OPEN-SOURCE SCRIPT
Actualizado X HL Range
Overview:
The X Range indicator is a multi-timeframe visualization tool designed to display the high and low price ranges of previous candles from higher timeframes (HTFs) directly on a lower timeframe chart. It helps traders identify significant price zones and potential support/resistance levels by visually representing the price range of up to three previous candles for each selected timeframe.
Key Features:
Multi-Timeframe Support: The indicator supports three configurable higher timeframes (default: 60 min, 15 min, 5 min) which can be independently toggled on or off.
Custom Candle Range Display: For each enabled timeframe, users can choose to display the range of the most recent 1, 2, or 3 completed candles.
Dynamic Box Drawing: Price ranges are highlighted using rectangular boxes that extend across the chart to show where the highs and lows of each selected HTF candle occurred.
Custom Styling: Each timeframe's boxes can be individually styled with user-defined background and border colors to suit visual preferences or chart themes.
Efficient Redrawing: Boxes update in real-time as new higher timeframe candles complete, and previous boxes are removed to prevent chart clutter.
Use Case:
This indicator is particularly useful for intraday traders who want to align entries and exits with higher timeframe levels. By visualizing previous HTF ranges on a lower timeframe chart, traders gain contextual awareness of where price is likely to react or consolidate, aiding in decision-making for breakouts, reversals, or trend continuation setups.
The X Range indicator is a multi-timeframe visualization tool designed to display the high and low price ranges of previous candles from higher timeframes (HTFs) directly on a lower timeframe chart. It helps traders identify significant price zones and potential support/resistance levels by visually representing the price range of up to three previous candles for each selected timeframe.
Key Features:
Multi-Timeframe Support: The indicator supports three configurable higher timeframes (default: 60 min, 15 min, 5 min) which can be independently toggled on or off.
Custom Candle Range Display: For each enabled timeframe, users can choose to display the range of the most recent 1, 2, or 3 completed candles.
Dynamic Box Drawing: Price ranges are highlighted using rectangular boxes that extend across the chart to show where the highs and lows of each selected HTF candle occurred.
Custom Styling: Each timeframe's boxes can be individually styled with user-defined background and border colors to suit visual preferences or chart themes.
Efficient Redrawing: Boxes update in real-time as new higher timeframe candles complete, and previous boxes are removed to prevent chart clutter.
Use Case:
This indicator is particularly useful for intraday traders who want to align entries and exits with higher timeframe levels. By visualizing previous HTF ranges on a lower timeframe chart, traders gain contextual awareness of where price is likely to react or consolidate, aiding in decision-making for breakouts, reversals, or trend continuation setups.
Notas de prensa
operating note: sometimes the right edge is off when first loaded/started. But it fixes itself once the designated timeframe is hit to switch to new HTF range. Have not been able to fix for those instances besides letting it run. Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
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.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
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.