OPEN-SOURCE SCRIPT
Multi-Timeframe Range
The Multi-Timeframe Range Indicator is designed for traders looking to monitor key price levels across various timeframes (Daily, Weekly, Monthly, Quarterly, and Yearly) directly on their charts. This indicator draws boxes and mid-lines for each timeframe’s high, low, and midpoint, enabling users to visualize price ranges and assess potential areas of support and resistance more effectively.
Identify key support and resistance zones based on multiple timeframes.
Assess weekly and monthly trends using the Monday range levels.
Gain insights into market structure across various timeframes.
- Features:
- Dynamic Range Boxes: Displays the high, low, and midpoint levels for each specified timeframe, with customizable colors for easy differentiation.
- Visual Cues for Monday’s Levels: Highlights Monday’s high, low, and midpoint levels each week to support intraday trading setups and weekly trend analysis.
- Multi-Timeframe Flexibility: Easily toggle between timeframes to view ranges from daily to yearly, making this indicator suitable for both short-term and long-term traders.
- Ideal Use Cases:
Identify key support and resistance zones based on multiple timeframes.
Assess weekly and monthly trends using the Monday range levels.
Gain insights into market structure across various timeframes.
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.