OPEN-SOURCE SCRIPT
Telah dikemas kini Multi-Timeframe Candle Analysis [by Oberlunar]
Multi-Timeframe Candle Analysis
[by Oberlunar]
Scalping often requires traders to make rapid decisions based on price movements within a short timeframe. However, a key challenge is understanding the broader trend and market pressure across higher timeframes without cluttering the workspace with multiple charts. This can lead to a lack of clarity, missed opportunities, or poorly timed trades.
The Multi-Timeframe Candle Analysis script addresses this challenge by providing a consolidated view of essential information across multiple timeframes in a single interface. This script calculates and displays the volatility, strength, and type (bullish or bearish) of candles for up to six customizable timeframes. With this data presented in a neat table, traders can quickly assess market conditions without the need to open multiple charts.
How It Works
The script analyzes six user-defined timeframes, ranging from intraday intervals (e.g., 15 or 30 minutes) to daily or even weekly periods. It extracts critical data such as open, high, low, and close prices for the current and previous candles. From this data, the script computes:
These metrics are organized into an easy-to-read table that updates dynamically as the market moves. The table color codes bullish and bearish candles for quick visual recognition, enhancing decision-making speed.
[by Oberlunar]
Scalping often requires traders to make rapid decisions based on price movements within a short timeframe. However, a key challenge is understanding the broader trend and market pressure across higher timeframes without cluttering the workspace with multiple charts. This can lead to a lack of clarity, missed opportunities, or poorly timed trades.
The Multi-Timeframe Candle Analysis script addresses this challenge by providing a consolidated view of essential information across multiple timeframes in a single interface. This script calculates and displays the volatility, strength, and type (bullish or bearish) of candles for up to six customizable timeframes. With this data presented in a neat table, traders can quickly assess market conditions without the need to open multiple charts.
How It Works
The script analyzes six user-defined timeframes, ranging from intraday intervals (e.g., 15 or 30 minutes) to daily or even weekly periods. It extracts critical data such as open, high, low, and close prices for the current and previous candles. From this data, the script computes:
- Candle Type: Identifies whether the candle is bullish or bearish based on the close relative to the open.
- Volatility Percentage Change: Measures the percentage change in candle volatility compared to the previous candle.
- Candle Strength: Evaluates the strength of price movements within the candle relative to the previous one.
These metrics are organized into an easy-to-read table that updates dynamically as the market moves. The table color codes bullish and bearish candles for quick visual recognition, enhancing decision-making speed.
Nota Keluaran
small bug fixNota Keluaran
The script is now more robust with respect to the NA.Nota Keluaran
added color dynamicsNota Keluaran
another bug fix, sorry.Nota Keluaran
bug fxNota Keluaran
color bug fixNota Keluaran
v2Nota Keluaran
some improvements...Nota Keluaran
Some small color fix, fully personalizableNota Keluaran
added option for the table positioningNota Keluaran
added some corrections in the labelsNota Keluaran
The script now not only analyzes multiple timeframes, but also allows you to select both the broker and the instrument to monitor — either from a predefined list or by entering them manually. Each row in the table can refer to a different asset, providing a fully customizable multi-broker, multi-instrument, multi-timeframe overview.Nota Keluaran
Now you can select any instrument in the cross-broker setup.Nota Keluaran
Added a buffer window to weigh the last variations against the previous ones,the parameter is Window Length.
Nota Keluaran
Bug fix in resetting the buffer when you change the window.Nota Keluaran
small bug fix, sorry.Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Traders/devs welcome. No guru BS, no courses, no hype.
I lead a non-profit to build real tools. We code indicators to improve.
Got a good idea? DM me first. If accepted, introduce yourself.
Active stays, leeches out.
t.me/+azHozalsRellODlk
I lead a non-profit to build real tools. We code indicators to improve.
Got a good idea? DM me first. If accepted, introduce yourself.
Active stays, leeches out.
t.me/+azHozalsRellODlk
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Traders/devs welcome. No guru BS, no courses, no hype.
I lead a non-profit to build real tools. We code indicators to improve.
Got a good idea? DM me first. If accepted, introduce yourself.
Active stays, leeches out.
t.me/+azHozalsRellODlk
I lead a non-profit to build real tools. We code indicators to improve.
Got a good idea? DM me first. If accepted, introduce yourself.
Active stays, leeches out.
t.me/+azHozalsRellODlk
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.