OPEN-SOURCE SCRIPT
[Dipiers] Phoenix MTF v2.1
This indicator is a modified (Multi Timeframe) version of the Phoenix Ascending that you can find between the WyckoffMode scripts and it follows the same rules at the moment of the pubblication.
A special thanks to @Neuromantic that did a great part of the MTF coding and to @HedgeMode for the "real-time" idea to make the ongoing candle visibly different to always remember that it hasn't closed yet.
The chart TF must be the lowest between all the ones analysed.
The value of the higher TFs candles are the ones at the last close so to avoid repainting.
It is best used applying no more than a couple of TFs each chart so to have a better view of the races, you can apply the indicator multiple times to have a good view of the different TFs.
If you are using the code remember to give credit to the persons have worked on it.
A special thanks to @Neuromantic that did a great part of the MTF coding and to @HedgeMode for the "real-time" idea to make the ongoing candle visibly different to always remember that it hasn't closed yet.
The chart TF must be the lowest between all the ones analysed.
The value of the higher TFs candles are the ones at the last close so to avoid repainting.
It is best used applying no more than a couple of TFs each chart so to have a better view of the races, you can apply the indicator multiple times to have a good view of the different TFs.
If you are using the code remember to give credit to the persons have worked on it.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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