Lower and Higher Timeframe Candles with Labels-AYNET
How It Works Input Parameters:
Users define: LTF timeframe (e.g., 5m, 15m, 1H). Time range (e.g., 9 AM to 5 PM) for candle visibility. Candle colors for bullish, bearish, and wick. Data Fetching:
The script fetches LTF candle data (open, high, low, close) using request.security. Conditional Plotting:
Candles are plotted only if the current time falls within the specified range. Dynamic Label:
A label with the LTF name is created and updated dynamically as the chart progresses. Use Cases Multi-Timeframe Analysis: Analyze LTF price action within the context of a higher timeframe chart. Session-Specific Focus: Limit candle visibility to specific trading hours for better insights. This script combines LTF visualization and a dynamic label for clear and actionable multi-timeframe analysis.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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