FRANKENSTEIN code

8 Sep 2021

"Frankenstein" is the code I often call "Frank". It's below. At first glance, you'll think it's just a way to show a different timeframe and with candles. Wrong. Its candles are dynamic with the chart's tf. For example, a 4-hr tf starts at 5pm ET, ends at 9pm ET. But, say, the 7pm ET Frank candle (running a 4-hr lookback) does not show the standard 5pm ET tf-- rather it shows a lookback to 3pm ET. Tricky. IMPORTANT: If resetting lookback, you must reset all 3 of them, and note that the first one is one less than the second and third. I'm still learning to read Frank. I kind of think I should read ONLY Frank's current candle and not relate it to the preceding candle at all but I could be wrong. I simply look at current Frank candle and determine its type (still figuring out whether its color is that significant). Good luck with Frank!
//version=4
//works
study("frankenstein",overlay=false)
theopen = open[8]
theclose = close
thehigh = highest(high,9)
thelow = lowest(low,9)

lime = color.lime
red = color.red
palette = theclose >= theopen ? color.lime : color.red
plotcandle(theopen, thehigh, thelow, theclose,color = palette)

8 Sep 2021

Nota

TV keeps dropping my brackets from the post. So I use parens here instead, and say "theopen=(8)" but the parens should be brackets.