OPEN-SOURCE SCRIPT
已更新 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.
版本注释
small bug fix版本注释
The script is now more robust with respect to the NA.版本注释
added color dynamics版本注释
another bug fix, sorry.版本注释
bug fx版本注释
color bug fix版本注释
v2版本注释
some improvements...版本注释
Some small color fix, fully personalizable版本注释
added option for the table positioning版本注释
added some corrections in the labels版本注释
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.版本注释
Now you can select any instrument in the cross-broker setup.版本注释
Added a buffer window to weigh the last variations against the previous ones,the parameter is Window Length.
版本注释
Bug fix in resetting the buffer when you change the window.版本注释
small bug fix, sorry.开源脚本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Track my trades and access my automated signals (free):
t.me/oberlunar_btcusd
My community is free, but if you’re not present and
don’t interact, you’re out.
t.me/oberlunar_btcusd
My community is free, but if you’re not present and
don’t interact, you’re out.
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
开源脚本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Track my trades and access my automated signals (free):
t.me/oberlunar_btcusd
My community is free, but if you’re not present and
don’t interact, you’re out.
t.me/oberlunar_btcusd
My community is free, but if you’re not present and
don’t interact, you’re out.
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.