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Multi-Timeframe Price Action Analysis

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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..

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.