OPEN-SOURCE SCRIPT
Fractal Model 4 HTF candles [TFR]
The Fractal indicator shows you the higher timeframe 4 candles from the timeframe you choose, it takes the OHLC of the data you input
It also shows you the 50% of the wicks, you can extend all of the lines if needed for better visibility, this indicator is for saving you time and mental capacity, because you don't have to constantly switch from timeframe to timeframe.
If the last closed candle has gone outside of previous candle, and then closed inside of the previous range, it will change its color.
The indicator also shows you the timeframe, so you are always in the know on what you are exactly looking at.
It also shows you the 50% of the wicks, you can extend all of the lines if needed for better visibility, this indicator is for saving you time and mental capacity, because you don't have to constantly switch from timeframe to timeframe.
If the last closed candle has gone outside of previous candle, and then closed inside of the previous range, it will change its color.
The indicator also shows you the timeframe, so you are always in the know on what you are exactly looking at.
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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