OPEN-SOURCE SCRIPT
Atualizado 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.
Notas de Lançamento
small bug fixNotas de Lançamento
The script is now more robust with respect to the NA.Notas de Lançamento
added color dynamicsNotas de Lançamento
another bug fix, sorry.Notas de Lançamento
bug fxNotas de Lançamento
color bug fixNotas de Lançamento
v2Notas de Lançamento
some improvements...Notas de Lançamento
Some small color fix, fully personalizableNotas de Lançamento
added option for the table positioningNotas de Lançamento
added some corrections in the labelsNotas de Lançamento
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.Notas de Lançamento
Now you can select any instrument in the cross-broker setup.Notas de Lançamento
Added a buffer window to weigh the last variations against the previous ones,the parameter is Window Length.
Notas de Lançamento
Bug fix in resetting the buffer when you change the window.Notas de Lançamento
small bug fix, sorry.Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
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
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
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
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.