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Continuity

Multi-Timeframe Continuity Custom Candle ConfirmationMulti-Timeframe Continuity Custom Candle Confirmation Overview The Timeframe Continuity Indicator is a versatile tool designed to help traders identify alignment between their current chart’s candlestick direction and higher timeframes of their choice. By coloring bars on the current chart (e.g., 1-minute) based on the directional alignment with selected higher timeframes (e.g., 10-minute, daily), this indicator provides a visual cue for confirming trends across multiple timeframes—a concept known as Timeframe Continuity. This approach is particularly useful for day traders, swing traders, and scalpers looking to ensure their trades align with broader market trends, reducing the risk of trading against the prevailing momentum. Originality and Usefulness This indicator is an original creation, built from scratch to address a common challenge in trading: ensuring that price action on a lower timeframe aligns with the trend on higher timeframes. Unlike many trend-following indicators that rely on moving averages, oscillators, or other lagging metrics, this script directly compares the bullish or bearish direction of candlesticks across timeframes. It introduces the following unique features: Customizable Timeframes: Users can select from a range of higher timeframes (5m, 10m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, 1M) to check for alignment, making it adaptable to various trading styles. Neutral Candle Handling: The script accounts for neutral candles (where close == open) on the current timeframe by allowing them to inherit the direction of the higher timeframe, ensuring continuity in trend visualization. Table: A table displays the direction of each selected timeframe and the current timeframe, helping identify direction in the event you don't want to color bars. Toggles for Flexibility: Options to disable bar coloring and the debug table allow users to customize the indicator’s visual output for cleaner charts or focused analysis. This indicator is not a mashup of existing scripts but a purpose-built tool to visualize timeframe alignment directly through candlestick direction, offering traders a straightforward way to confirm trend consistency. What It Does The Timeframe Continuity Indicator colors bars on your chart when the direction of the current timeframe’s candlestick (bullish, bearish, or neutral) aligns with the direction of the selected higher timeframes: Lime: The current bar (e.g., 1m) is bullish or neutral, and all selected higher timeframes (e.g., 10m) are bullish. Pink: The current bar is bearish or neutral, and all selected higher timeframes are bearish. Default Color: If the directions don’t align (e.g., 1m bar is bearish but 10m is bullish), the bar remains the default chart color. The indicator also includes a debug table (toggleable) that shows the direction of each selected timeframe and the current timeframe, helping traders diagnose alignment issues. How It Works The script uses the following methodology: 1. Direction Calculation: For each timeframe (current and selected higher timeframes), the script determines the candlestick’s direction: Bullish (1): close > open / Bearish (-1): close < open / Neutral (0): close == open Higher timeframe directions are fetched using Pine Script’s request.security function, ensuring accurate data retrieval. 2. Alignment Check: The script checks if all selected higher timeframes are uniformly bullish (full_bullish) or bearish (full_bearish). o A higher timeframe must have a clear direction (bullish or bearish) to trigger coloring. If any selected timeframe is neutral, alignment fails, and no coloring occurs. 3. Coloring Logic: The current bar is colored only if its direction aligns with the higher timeframes: Lime if the higher timeframes are bullish and the current bar is bullish or neutral. Maroon if the higher timeframes are bearish and the current bar is bearish or neutral. If the current bar’s direction opposes the higher timeframe (e.g., 1m bearish, 10m bullish), the bar remains uncolored. Users can disable bar coloring entirely via the settings, leaving bars in their default chart color. 