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OPEN-SOURCE SCRIPT

MTFC

By veryevilone
Updated
Some people have asked me about this indicator when they see it in my charts so im sharing it for those who are curious. Have a nice day.
Release Notes
Updated chart image and removed unused //
Release Notes
Only shows on intraday timeframes now
Release Notes
Updated chart image
Release Notes
Cleaned up code
Release Notes
Showing on intraday only is now toggleable
Release Notes
Cleaned up code.
Release Notes
Showing only on intraday was a workaround because the indicator would not work properly on larger timeframes. This has been removed now and instead ive implemented a "smart resolution" functionality so hiding on larger timeframes should not be neccesary now. Have a nice day.
Release Notes
Cleaned up code :)
Release Notes
Updated chart image
Release Notes
Modified some values

Im honestly not sure what it does
Release Notes
Automatically hides when viewing monthly timeframe because it just turns into noise at that point. Have a nice day
Release Notes
Fixed distracting step that would sometimes pop up. Added support for seconds and monthly timeframes. I considered adding configurable inputs for source timeframes but it turned out to be more work than i thought. So if you want custom values you will have to edit the script for yourself for now.
Release Notes
For example the weekly candle closes at 00:00 UTC but the indicator started drawing the close at 23:00 UTC when viewing the 1H timeframe which annoyed me a little. So the change in line 21 made it align better. I need to take a closer look at what started happening to make sure it is inputting the correct data. This will do for now tho.
Release Notes
Fixed a bug that caused label flickering on the scale
Candlestick Analysis

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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veryevilone

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