PROTECTED SOURCE SCRIPT
TAPLOT Price Time Frame Continuity #TheStrat
#TheStrat Price Continuity is a simple concept in where market participants across multiple time frames are in-sync with each other.
The concept looks at multiple time frames & assess if harmony exists between them. The way that is done is looking at closing price vs opening price on each time frame.
If monthly bar is up & weekly bar is up and daily bar is up, that means market participants across all of these 3 different time frames are in-sync with each other.
The indicator places an indicator at the top right side of the chart with each resolution closing price vs open. if Close is higher than open then green else red.
The indicator setting allows you to change the size of the data cells and text color.
How do I use this?
I am a swing/position trader. The indicator gives me more conviction when I see that daily, weekly and Monty chart are all in-sync with each other.
Please note that the indicator displays ONLY on daily charts.
The concept looks at multiple time frames & assess if harmony exists between them. The way that is done is looking at closing price vs opening price on each time frame.
If monthly bar is up & weekly bar is up and daily bar is up, that means market participants across all of these 3 different time frames are in-sync with each other.
The indicator places an indicator at the top right side of the chart with each resolution closing price vs open. if Close is higher than open then green else red.
The indicator setting allows you to change the size of the data cells and text color.
How do I use this?
I am a swing/position trader. The indicator gives me more conviction when I see that daily, weekly and Monty chart are all in-sync with each other.
Please note that the indicator displays ONLY on daily charts.
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✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
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