4. Direction Table: A table in the top-right corner (toggleable) displays the direction of each selected timeframe and the current timeframe, using color-coded labels (green for bullish, red for bearish, gray for neutral). This feature helps traders understand why a bar is or isn’t colored, making the indicator accessible to users unfamiliar with Pine Script. How to Use 1. Add the Indicator: Add the "Timeframe Continuity Indicator" to your chart in TradingView (e.g., a 1m chart of SPY). 2. Configure Settings: Timeframe Selection: Check the boxes for the higher timeframes you want to compare against (default: 10m). Options include 5m, 10m, 15m, 30m, 1h, 2h, 4h, 1D, 1W, and 1M. Select multiple timeframes if you want to ensure alignment across all of them (e.g., 10m and 1d). Enable Bar Coloring: Default: true (bars are colored lime or maroon when aligned). Set to false to disable coloring and keep the default chart colors. Show Table: Default: true (table is displayed in the top-right corner). Set to false to hide the table for a cleaner chart. 3. Interpret the Output: Colored Bars: Lime bars indicate the current bar (e.g., 1m) is bullish or neutral, and all selected higher timeframes are bullish. Maroon bars indicate the current bar is bearish or neutral, and all selected higher timeframes are bearish. Uncolored bars (default chart color) indicate a mismatch (e.g., 1m bar is bearish while 10m is bullish) or no coloring if disabled. Direction Table: Check the table to see the direction of each selected timeframe and the current timeframe. 4. Example Use Case: On a 1m chart of SPY, select the 10m timeframe. If the 10m timeframe is bearish, 1m bars that are bearish or neutral will color maroon, confirming you’re trading with the higher timeframe’s trend. If a 1m bar is bullish while the 10m is bearish, it remains uncolored, signaling a potential misalignment to avoid trading. Underlying Concepts The indicator is based on the concept of Timeframe Continuity, a strategy used by traders to ensure that price action on a lower timeframe aligns with the trend on higher timeframes. This reduces the risk of entering trades against the broader market direction. The script directly compares candlestick directions (bullish, bearish, or neutral) rather than relying on lagging indicators like moving averages or RSI, providing a real-time, price-action-based confirmation of trend alignment. The handling of neutral candles ensures that minor indecision on the lower timeframe doesn’t interrupt the visualization of the higher timeframe’s trend. Why This Indicator? Simplicity: Directly compares candlestick directions, avoiding complex calculations or lagging indicators. Flexibility: Customizable timeframes and toggles cater to various trading strategies. Transparency: The debug table makes the indicator’s logic accessible to all users, not just those who can read Pine Script. Practicality: Helps traders confirm trend alignment, a key factor in successful trading across timeframes.
Pine Script® göstergesi
BigGuavaTrading tarafından
Moving Average Continuity [QuantVue]"Moving Average Continuity," is designed to compare the position of two Moving Averages (MAs) across multiple timeframes. The user can select three timeframes and determine the length and type of both a fast and slow moving average. The indicator will display a small table in a user selected location. This table helps traders quickly determine if, for their selected timeframes, the faster moving average is trending above or below the slower moving average. The “Moving Average Continuity” indicator can also send you three types of alerts; 1. All moving averages are aligned bullish 2. All moving averages are aligned bearish 3. Moving averages are mixed Key Features: 1. Timeframes: The user can select up to three distinct timeframes to compare the moving averages. 2. Moving Average Inputs: For each MA, users can determine: • Length of the MA • Type of the MA - Options include EMA (Exponential Moving Average), SMA (Simple Moving Average), HMA (Hull Moving Average), WMA (Weighted Moving Average), and VWMA (Volume Weighted Moving Average). 3. Positioning: Users have the ability to adjust the table's positioning (top, middle, or bottom) and horizontal alignment (right, center, or left) on the chart overlay. 4. Runtime Error Prevention: The indicator will throw an error if the chart's timeframe exceeds the maximum selected timeframe, ensuring that comparisons are done correctly. Give this indicator a BOOST and COMMENT your thoughts! We hope you enjoy. Cheers.
