[Holy] Candle Blocks

29 thg 9, 2023

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.

5 thg 10, 2023

Phát hành các Ghi chú

- Updated script name
- Fixed missing exchange when requesting HTF

22 thg 12, 2023

Phát hành các Ghi chú

- Updated name