OPEN-SOURCE SCRIPT
MTF High Low
This is a Multi-Time Frame High Low Indicator that plots the highest and lowest price levels of the chart timeframe and a user selected higher timeframe.
The length can be optimized by the user from settings (default value is 6 candles) and table position can also be adjusted.
The calculation does not takes into account the last candle price data to form a view using the current close price as described below:
If Close > mid value of High + Low, view is Bullish
If Close < mid value of High + Low, view is Bearish
The above is also calculated for the higher timeframe and view for both timeframe is updated in the chart.
The color coding is dynamic based upon the current close price levels and comparisons with High, Low and Mid values.
The mid values level plot is hidden by default and can be enabled and saved as default if the user likes so.
The length can be optimized by the user from settings (default value is 6 candles) and table position can also be adjusted.
The calculation does not takes into account the last candle price data to form a view using the current close price as described below:
If Close > mid value of High + Low, view is Bullish
If Close < mid value of High + Low, view is Bearish
The above is also calculated for the higher timeframe and view for both timeframe is updated in the chart.
The color coding is dynamic based upon the current close price levels and comparisons with High, Low and Mid values.
The mid values level plot is hidden by default and can be enabled and saved as default if the user likes so.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
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