The Multi-Timeframe (MTF) Candle Tool is a powerful indicator designed for traders who wish to analyze standard candle bars and Heikin Ashi candles of multiple timeframes simultaneously. This tool is ideal for traders who prefer to trade in higher timeframes while keeping a close eye on the lower timeframes for confirmation signals. The indicator works by overlaying standard candle bars or Heikin Ashi candles of a higher timeframe onto the current chart. This allows traders to quickly switch between the current timeframe and the higher timeframe, without having to switch charts.
Features - Live, real time updating MTF candle - Custom colors - Heikin Ashi candle
- Heikin Ashi Inside bar highlight
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Updated to correct high / low wick bug Updated to correct candle width
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Fixed bug on opening price of developing MTF candle
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Fixed bug on delayed MTF candle for 2 hr / 4 hr timeframe
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Added alert conditions for: - MTF candle turns green/bullish or turns red/bearish - Heikin Ashi inside bar
Thank you! You saved me a lot of time trying to bully ChatGPT into making something like this. Amazing work.
nirav2811
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This is too good!!! Can you please add alert and multiple time frame to compare in one chart? ex: watching 5 min chart and comparing on 1hr and daily on same time...... Thank you!!!!!!!!!!!!!!!!!
PtGambler
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@nirav2811, hey~ just updated with alerts. Go check it out. For more time frames, just add another instance onto your chart and pick different colors.
This is a Nice Tool. Please add Cumulative Volume for the MTF Period.
PtGambler
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@inv2019, interesting idea~ that might be better with a separate tool, otherwise it might be difficult to display. Let me look into it
TK42DAN
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I LOVE the look of these candles compared similar indicators. However, the candles are one hour behind for me and I'm not sure why or if I'm doing something wrong. Any ideas?
PtGambler
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@TK42DAN, can you DM me some screenshot to show me?