Pine Script® göstergesi
QuantVue tarafından
1
MTFT Full Time Frame Continuity Table TheStrat Suite(2of5)Multi Time Frame Tools Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier. All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized. Longer TF analysis. Yearly - Black Semi-Annual - Yellow Quarterly - White Monthly - Maroon Weekly - Royal Blue Daily - Lime Shorter TF analysis. 4 hour - Fuchsia 1 hour - Orange 30 min - Red 15 min - Brown 10 min - Purple 5 min - Lilac All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu. Recommended Chart Color Layout I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors. -> Click on the settings wheel on your chart. -> Click on “Appearance”. Background - Solid -> On the top row pick the 6th color from the left. Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left. You may of course change these and the indicator line colors as you like. Adding indicator to Chart -> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart. MTFT TheStrat Suite (5 Scripts) Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master. 1. MTFT Patterns Pro/Noob *2. MTFT Full Time Frame Continuity Table 3. MTFT Last HML wOpen 4. MTFT Actionable Signal Targets 5. MTFT Reversal Lines MTFT Full Time Frame Continuity Table, TheStrat Suite (2of5) Full timeframe continuity observes what direction different timeframes are pointed at, red or green. This gives you a bias when evaluating a trade. Image below shows 3 instances of the script to outline the max capacity of the script. Features includes: 1. Four user selected TFs, with 20 different TF to pick from per script instance. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. The first row on the table cell will show the text for the selected timeframe. 2. Color text Green/Red timeframe based on candlestick status for the selected timeframe. Entire Table Cell text will be colored in this color. These can be customized to user preference. 3. Absolute Truth for most recently closed candlestick, plus the active candlestick. This will be displayed in the second row of the table cell. The value inside the brackets ‘ ’ is used for the previous closed candlestick. The value outside the brackets is for the active candlestick. 4. Label pattern if it’s “in force” or not. This only applies for the active candlestick absolute truth value. Note, ‘i’ means the absolute truth is in force. ‘x’ means the absolute truth is not in force. 5. Actionable Signal indication at bottom. If there is an inside candlestick, a hammer or a shooter, the script will display , , and respectively at the bottom on the third row. 6. Auto-hide Lower Timeframes. When the table cell value is smaller than the selected timeframe this timeframe will be hidden. This is done because their will be errors in calculations. 7. Customizable Table Cell Width for use in the different platforms, desktop/mobile. For desktop I use the setting. IMPORTANT NOTE for TradingView admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection. Example using TheStrat Pro MTFT with this indicator. Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” along with this indicator showing several other larger timeframes Red/Green depending on the direction of the actionable signal. The Image below shows what this would look like with this indicator. The selected candlestick is the Week, it shows a confirmed closed Shooting Star Actionable signal and below the table shows that the Current Week(W), Month(M), Quarter(Q), and Year(Y) are all Red. This actionable signal would be played for SHORTS. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. This wont always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
Pine Script® göstergesi
Multi_TF_Tools tarafından
Tweak Strat FTFCThis script allows traders to view timeframe continuity on 7 timeframes at the top of the chart. The trader selects 7 different timeframes, and the script will reflect whether the current candle for each timeframe is bullish or bearish (current price > the open OR current price < the open). If a timeframe is currently bearish, the box will be purple. If a timeframe is currently bullish, the box will be orange. A circle in the middle of the box indicates that that timeframe is currently an inside bar (1). An upward arrow indicates that that timeframe is currently a directional up bar (2u). A downward arrow indicates that that timeframe is currently a directional down bar (2d). A rectangle indicates that that timeframe is currently an outside bar (3). NOTE: The color of the boxes is fixed. Traders MUST select a timeframe for EACH OF THE 7 FIELDS.
Pine Script® göstergesi
Tweakfuzz tarafından
RM Timeframe ContinuityThis indicator plots a table off to the right of the chart to help with determining timeframe continuity. Per the Strat, a great edge is only taking trades where full timeframe continuity is in place (i.e. if you are going long, make sure other timeframes are also green). In this script: Green candles have green colored boxes, red candles have red colored boxes. Inside bars are represented by a circle - ⬤ Outside bars are represented by a tall rectangle - ▮ 2-up bars are indicated by an up arrow - ▲ 2-down bars are indicated by a down arrow - ▼ User defined options: Pick any timeframe for the 4 boxes Choose whether to plot the highs/lows of the larger timeframe candles as horizontal rays on your chart (along with the associated colors)
Pine Script® göstergesi
millerrh tarafından
13