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outlier1500
25 מאי 2021 19:47

#TheStrat - Highs and Lows of Candles of 4 Custom Time frames 

SOL / TetherUS PERPETUAL CONTRACTBinance

תיאור

The bread and butter of strat traders is multi-timeframe analysis. We do MTFA in 2 different ways: 1) By Looking for entries confirmed by Full Timeframe Continuity which is just another way of saying that on multiple timeframes, the candles currently forming are all uniform in direction(ie. all red candles or all green candles), and 2) Looking for Strat reversal on lower timeframes that trigger your higher timeframes reversals.

This script is concerned with the latter piece of multi-timeframe analysis, and its application to the strat

Anyone who has watched Sara's videos teaching the strat can see how she uses the highs and lows of her major time periods, the monthly, weekly, and daily, to find entries from her lower time periods to trigger her higher timeframes. This script performs the process of marking the highs and lows of 4-major time periods automatically so that you do not need to mark every single chart you use manually. I have found this script to be very useful, and convenient. I hope that other stratters find it as useful as I am. Below outlines how to use this, although it is mostly self-explanatory. Special thanks and credit to millerrm, who I used his original code snippets to rework his original script to something more tailored to my personal use cases.

Settings -
You can change the time periods of the candles that you would like to mark to any time frame using the 4 dropdown boxes marked TF#

You can choose to toggle the lines for each given time period on and off, in the settings by checking off each time period.

The default colors are purple, blue, orange, and white, in order respective of time from shortest to highest

The default time periods are 3hr, 6hr, 12hr, and daily
תגובות
WillThisGoUp
This is awesome. Does it update Monday morning? For example on SPCE it shows the weekly levels as of The 17th as opposed to the 24th and today is the 26th. Thanks again.
Mohanaselvaraj
Hi, this is a nice script. Why am I not able to add alert to this.
jtniners
a go to script, thank you for this
FogWalkerTrader
Big big big thank you!!!
Ghebre
Thank you. I will try it.
sagenterprises89
The best! Please allow line thickness option if possible!
traderiggs
Is it possible to enable alerts for this function... eg. alert if previous 4H high is taken in the current 4 hour?
php74
This is a wonderful script. Thanks for sharing. Is there anyway to add the price as labels to the line either above the line or on the scale itself?
vik0q
thanks
Trade_Chik
i love your indicator. can you add a label on right side of the line ? let say 1H ,D, W, M.
עוד