open space (Not running into the price), we want to review Chiku vertically i.e how much percentage of fall or rise of the current price can cause Chiku to run into the price. So, the maximum trend score is ±10.5. Ichimoku signals: We know, that the crossover of Ichimoku indicators provides important signals. In this section, you can see all the crossover i.e when they happened (Bars ago) Distance between price and Tenkan Sen and Kijun Sen: We know, the price come back to Tenkan/Kijun if it goes far away from Tenkan/Kijun. So it is important to note the distance between Tenkan and Price. Please note that this indicator is not a strategy or buy/sell signal. It just shows you the picture of Ichimoku in multiple timeframes. I am working on some strategies of Ichimoku and will publish the same when my research is complete. If you want to analyze Ichimoku in a single timeframe, please review the following indicator. To maintain the table size you can use the shorthand notation from the setting. Table with detailed analysis: Table with shorthand notation: Please comment if you want any clarification or found any bugs to report.
Pine Script™ indicator
by tanayroy
12
ORB Parabolic SAR Multi Time Frame (PSAR MTF) This is an adaptation of the inbuilt PSAR function in a Multi Time Frame . When MTF enabled It will plot two timeframe simultaneously as follows:- 1 Min with 5 Min (HTF) 5 Min with 15 Min(HTF) 15 Min with 1H(HTF) 1H with 4H(HTF) 4H with Daily(HTF) Daily with Weekly(HTF) Weekly with Monthly(HTF) The higher timeframe(HTF) will get plotted in bigger circled lines. By enabling plotting of all levels, you can see all current levels of all TF( M1 ,M5,M15,H,4H,D,W,M) on the same screen as "X" on the right side. Alerts allow you to get alerts when these crossover happens.
Pine Script™ indicator
by Gann_Academy
MTF Bull Power Bear Power(Elder Ray Indicator)■Overview This indicator enables to select an upper timeframe’s Bull Power Bear Power(aka Elder Ray Indicator) (MTF) and the one of chart’s timeframe simultaneously by which users can always analyze looking at upper timeframe situation. Also, it displays signals when bull power bear power cross zero line with an ability to set alerts. ■Formula The indicator calculates bull power and bear power following the original Elder Ray indicator as follows. 1.Bull Power : High - EMA(13) 2.Bear Power : Low - EMA(13) 3.Bull Power Bear Power : 1 + 2 ※MTF is same as above ※MA period can be changed ※High/Low is highs/lows of a chart timeframe that users are opening unless you show MTF. See the link below for the details. www.investopedia.com To enable MTF, users can select “Auto” mode and “Manual” mode. When “Auto” selected, upper timeframes are determined based on the chart’s timeframes that users are currently opening as follows. Chart timeframes -> upper timeframes Weekly -> Monthly Daily -> Weekly 4hour -> Daily 1hour -> 4hour 30min -> 4hour 15min -> 1hour 5min -> 1hour 1min -> 15min ■Signals When bull power bear power cross zero line, signals can be displayed. These can be used to analyze reversal of buying/selling power. Alerts can be set with the same condition. —————————————— エルダー·レイ·インジケーターとしても知られるブルパワー·ベアパワーのMTFバージョンインジケーターです。 一つの上位足のブルパワー·ベアパワーとチャートのタイムフレームのブルパワー·ベアパワーの両方を同時に表示することができるため、常に上位足の状況を鑑みながら分析することができます。 また、それぞれのブルパワー·ベアパワーとゼロラインとの交差でシグナル表示、アラート設定が可能です。 ■計算式 ブルパワー·ベアパワーの計算式は以下の通りです。 オリジナルのエルダー·レイ·インジケーターと同じくEMAと高値·安値を用いて計算しています。 1.ブルパワー: 高値 - EMA(13) 2.ベアパワー: 安値 - EMA(13) 3.ブルパワー·ベアパワー = 1 + 2 ※MTFも上記に同じ ※MAの期間は変更可能 ※高値·安値は現在開いているチャートの高値·安値です。(MTFは指定したタイムフレームの高値・安値) ブルパワー·ベアパワーの詳細は以下のリンクを参照してください。 www.investopedia.com MTFのブルパワー·ベアパワーを表示するにあたっては、”Auto”モードと”Manual”モードの二つから選択することができます。 “Auto”モード選択時は、現在開いているチャートのタイムフレームに基づき、上位足のタイムフレームが下記の通りに自動的に決定されます。 チャートタイムフレーム -> 上位足タイムフレーム 週足 -> 月足 日足 -> 週足 4時間足 -> 日足 1時間足 -> 4時間足 30分足 -> 4時間足 15分足 -> 1時間足 5分足 -> 1時間足 1分足 -> 15分足 ■シグナル ブルパワー·ベアパワーとゼロラインとの交差でシグナルを表示します。 売り買いの強弱反転ポイントの目安として使ってください。 同じ条件でアラート設定も可能です。
Pine Script™ indicator
by FX365_Thailand
Strat Radar_vtStrat Radar is a visual tool to trade "TheStrat" methodology. TheStrat is a simple yet powerful model to view the market. From one bar to the next, there are only three possible scenarios or three types of candles: type 1 - an inside bar. Market is in consolidation. type 2 - a directional bar (2 up or 2 down). Market is trending. type 3 - an outside bar. This is a broadening formation and market is taking liquidity from both upside and downside. So by looking at candle type and combination, one can visualize what price is doing in the market. Strat Radar makes it possible for user to see candle type and sequence for all major time frames – from a 5m bar to a yearly bar - all in one chart! And even better, it allows user to see not just one bar but last three bars! Certain candle combination creates high probability trade setups, for example 2-1-2 or 2-2 reversals, so by