INVITE-ONLY SCRIPT

Wizard Multi-Candle Timeframe 1

26
Understanding Indicator

The table displays the candle's trend (green or red) and the fill percentage (the body of the candle relative to the total candle height) for each timeframe:
Candle Trend: Shows whether the candle is bullish (green) or bearish (red).
Fill Percentage: Shows how much of the candle's body is filled as a percentage of the total candle size (this could give you an idea of the strength of the trend).
6. Using the Data for Trading
The table helps you monitor price action across multiple timeframes in one view:
Bullish or Bearish Candle: Quickly understand the market sentiment at various timeframes.
Bar Fill Percentage: Use this data to gauge the strength of the trend. A higher percentage means a more substantial movement in the current direction.
This can be useful for making trading decisions like entering or exiting positions based on price trends across different timeframes.
7. Alerts (Optional)
If you'd like to be alerted when certain conditions occur (e.g., when a timeframe shows a green candle), you can set up TradingView alerts based on the script. To do this:
Click on the Alert button (clock icon) at the top of the TradingView chart.
Set conditions for the alert (you can create custom alerts based on the output from the Pine Script).
"Disclaimer: This indicator is intended for educational purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own research and consult with a licensed financial advisor before making any trading decisions."

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.