OPEN-SOURCE SCRIPT
1H & 2H Candle Panel + Daily Grid v1.2
Indicator: "1H & 2H Candle Panel + Daily Grid v1.2"
This powerful indicator combines two key features into one tool:
Daily Grid anchored to the previous day’s close
Multi-Timeframe Candle Panel for comprehensive market analysis
1. Daily Grid Logic
Input:
Grid Distance (Points): Adjustable spacing between grid lines (default: 5.0 pts).
How It Works:
Detects the start of a new trading day using ta.change(time("D")).
Fetches the prior day’s close via request.security().
Draws the following elements at each new session:
Thick Red Line: Previous day’s closing price (key reference level).
8-Point Grid:
4 blue lines above the close (+1x to +4x the grid distance).
4 gold lines below the close (-1x to -4x the grid distance).
Info Label: Displays the exact prior close value.
Automatically clears and redraws all elements daily to avoid clutter.
2. Multi-Timeframe Candle Panel
Timeframes Analyzed:
Current chart TF, 30M, 1H, 2H, 3H, 4H, 6H, 12H, and Daily (1D).
Data Displayed per TF:
Open, Close, High, Low
Price Difference (Close − Open)
Candle Type (Bullish/Bearish)
Time remaining until candle close (hh:mm:ss format)
Visual Output:
A right-aligned table with conditional coloring:
Bullish candles: Green background
Bearish candles: Red background
Current timeframe highlighted in purple.
Optimized Updates:
Uses request.security() for efficient cross-TF data fetching.
Tracks candle closing times via TradingView’s native time_close.
Updates only on the last bar or in real-time (barstate.islast/isrealtime).
3. Confluence Signals
Full Confluence:
Triggers when all timeframes align:
Buy Signal: All candles bullish → Green arrow + alert.
Sell Signal: All candles bearish → Red arrow + alert.
1H Special Confluence:
Activates 30 minutes after the 1H candle opens.
Requires alignment between 1H, 4H, and 6H candles.
Marks entries with price-level arrows (no alerts).
4. Technical Optimizations
Performance:
Dynamically manages graphic objects (no redundant redrawing).
Uses arrays to track grid lines efficiently.
Precision:
Leverages TradingView’s time_close for accurate countdowns.
Formats prices with format.mintick for asset-specific precision.
How to Use
Adjust Grid Distance based on asset volatility.
Monitor the panel for multi-TF trend strength.
Use the daily grid as support/resistance reference.
Confluence signals highlight high-probability setups.
Pro Tip: Combine with volume analysis or RSI for confirmation!
This powerful indicator combines two key features into one tool:
Daily Grid anchored to the previous day’s close
Multi-Timeframe Candle Panel for comprehensive market analysis
1. Daily Grid Logic
Input:
Grid Distance (Points): Adjustable spacing between grid lines (default: 5.0 pts).
How It Works:
Detects the start of a new trading day using ta.change(time("D")).
Fetches the prior day’s close via request.security().
Draws the following elements at each new session:
Thick Red Line: Previous day’s closing price (key reference level).
8-Point Grid:
4 blue lines above the close (+1x to +4x the grid distance).
4 gold lines below the close (-1x to -4x the grid distance).
Info Label: Displays the exact prior close value.
Automatically clears and redraws all elements daily to avoid clutter.
2. Multi-Timeframe Candle Panel
Timeframes Analyzed:
Current chart TF, 30M, 1H, 2H, 3H, 4H, 6H, 12H, and Daily (1D).
Data Displayed per TF:
Open, Close, High, Low
Price Difference (Close − Open)
Candle Type (Bullish/Bearish)
Time remaining until candle close (hh:mm:ss format)
Visual Output:
A right-aligned table with conditional coloring:
Bullish candles: Green background
Bearish candles: Red background
Current timeframe highlighted in purple.
Optimized Updates:
Uses request.security() for efficient cross-TF data fetching.
Tracks candle closing times via TradingView’s native time_close.
Updates only on the last bar or in real-time (barstate.islast/isrealtime).
3. Confluence Signals
Full Confluence:
Triggers when all timeframes align:
Buy Signal: All candles bullish → Green arrow + alert.
Sell Signal: All candles bearish → Red arrow + alert.
1H Special Confluence:
Activates 30 minutes after the 1H candle opens.
Requires alignment between 1H, 4H, and 6H candles.
Marks entries with price-level arrows (no alerts).
4. Technical Optimizations
Performance:
Dynamically manages graphic objects (no redundant redrawing).
Uses arrays to track grid lines efficiently.
Precision:
Leverages TradingView’s time_close for accurate countdowns.
Formats prices with format.mintick for asset-specific precision.
How to Use
Adjust Grid Distance based on asset volatility.
Monitor the panel for multi-TF trend strength.
Use the daily grid as support/resistance reference.
Confluence signals highlight high-probability setups.
Pro Tip: Combine with volume analysis or RSI for confirmation!
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.