looking at Strat Radar, user can quickly determine whether there are any good trading opportunities. The simple and visual layout makes it easy to go through a watch list and use Strat Radar as a scanner. There is no need to flip through multiple time frame charts. Features: Show candle type and color for twelve time frames from 5m to yearly bar Show candle type and color for last three bars of each time frame Location of candle number and candle color have specific meaning: For non-directional bars ( 1 and 3): Below candle means close > open Above candle means close < open For directional bar 2: Below candle means: 2 up Above candle means: 2 down Candle color: green - close>open, red – close < open A built-in trend strength system that can be turned on or off A reversal marker that can be turned on or off. It is based on a combination of Strat candle sequence and trend strength Since candle type and combination are clearly shown for each time frame, it is easy to determine whether is Full Time Frame Continuity (FTFC). Strat Radar_vt is a light version of the full indicator and covers: - most futures market - 30 stocks in Dow Index - Index and sector ETFs : SPY , QQQ , DIA, IWM , XLE , XLF , XLU , GDX , XLK , XLV , XLY , XLB , ITB , XRT , SMH , IBB , KRE , XLC , GDXJ , KBE - Some key stocks: AAPL , AMZN , FB , GOOGL , TSLA , NVDA , NFLX - Forex pairs: DXY , AUDCAD , AUDJPY , AUDNZD , AUDUSD , EURCAD , EURGBP , EURJPY , EURUSD , GBPJPY , GBPUSD , NZDUSD , USDCAD , USDJPY Full version works on all stocks and assets. If you like this indicator and require the full version, please contact the author.
Pine Script™ indicator
by putcall
Multi timeframes RSI Screener & indicator by noop42Since my previous x4 multi timeframes Stochastic RSI script seems to have been appreciated, I decided to make a 2nd version of this tool which focuses on the RSI indicator only. Default parameters RSI length : 14 Timeframes: 5, 15, 60, 240 OB/OS zones : 70 & 30 Repaint mode: enabled Display lines: enabled Display screener: enabled Convergence warnings: timeframes 1, 2 & 3 Details Repaint mode : Disabling it makes the indicator wait for the current candle to close before to change its value Display lines: Allows you to disable RSI lines drawings, in order to move the screener on your main chart for example. Display screener: Allows you to disable the screener, in order to use RSI lines only OB/OS convergences warnings : Allows you to select which timeframe(s) must be taken into consideration for convergence signals (Selected timeframes can be distinguished in the screener, followed by a * char in the timeframes column) Note The Stochastic RSI version of this tool is available here
Pine Script™ indicator
by noop-noop
3
Hx MTF Sorted MAs Panel with Freeze WarningThis script displays the close price and 4 sorted moving averages of your choice in a small repositionable panel and, when used on a higher timeframe, warns you when values may be different from actual values in the higher timeframe, inciting you to double check the actual values of the moving averages in the higher timeframe the panel is supposed to reflect. The 4 moving averages and close are sorted together, providing you with a bird’s-eye view of their relative positions, the same way moving averages and last price values are displayed on the right scale. The black header reminds of: (1) the timeframe (resolution) used in the panel (2) the remaining time before a new bar is created in the panel timeframe. Note that this remaining time is different from the one on the right scale, since it is only updated when a new transaction occurs. Below, price and moving averages are sorted, color coded and followed by: (1) a trend indicator ↗ or ↘ meaning that last change is up or down (2) the number of bars since the moving average is above or below close (0 means current bar). This is obviously not displayed after the close price line (white background color). Use This panel was basically developed to display higher timeframe data but it can also be used with the same timeframe as chart for example if you do not want to plot moving averages on your chart but are still interested in their trends and relative positions vs price. If you see something strange (like header is not black and displays NaN), it just means you requested moving averages that are not available in the panel timeframe. This may happen with newly introduced cryptos and “long” MA timeframes. Different Timeframe If you choose to use the panel on a different timeframe than the current one, be aware that you should only use timeframes higher than the current one, as per Tradingview recommendations. If you select a lower timeframe than the current one, the panel timeframe header cell will turn to the alert color you set (fuchsia by default). After tinkering for a while with the security function, I noticed that sometimes indicator values “freeze” (i.e. stop udating) and I have found no workaround. What I mean is that when you look at a sma on a 5 minutes timeframe (the reference) and look at this same sma on a 5 minutes timeframe but from a lower timeframe through the security function set with a timeframe of 5 minutes, values returned by the security function are not always up to date and “freeze”. That’s the bad news. Freeze warning The better news is that this unexpected behaviour seems to be predictable, at least on minutes timeframes and I implemented an indicator that endeavors to detecting such situations. When the panel believes data may be frozen, the ‘Remaining Time’ header cell will turn to the alert color. This feature is only implemented on minutes timeframes and can be switched on or off. Other points of interest in this script If you code, this function may also interest you: sortWithIndexes (arrayToSort) returns a tuple (sortedArray, sortedIndexes) and therefore allows multi-dimensional arrays sorting without actually implementing a sorting algorithm 😉. Default Settings The default settings provide an example of commonly used moving averages with associated colors ranked from Hot (more nervous) to Cold (less nervous). These settings are just an example and are NOT meant to be used as a trading system! DYOR! Hope it will be useful. Does the Freeze warning work for you? What do you think of my pseudo sorting algorithm? Enjoy and please let me know what you think in the comments.
Pine Script™ indicator
by HDrbx
MTF WatchList Charts [Anan]█ OVERVIEW I am happy to present this script with a nice idea! You can now customize a watchlist with your preferred time frame and any symbol from any market. The main purpose is to be aware of any moves and watch a brief overview of the chart. █ FEATURES - 8 customizable symbols with the option to show/hide anyone - Multi time frame support - 3 Types of charts (Candles / Heikin Ashi / Line) - Displaying up to 10 candles for every chart - Customizable chart colors - Option to Show/hide Price - Option to Show/hide Price Line - Option to change Labels and Text Size - Show Symbol name and used time frame - Option to change gaps between charts - Hover over on the top of any candle to see (Open/High/Low/Close) Prices █ SCREENSHOTS ----------------------------------------------- Special thanks to @dgtrd for inspiration and for the amazing framework used here ( HTF Candles by DGT ) Special thanks to Pine Chat @fareidzulkifli @Bjorgum @JohnBaron @fpainchaud
Pine Script™ indicator
by Mohamed3nan
76
Coppock Curve Correlation between MTF & SlopesMy first tool ! 1. The waves shows the slope of the curve. The front one = 3 periods, back one = 2 periods, difference = white area. 2. The moving lines shows the curve correlation between 2x 2 time frames (adjustable on the settings) on 2 periods lookback. 2.1 Theres few regions of high correlation, lines are at (absolute values) 0.5, 0.75, 1 3. On the top there's the Coppock curve -> if falling since 1 period = red, else green. 4. Diamonds shows : if correlation is in the strong correlation area and slope is falling or rising : red or green diamond. This tool could be interesting to have an idea if there's strong correlation between timeframes instead of watching 4-5 different timeframes !
Pine Script™ indicator
by FriedChickenWing
1
MTF Key Levels - Support and ResistanceThis indicator shows how to Multi Time Frame (MTF) interpret levels: Watch how price acts around these levels and how they can act as support/resistance and can be used as great confluence levels for your technical analysis. This indicator displays: VWAP Levels Daily / Weekly / Monthly / Yearly Within the chart above I have marked out how displaying these VWAP levels can provide support and resistance levels to be aware of. Daily – Weekly - Monthly – Yearly Levels O = Open / H = High / L = Low pO = Previous Open / pH = Previous High / pL = Previous Low / pEQ = Previous Equlibrium Having previous Low/High levels makes you aware of Swing Failure Patterns (SFP). Also the daily/weekly/monthly opening and previous opening can assist with the trend. Daily Open: Gives you an idea who is in control for the day. This level very often acts as strong support or resistance. Weekly Open: Indicates where the price is within the higher timeframe. Monthly Open & Yearly Levels: Overview of direction for the whole month without looking at a monthly chart and Yearly chart Line Options Within the line options you can choose to have a clean chart and display a “short line”. These line length can be adjusted by the user. Line just to the right. Line across the screen. Disclaimer: The Monthly and Yealy VWAP will only show on higher timeframes this is due to restriction of how many candles can be shown on the chart. The candles displayed need to go back to either the start of the month of year to be able to calculate their VWAPs.
