This experimental indicator overlays candles from higher timeframes directly onto your current chart. The concept of Candle Blocks aims to offer an intuitive way to view price action across multiple periods simultaneously.
FEATURES
Multiple Timeframe Support: Choose from various timeframes to overlay, such as hourly, daily, weekly, etc.
Customizable Opacity: Adjust the transparency of the overlay to ensure the primary chart remains visible.
Color Coding: The overlay uses distinct colors to indicate bullish and bearish candles from the higher timeframe.
Real-time Update: The overlay updates in real-time as new higher timeframe candles are formed.
USE CASES
Trend Confirmation: Validate the trend direction of your primary timeframe by examining higher timeframe Candle Blocks.
Support & Resistance: Identify key support and resistance levels more clearly by seeing them on multiple timeframes.
Fourth-Dimensional Decision Making: This indicator aims to move towards a 4th-dimensional trading perspective, where time is considered as a vector. This helps traders to always make decisions with multiple timeframes in mind.
EXPERIMENTAL
This indicator is in its experimental stage, and future updates will be made based on its effectiveness and the feedback received. If you find this concept useful or have suggestions for improvement, please provide feedback. This will aid in further development and refinement of the indicator.
Release Notes
⋅
- Updated script name - Fixed missing exchange when requesting HTF
May I suggest something to look into? When I load on, say, APPL, it loads perfectly. When, however I load it in something like a symbols from another exchange, say JSE: SHP (Shoprite), it distorts, loading the HTF candles right at the bottom of the pane and pushing all the price candles to the top, squishing them.
Would you be able to assist with that?
sacredprofit
⋅
@TMK2, Thanks for pointing that out. Should be fixed now.
ukmpits
⋅
@sacredprofit Please add timeframe continuity Sir, to confirm whether Is uptrend or downtrend. Because the indicator repaint.. Thanks mate
ukmpits
⋅
@sacredprofit Please Sir, would you like to add alarm alert function, when the background color changed. It trigerred.. Thanks mate
ukmpits
⋅
@sacredprofit Sir, Is there any future update? Would you like to add alarm alert function,also POC?. Thanks mate