Premium USOIL Multi Time Frame Indicator

Features:
Multi Time Frame Data:
Higher Time Frame (HTF): Configurable via input parameter (default: 1 minute).
Lower Time Frame (LTF): Configurable via input parameter (default: 5 minutes).
Trend Detection with Moving Averages:
50-period Simple Moving Average (SMA) on both higher and lower time frames to identify trend directions.
Market Momentum - MACD:
MACD and Signal Line calculated on the higher time frame to gauge market momentum.
Generates buy and sell signals based on MACD crossovers.
Relative Strength Index (RSI):
14-period RSI on the higher time frame for momentum analysis.
Highlights overbought (RSI > 70) and oversold (RSI < 30) conditions with background colors.
Volatility Measurement - Bollinger Bands:
20-period SMA and standard deviation-based Bollinger Bands on the higher time frame.
Plots upper and lower bands to visualize price volatility.
Candle Coloring for Visual Cues:
Strong Bullish: Green candles when conditions indicate strong bullish momentum.
Weak Bullish: Lime candles for weak bullish conditions.
Neutral: Gray candles for neutral market conditions.
Weak Bearish: Orange candles for weak bearish conditions.
Strong Bearish: Red candles for strong bearish momentum.
Signal Alerts:
Buy Signal: Plots a "BUY" label below the bar when specific bullish conditions are met.
Sell Signal: Plots a "SELL" label above the bar when specific bearish conditions are met.
Plotting Indicators:
Higher and Lower Time Frame SMAs.
Upper and Lower Bollinger Bands for volatility analysis.
Usage:
This indicator is tailored for traders who need to make informed decisions based on multi-time frame analysis.
The various signals and visual aids help in identifying potential entry and exit points, trend directions, and market conditions.
To use this indicator, simply add it to your TradingView chart and configure the time frames as per your trading strategy. The default settings are optimized for minute-level analysis but can be adjusted to suit different trading styles.
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.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Penafian
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.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.