The Z_MUTIL_CANDEL_v1 indicator is designed to visually represent detailed candlestick information on a chart, overlaying multiple custom candlesticks based on a selected timeframe. This tool provides an enhanced visual understanding of price dynamics, making it easier to analyze trends and volatility.
Key Features: Customizable Timeframe:
The indicator allows users to select a custom timeframe (default: Daily). Displays candlestick data (Open, High, Low, Close) from the chosen timeframe. Custom Candlestick Drawing:
Draws additional candlesticks at customizable positions to visualize key price levels: Open/Close lines: Highlighted with solid white horizontal lines. High/Low boxes: Represent the candlestick body and shadows with adjustable colors. Candlestick colors: Green: For bullish candles (Close >= Open). Red: For bearish candles (Close < Open). Detailed Labels:
Displays information next to the candlestick, including: The selected timeframe. Time left for the current bar to close (in HH:mm format). The candlestick range (High - Low). Dynamic Background Highlight:
Highlights the chart's background in red with 80% transparency during a specific time (e.g., 9:00 AM to 9:01 AM). Customizable Inputs:
Body size (pixels): Adjustable position of the custom candlesticks on the chart. Show Candlestick Option: Option to display or hide the additional candlesticks. Multiple Candlestick Layers:
Supports overlaying multiple custom candlesticks for comparison or enhanced visualization. Practical Applications: Enhanced Market Analysis: Use the detailed candlestick visuals and labels to better understand price movements and identify potential trading opportunities. Timeframe Comparison: Compare custom timeframe candles against the current chart for multi-timeframe analysis. Critical Time Identification: Highlight and analyze market behavior during specific hours using the background coloring feature. How to Use: Add the Indicator to Your Chart: Open the TradingView editor and apply the script. Adjust the settings to match your analysis needs. Analyze Custom Candlesticks: Observe the additional candlesticks and their corresponding data (timeframe, price range, etc.). Leverage Time-Based Insights: Use the countdown timer to monitor session closures or key levels around specific times. Enhance your trading insights by utilizing the Z_MUTIL_CANDEL_v1 indicator for detailed candlestick visualization and analysis. 🚀
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.