OPEN-SOURCE SCRIPT
Smart labelling - Candlestick Function
Oftentimes a single look at the candlestick configuration happens to be enough to understand what is going on. The chandlestick function is an experiment in smart labelling that produces candles for various time frames, not only for the fixed 1m, 3m , 5m, 15m, etc. ones, and helps in decision-making when eye-balling the chart. This function generates up to 12 last candlesticks , which is generally more than enough.
Mind that since this is an experiment, the function does not cover all possible combinations. In some time frames the produced candles overlap. This is a todo item for those who are unterested. For instance, the current version covers the following TFs:
Chart - TF in the script
1m - 1-20,24,30,32
3m - 1-10
5m - 1-4,6,9,12,18,36
15m - 1-4,6,12
Tested chart TFs: 1m, 3m ,5m,15m. Tested securities: BTCUSD , EURUSD
Mind that since this is an experiment, the function does not cover all possible combinations. In some time frames the produced candles overlap. This is a todo item for those who are unterested. For instance, the current version covers the following TFs:
Chart - TF in the script
1m - 1-20,24,30,32
3m - 1-10
5m - 1-4,6,9,12,18,36
15m - 1-4,6,12
Tested chart TFs: 1m, 3m ,5m,15m. Tested securities: BTCUSD , EURUSD
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.
Disclaimer
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