HTF Open Level's

Higher Time Frame Open Level's is a script that highlights the OPEN of any higher time frame candle.

Settings

Timeframe: Pick Which Higher Timeframe Open to display
Transparency: Choose how transparent these levels should appear
Above Open Color: Determine which color to represent above the Higher Timeframe Open
Below Open Color: Determine which color to represent bellow the Higher Timeframe Open

Usage

Higher Time Frame Open Levels can be used as key areas to look for trades.
The Color of these levels can be used to positively limit trades.
Example 1 : only taking sells below and higher time frame open / only taking buys above a higher time frame open.

Many people focus on the low high and close but forgot about the open. Use a Higher timeframe open Level as your timing window for taking trades.

This indicator also works on renko charts.

Phát hành các Ghi chú:

minor changes