Pine Script™ indicator
by Frien_dd-DisDev
36
Papercuts Dual PSAR v01Dual PSAR is a trend following script that uses auto-higher timeframe calculation of the current timeframe to create a dual Parabolic Stop And Release. This is useful because it can determine periods of transition or indecision and can flag those periods with which way it is learning even though it is undecided, what i call "Wait Zones". When both PSARS are not in alignment, it uses the lower timeframe one to determine which way the wait zone is learning. You can see below in the chart shows some good trends and some wait zones. A wait zone can have bullish indication, but then still have a bearish continuation. A wait zone can have bullish indication, and then enter a bull trend. Typically I won't make trades in wait zones, and I will exit trades when entering one. Just wanted to try this out and see how it did. Figured I'd share.
Pine Script™ indicator
by PapercutsTrading
Tocorin_MTF_MA7 MAs (SMA or EMA) can be displayed in each period. MTF display is performed only at 5m, 1h, and 4h. The upper MAs to be displayed are as follows 　5m: 1h, 4h, and 1D 　1h: 4h and 1D 　4h: 1D The MA line style is stepline and circles to make it easier to see. You can change it in the settings as you wish. -- 各時間足で 7本の MA(SMA or EMA) 表示が可能です。 5m, 1h, 4h の時だけ MTF 表示を行います。 表示する上位 MA は下記の通り 　5m: 1h と 4h と 1D 　1h: 4h と 1D 　4h: 1D 見やすくするためにMA の線のスタイルを stepline と circles にしています。 設定で任意に変更してください。
Pine Script™ indicator
by tocorin
6
Crypto Scanner [MensaTrader]Market Scanner By default set up to scan 7 Crypto Currencies on 3 different Time frames Default assets are from Binance listing, but can be changed in settings. First timeframe is set to Daily, (all timeframes can be changed in the settings), The RSI value for the Daily resolution is printed. The current conditions need it to be between the value of 40 and 50, If this condition is met then the box will light are green, if they are not they will stay red. Second timeframe is set to 4 Hour, RSI for this timeframe and assset will also be printed here, the conditions for it are different though. Currently set up so if the RSI value is lower than 40 the box will light up green. This 40 value can be changed in the settings aswell. Third timeframe is set to 1 Hour, This timeframe is looking for divergences. If a Divergence is found, the box will light up green and say "Bullish Divergence", This will stay green until either of the 2 invalidation conditions are met. One condition is (For Bullish Divergence) to be cleared, If the recent Low where the divergence was formed gets taken out. Then the divergence sign will dissappear Second condition is if the RSI Value climbs above 55, Then once again the Divergence sign will dissappear. Use this to help scan multiple assets at once and find RSI values which suit your trading set ups. I have tried to make as many options adjustable as possible including the Size of the Scanner, all in the settings.
Pine Script™ indicator
by TradingWolf
Papercuts Super Trend MTF v02All my scripts are part of a suite called Papercuts . This one uses one current timeframe supertrend and adds Four Automatic Higher Timeframe Supertrends based on those same parameters to help you determine larger trends while only needing a single chart. This works quite well on 5 and 15 minute charts and will look up in time. Confident trends can be identified by having two or more lines in the same direction. When unified, the intensity of the glow should increase a trends confidence. Unify collapses the 3 highest timeframe supertrends into the first higher timeframe supertrend. Without Unify on, the overall trends are usually easier to see at just a glance. Higher timeframe supertrends can show support or resistance and act as stop loss limit ranges if you choose. Unify keeps things a bit cleaner and more compact. V02 updated to fsecurity for no repainting and added a 3MA trend option as well. Thanks to @Pinecoders for helping me better understand the security function! Here is a view with Unify on.... Here is a view with Unify off...
