OPEN-SOURCE SCRIPT
Updated [BM] HTF Candle Evolution
█ OVERVIEW
This script shows how a higher timeframe candle evolves over time.
It was created as a visual aid to #TheStrat and provides a new way of looking at Timeframe Continuity.
█ FEATURES
General
The Strat
Multi-timeframe analysis is used extensively in #TheStrat (created by Rob Smith), so the ability to add #TheStrat coloring has been made available.
All features are completely customizable.
This script shows how a higher timeframe candle evolves over time.
It was created as a visual aid to #TheStrat and provides a new way of looking at Timeframe Continuity.
█ FEATURES
General
- HTF: Higher Timeframe selection with dropdown and ability to manually input a timeframe that is not present in the dropdown.
- Label: Show a label with the selected higher timeframe.
- Marker: Shows a marker symbol at the start of each new higher timeframe.
- Align: Aligns the candles around a selected center line.
The Strat
Multi-timeframe analysis is used extensively in #TheStrat (created by Rob Smith), so the ability to add #TheStrat coloring has been made available.
- Scenario: Define the colors for the strat scenario's.
- Coloring of: Choose which part of the candles you want the selected strat scenario colors to be applied to.
- Band: Display a band that shows the active strat scenario color of the selected higher timeframe.
All features are completely customizable.
Release Notes
Eliminated the request.security() call for better performance. h/t @LucFRelease Notes
Code optimizations.Open-source script
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.
Disclaimer
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.
Open-source script
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.
Disclaimer
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.