Madrid

Madrid Upper OHLC

352 2 51
This study displays the candlesticks of the upper timeframe, this provides a glance of the bigger picture in the current time frame by quickly and easily identifying the main OHLC levels.
In this example I am using the indicator twice on the 15 min chart, the first implementation displays the candles of the Daily timeframe and the second displays those of the weekly.
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// Hector R. Madrid :04/DEC/2014 : 16:45 : 1.0
// http://madridjourneyonws.blogspot.com/
// This study displays the candlesticks of the upper timeframe, this
// provides a view of the bigger picture in the current time frame.
// Ref.  Pine programming tutorial 
//

study("Madrid Upper OHLC", "MUpperOHLC", overlay=true)

highTimeFrame = input("D", type=resolution)
numBars = highTimeFrame

// Upper HLOC
upperHigh = security(tickerid, highTimeFrame, high)
upperLow = security(tickerid, highTimeFrame, low)
upperOpen = security(tickerid, highTimeFrame, open)
upperClose = security(tickerid, highTimeFrame, close)
newBar(res) => change(time(res)) != 0



// Output
upperH = plot(newBar(numBars)?upperHigh:upperHigh[1], style=circles, linewidth=1, color=orange)
upperL = plot(newBar(numBars)?upperLow:upperLow[1], style=circles, linewidth=1, color=orange)
upperO = plot(newBar(numBars)?upperOpen:upperOpen[1], style=circles, linewidth=1, color=red)
upperC = plot(newBar(numBars)?upperClose:upperClose[1], style=circles, linewidth=1, color=green)

fill(upperH, upperL, orange, transp=90)
fill(upperO,upperC, color=orange, transp=90)
Thanks for this Madrid. Always useful to be able to look inside our favorite time frame. Very useful!
Reply
grankoer PRO
2 years ago
Very useful indicator for my trading! Since I'm a new on TV and don't know how to program could you help me or add option 4h higher time frame. This will be optimal for my trading. Thanks for answer Madrid.
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