Pine Script™ indicator
by PapercutsTrading
6
MTF CandleLevelsIn the spirit of freedom from oppression on this day of July 4th, 2021 in the United States, I hereby release this flagship indicator "MTF CandleLevels" into the wild for any subscribing TV member on the planet to utilize. It's now one my few great gifts to the souls of humankind within the realm of trading on TV. TradingView continues to bless Pine Script by releasing supplemental upgrades, enough for me to develop this indicator beyond it's experimental phase to full potential, as I had always wished to design it from theory. Educationally while using it, you will witness how OHLC/HA candles are actually formed for charts. I like to think of it as a candle formation microscope anyone can learn from. It is intended for any style of trading or skill level from newcomer to advanced. There are no requirements/prerequisites for you use it. Which means you don't have to wear a mouth muzzle, get multiple doses of the life endangering FrankenJabs, subserviently bow down to authoritarian demands of obedience, or learn the ancient mystical art of deception "Fau Chi" in order to employ it's inherent power. A little sprinkle of satire helps with a dry technical read :). You have the absolute freedom to utilize it any way you see fit! That's right, it's even your choice whether you use it or not. The unshackled empowerment of choice always equates to FREEDOM. I can't program these precious gems without it... One thing you will have noticed is it's specifically published on a Heikin Ashi(HA) chart, while having immunity to the Heikin Ashi candle charts unique open/close behavior. This has been believed to be an impossibility until now. For members who don't know, HA candle charts have a different `open` and `close` from the `open` and `close` of the other ordinary OHLC candle charts. Regardless of "CandleLevels Mode" chosen in Settings, the indicator will display identical on either bar chart type, excluding Renko, Line Break, Kagi, Point&Figure, and Range candle charts of course. It's abilities supersede the simpler "Multi-Time Period Charts" built-in TV indicator with a completely different architecture. For those of you extremely curious about how I accomplished this indicators level of code complexity, it was immensely difficult taking over a year of effort for this one functional unit, and I will leave it at that... This novel MTF technology displays OHLC/HA support and resistance levels that mimic the functionality of larger duration candle formations in real time. Basically explained, while charting on a shorter duration timeframe candle chart, you can see open, high, low, and close levels fluctuate in the larger duration timeframe. This reduces the need to jump back and forth to view price action on different chart sampling intervals. You may even use multiple sets of CandleLevels indicators over a wide variety of chosen timeframe options, along with everything else in between. The CandleLevels behavior is chosen within the indicator "Settings" using a selection mode of either the standard OHLC candlestick formations or Heikin Ashi candlestick formations. Each mode has a multitude of uses depending on the users trading style or timeframe. Visbility of CandleLevels will ONLY occur when it is set to a larger duration timeframe interval than the current chart sampling rate. For example, you may be using the 5 minute interval sampling rate on the chart, yet you can easily see the open, high, low, close ranges with a chosen 120 minute timeframe setting. The multiple time frame(MTF) settings are highly adjustable having intervals of seconds, minutes, days, a multiple of the chart interval, or the common input(type=input.resolution) function provided by Pine. CandleLevels come with multiple color schemes to reduce color interference with other indicators in the overlay pane, including the intended use of multiple sets of CandleLevels. My basic color scheme selections can be overridden to choose any imaginable color you desire for your visual acuity. Also, there are additional controls available to fine tune a visually pleasing appearance depending on your preferences and viewable area. One last new hidden fine tune capability, not only for this indicator but all TV indicators, is the agility to use up/down arrow keys on the keyboard when an indicator setting is in focus after mouse selection. For example, when choosing line thickness, you can modify values/options by key stroke. Try it out, I'm sure you will find this useful for any indictor for eternity. NOTICE: There is only 500 line drawings available, in total to display, at this current release. This equates to 83 sets of CandleLevels maximum. Features List Includes: Candle type selection MTF controls for seconds, minutes, days, multiple-of, and TV input Multiple color schemes with color overrides Color opacity selector Line thickness control Enable/disable capable MTF interval display with positioning When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone! RISK DISCLAIMER: My scripts, indicators, and studies are specifically intended for informational and educational use only. These use historical data points to perform calculations to derive real-time calculations. They do not infer, indicate, or guarantee future results or performance. By utilizing this script/indicator/study or any portion of it, you agree to accept 100% responsibly and liability for your investment or financial decisions, and I will not be held liable for your subjective analytic interpretations incurring sustained monetary losses. The opinions and information visual or otherwise provided by this script/indicator is not investment advice, nor does it constitute recommendation.
Pine Script™ indicator
by ImmortalFreedom
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