Candlestick Plot MTF

27 Jul 2019

Plots the live non-repainting candles for a higher time interval than the chart interval.

Features:

• Configuration of the look and feel of the MTF candles.
  
• Live candles update as the price action evolves for the session.
  
• Historical candles can be toggled on/off.
  
• Includes a moving average ribbon that is also MTF, matching the interval chosen.
  

Please watch this video to understand more:

27 Jul 2019

Nota Keluaran

• Improved gap logic.
  

2 Ogo 2019

Nota Keluaran

• Added Heikin Ashi Candles.
  

16 Mac 2020

Nota Keluaran

• Fixed issues with heikin ashi plot.
  

25 Jan 2021

Nota Keluaran

• Updated max "recent" candle count. Shows a maximum of 90 candles built with pine 4.0 lines instead of 9.
  

28 Apr 2022

Nota Keluaran

• Major overhaul to Pine V5.
  
• Swapped candle body lines for "boxes" that were recently introduced. This has increased the total number of drawn candles by a factor of 4x.
  
• Removed Moving Averages.
  
• Removed "historical candles". There is a max bars back limitation. This new version will show 500 boxes (candles) in history. Only the most recent 250 candles will show wicks.
  
• Code is condensed and simplified, speed improved.
  

28 Apr 2022

Nota Keluaran

• Added simple countdown label showing the time remaining until the interval ends.
  

28 Apr 2022

Nota Keluaran

• Removed unused plot.
  

8 Mei 2022

Nota Keluaran

• Added volume gradient.
  
• Shade the background of candles and set the border width based on the candle relative volume compared to the previous N candles.\n\nA candle with a lower relative volume will appear more transparent and have a thinner border, while a candle with a higher relative volume will appear more opaque and have a thicker border.
  

8 Mei 2022

Nota Keluaran

• Minor updates and improvements,
  

24 Jun 2022

Nota Keluaran

• Added better volume gradient range.
  
• Added large tooltips in the center of each candle that can be shown when hovered over. These tooltips show the current candle volume and also the volume percentile rank.
  

25 Jun 2022

Nota Keluaran

• Tweaked volume gradient shading mechanism.
  
• Added option to show volume percentile value inside candle.
  
• Updated tooltips.
  

29 Jun 2022

Nota Keluaran

• Added ability to set the wick colors based on bullish/bearish candles.
  
• Added fade in/out mechanism to the volume percentile rank labels. The text opacity approaches 100 as the rank approaches 100.
  

29 Jun 2022

Nota Keluaran

• Set text opacity function to sqrt.
  

30 Jun 2022

Nota Keluaran

• Added 'distribution' rank mode. See description in pictures attached to this update message.
  

Interesting combination of distribution and percentile rank modes on the same candle. This is live and occurred a few minutes ago when the CORE PCE data headline was released.

2 Jul 2022

Nota Keluaran

• Updated input descriptions.
  

24 Sep 2022

Nota Keluaran

• Added option to use custom sigma value, see input notes to know more next to the sigma variable.
  
• Updated 'hybrid' candlestick types.
  
• Updated documentation.