Candlestick Plot MTF

Jul 27, 2019

Plots the live non-repainting candles for a higher time interval than the chart interval.

Features:

• Configuration of the look and feel of the MTF candles.
  
• Live candles update as the price action evolves for the session.
  
• Historical candles can be toggled on/off.
  
• Includes a moving average ribbon that is also MTF, matching the interval chosen.
  

Please watch this video to understand more:

Jul 27, 2019

Release Notes

• Improved gap logic.
  

Aug 2, 2019

Release Notes

• Added Heikin Ashi Candles.
  

Mar 16, 2020

Release Notes

• Fixed issues with heikin ashi plot.
  

Jan 25, 2021

Release Notes

• Updated max "recent" candle count. Shows a maximum of 90 candles built with pine 4.0 lines instead of 9.
  

Apr 28, 2022

Release Notes

• Major overhaul to Pine V5.
  
• Swapped candle body lines for "boxes" that were recently introduced. This has increased the total number of drawn candles by a factor of 4x.
  
• Removed Moving Averages.
  
• Removed "historical candles". There is a max bars back limitation. This new version will show 500 boxes (candles) in history. Only the most recent 250 candles will show wicks.
  
• Code is condensed and simplified, speed improved.
  

Apr 28, 2022

Release Notes

• Added simple countdown label showing the time remaining until the interval ends.
  

Apr 28, 2022

Release Notes

• Removed unused plot.
  

May 8, 2022

Release Notes

• Added volume gradient.
  
• Shade the background of candles and set the border width based on the candle relative volume compared to the previous N candles.\n\nA candle with a lower relative volume will appear more transparent and have a thinner border, while a candle with a higher relative volume will appear more opaque and have a thicker border.
  

May 8, 2022

Release Notes

• Minor updates and improvements,
  

Jun 24, 2022

Release Notes

• Added better volume gradient range.
  
• Added large tooltips in the center of each candle that can be shown when hovered over. These tooltips show the current candle volume and also the volume percentile rank.
  

Jun 25, 2022

Release Notes

• Tweaked volume gradient shading mechanism.
  
• Added option to show volume percentile value inside candle.
  
• Updated tooltips.
  

Jun 29, 2022

Release Notes

• Added ability to set the wick colors based on bullish/bearish candles.
  
• Added fade in/out mechanism to the volume percentile rank labels. The text opacity approaches 100 as the rank approaches 100.
  

Jun 29, 2022

Release Notes

• Set text opacity function to sqrt.
  

Jun 30, 2022

Release Notes

• Added 'distribution' rank mode. See description in pictures attached to this update message.
  

Interesting combination of distribution and percentile rank modes on the same candle. This is live and occurred a few minutes ago when the CORE PCE data headline was released.

Jul 2, 2022

Release Notes

• Updated input descriptions.
  

Sep 24, 2022

Release Notes

• Added option to use custom sigma value, see input notes to know more next to the sigma variable.
  
• Updated 'hybrid' candlestick types.
  
• Updated documentation.