X HL Range

3 giorni fa

Overview:
The X Range indicator is a multi-timeframe visualization tool designed to display the high and low price ranges of previous candles from higher timeframes (HTFs) directly on a lower timeframe chart. It helps traders identify significant price zones and potential support/resistance levels by visually representing the price range of up to three previous candles for each selected timeframe.

Key Features:

Multi-Timeframe Support: The indicator supports three configurable higher timeframes (default: 60 min, 15 min, 5 min) which can be independently toggled on or off.

Custom Candle Range Display: For each enabled timeframe, users can choose to display the range of the most recent 1, 2, or 3 completed candles.

Dynamic Box Drawing: Price ranges are highlighted using rectangular boxes that extend across the chart to show where the highs and lows of each selected HTF candle occurred.

Custom Styling: Each timeframe's boxes can be individually styled with user-defined background and border colors to suit visual preferences or chart themes.

Efficient Redrawing: Boxes update in real-time as new higher timeframe candles complete, and previous boxes are removed to prevent chart clutter.

Use Case:
This indicator is particularly useful for intraday traders who want to align entries and exits with higher timeframe levels. By visualizing previous HTF ranges on a lower timeframe chart, traders gain contextual awareness of where price is likely to react or consolidate, aiding in decision-making for breakouts, reversals, or trend continuation setups.

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Note di rilascio

operating note: sometimes the right edge is off when first loaded/started. But it fixes itself once the designated timeframe is hit to switch to new HTF range. Have not been able to fix for those instances besides letting it run.