This script will show up to three different timeframe structure based on fractal formation (combination of three candles where the middle one is the highest).
You can modify each of the timeframes (called factors in the script). These factors emulate the fractal formations on the timeframe specified (in minutes). I found that at least for me a combination of 1-10-100 works well if you use the 1 minute timeframe, but you can try different combinations to see long term structures o more short term structures.
There are a couple of things I would like to add later on, for example, to select dots instead of lines to show structure or adding orderblocks based on the fractal formations (as this would emulate higher timeframe OBs). As soon as I can, I will add these.
I tested your indicator yesterday. I have such a problem with the indicator: I set the settings, for example 1m, 3m, 5m. And when I switch the chart to different timeframes, the data on the scoreboard show different indicators. For example, on M15: m1 - bullish, m3 - bullish, m5 - bearish. And when I switch to M60 or M120, the display shows: m1 - bearish, m3 - bearish, m5 - bullish. What I wanted to ask: if I switch different timeframes, then for example, on m1, or on m5, the indicator data should not change. Can you explain why. Thanks for the answer.
Rostvv
⋅
Very useful and good indicator. If you can, then please add a block order. And if possible, then do not three, but five timeframes. It will be wonderful. Thanks for the indicator.