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Multi-Timeframe Price Action Analysis

Multi-Timeframe Price Action Analysis
This indicator analyzes price action across multiple timeframes to determine bullish and bearish signals. It creates a dashboard showing how price interacts with previous candles' highs and lows.
Features
- Analyzes 4 customizable timeframes simultaneously
- Detects when price:
-- Grabs lows and comes back inside (bullish)
-- Grabs highs and comes back inside (bearish)
-- Grabs both highs and lows
-- Moves above previous high
-- Moves below previous low
-- Calculates bullish/bearish percentages for each timeframe
-- Visual dashboard with color-coded signals
Adjustable confirmation settings
-- Settings
-- Customize timeframes (default: 15min, 1H, 4H, D)
-- Toggle confirmation waiting
-- Set number of confirmation candles
This is a very rudimentary version.. I will make a more robust version soon
For it to be considered a "grab" the current price must be within the previous candle's range..
This also does not focus on candle closures just highs and lows
Also note that this is a little aggressive in that it does not require a bullish close for example to be considered bullish, a bearish close inside the previous candle is considered valid, this is to handle the morning stars that have a slightly bearish close in middle candle etc.. obviously do not rely on this indicator.. look at the price action and determine if you think its worth taking..
Same goes for bullish closes inside previous candle after grabbing highs..
This indicator analyzes price action across multiple timeframes to determine bullish and bearish signals. It creates a dashboard showing how price interacts with previous candles' highs and lows.
Features
- Analyzes 4 customizable timeframes simultaneously
- Detects when price:
-- Grabs lows and comes back inside (bullish)
-- Grabs highs and comes back inside (bearish)
-- Grabs both highs and lows
-- Moves above previous high
-- Moves below previous low
-- Calculates bullish/bearish percentages for each timeframe
-- Visual dashboard with color-coded signals
Adjustable confirmation settings
-- Settings
-- Customize timeframes (default: 15min, 1H, 4H, D)
-- Toggle confirmation waiting
-- Set number of confirmation candles
This is a very rudimentary version.. I will make a more robust version soon
For it to be considered a "grab" the current price must be within the previous candle's range..
This also does not focus on candle closures just highs and lows
Also note that this is a little aggressive in that it does not require a bullish close for example to be considered bullish, a bearish close inside the previous candle is considered valid, this is to handle the morning stars that have a slightly bearish close in middle candle etc.. obviously do not rely on this indicator.. look at the price action and determine if you think its worth taking..
Same goes for bullish closes inside previous candle after grabbing highs..
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.