OPEN-SOURCE SCRIPT
BUY/SELL Timeframe Continuity
Time frame continuity refers to the alignment of price trends across multiple time frames. This means that the price movement is showing a consistent trend (either up or down) on various timeframes, like the 5-minute, 30-minute, hourly, and daily charts.
Why is it important?
Confirms Trend Strength: When multiple timeframes align, it indicates a strong and sustained trend.
Risk Management: Trading in the direction of the aligned trend can reduce risk.
This indicator checks if the current price of a selected timeframe is above or below its opening price. A buy/sell signal appears the second all bullish timeframes align (buy) or all bearish timeframes align. You can choose to paint the candles when the buy/sell conditions happen. You can select up to 10 different timeframes.
NOTE: With this indicator I prefer timeframes 15m, 30m, 1H, 4H, D, 5D, W - Together these timeframes are great for short-term trends on any stock.
Why is it important?
Confirms Trend Strength: When multiple timeframes align, it indicates a strong and sustained trend.
Risk Management: Trading in the direction of the aligned trend can reduce risk.
This indicator checks if the current price of a selected timeframe is above or below its opening price. A buy/sell signal appears the second all bullish timeframes align (buy) or all bearish timeframes align. You can choose to paint the candles when the buy/sell conditions happen. You can select up to 10 different timeframes.
NOTE: With this indicator I prefer timeframes 15m, 30m, 1H, 4H, D, 5D, W - Together these timeframes are great for short-term trends on any stock.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.