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:

  • 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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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