PROTECTED SOURCE SCRIPT
My-Indicator - Multi-interval Candle Viewer (1W, 1D, 12H)
This script lets you display candles from a selected time frame (1W, 1D, 12H) without switching your chart’s current time frame. For example, you can analyze the structure of a 12-hour or 1-day candle even while viewing a 15-minute chart. The script builds candles with wicks (open, high, low, and close) based on lower time frame data.
In trading, context is everything – and the most important context often lies in the longer time frame.
It allows you to view candlesticks historically and in real time - a candlestick that has not yet closed. You can see how much time is left until the candle closes and you can find out at what stage of the candle formation the price is. It is also a very useful tool for analysing candlestick patterns (such as Hammer, Shooting Star, Hanging Man, Bullish or Bearish Engulfing, etc.).
Why is it useful?
Example use case
Let’s say you’re trading on a 15-minute chart and notice the price consolidating near a recent high. With this tool, you can simultaneously track how the current daily candle is forming — for instance, you might see it developing into a bullish engulfing pattern. Recognizing this early can provide useful context, helping you decide whether to hold your long position or manage risk.
Some important tips
In trading, context is everything – and the most important context often lies in the longer time frame.
It allows you to view candlesticks historically and in real time - a candlestick that has not yet closed. You can see how much time is left until the candle closes and you can find out at what stage of the candle formation the price is. It is also a very useful tool for analysing candlestick patterns (such as Hammer, Shooting Star, Hanging Man, Bullish or Bearish Engulfing, etc.).
Why is it useful?
- Overlays higher time frame candles on your current chart,
- Identify key levels (e.g. high/low of a 12h, 1d, or 1w candle),
- Spot candlestick patterns like engulfing or inside bars from larger time frames,
- combine multi-time frame signals for more precise decision making,
- Improve market structure analysis without constantly flipping between charts,
- Best for day traders who want to have a better overview of the market situation.
Example use case
Let’s say you’re trading on a 15-minute chart and notice the price consolidating near a recent high. With this tool, you can simultaneously track how the current daily candle is forming — for instance, you might see it developing into a bullish engulfing pattern. Recognizing this early can provide useful context, helping you decide whether to hold your long position or manage risk.
Some important tips
- - If the first candlestick is broken (displayed incorrectly) just refresh the chart or page,
- - To improve visibility, go to the right panel "Object tree and data window" and change the order of the layers,
- - The time of the open and close candlesticks is the same as the Tradingview server time.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
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 protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
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.