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Trendoscope
Dec 2, 2020 12:59 PM

Previous High/Low MTF 

EUR/TRYOANDA

Description

Indicator to plot higher time frame previous candle highs and lows.

One of the key factor in understanding the trend is to look at higher time-frames chart.

Parameters are explained below:

  • resolution : Chose resolution of higher timeframe. If set to same as symbol, it will consider next parameter HTFMultiplier for calculation of higher timeframe
  • HTFMultiplier : Multiply symbol timeframe to by HTFMultiplier to derive higher time-frame
  • Offset: Number of higher timeframe candles before to be plotted. 1 means - it will show highs/lows of previous higher timeframe candle.

Release Notes

Also adding few options to explain how lookahead, gaps and offset on security function affect output. Default settings are set to show the optimal non repaint version.
Comments
RafaelZioni
cool, i like your work very much:)
Trendoscope
@RafaelZioni, Lol. Looks like you did something similar. Looking at your scripts now - seems we have few similar ideas :)
RafaelZioni
laurabeer
Awesome indicator. Is there any way to add a setting to limit the amount of prior HLs that are plotted (2-3 would be ideal)? Thanks so much.
Trendoscope
@laurabeer, may need to use line for that instead of plot.
CodyMaki
this is a great tool thank you cheers
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