OPEN-SOURCE SCRIPT
Updated Previous High/Low MTF
Indicator to plot higher time frame previous candle highs and lows.
One of the key factor in understanding the trend is to look at higher time-frames chart.
Parameters are explained below:
One of the key factor in understanding the trend is to look at higher time-frames chart.
Parameters are explained below:
- resolution : Chose resolution of higher timeframe. If set to same as symbol, it will consider next parameter HTFMultiplier for calculation of higher timeframe
- HTFMultiplier : Multiply symbol timeframe to by HTFMultiplier to derive higher time-frame
- Offset: Number of higher timeframe candles before to be plotted. 1 means - it will show highs/lows of previous higher timeframe candle.
Release Notes
Also adding few options to explain how lookahead, gaps and offset on security function affect output. Default settings are set to show the optimal non repaint version.
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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 publications is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Trial - trendoscope.io/trial
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Telegram: p.trendoscope.io/telegram
Rate us : trustpilot.com/review/trendoscope.io
Subscribe - trendoscope.io/pricing
Telegram: p.trendoscope.io/telegram
Rate us : trustpilot.com/review/trendoscope.io
Disclaimer
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