OPEN-SOURCE SCRIPT
Updated HTF Candle Boxes for LTF Charts
This indicator allows you to show an outline of a Higher Time Frame (HTF) candle on a Lower Time Frame (LTF) chart. Options include selecting the HTF interval, and an option to either show a single shaded Box for the candle (High to Low), or a shaded box for the body (Open to Close) with the High to Low shown in an unshaded box. The purpose is to easily visualise what the previous HTF candles look like as you are working on the lower charts, for example was yesterday's candle Bullish, Bearsish, indecision, a Doji etc.
Release Notes
Added the option to not paint the current HTF bar, default is not Release Notes
This version cleans up the painting of the last candle as previously it would create multiple boxes on each new candle if in real-time. Also added is the optional inclusion to show the Pip-Range of the HTF candle.
Release Notes
v4 10-Dec-23 - minor fix - occasionally the HTF box was paniting the wrong colour (for Doji-type Candles) because it was looking at the current candle rather than the last candle for that box. Release Notes
Version 5 - 26-Dec-24 Coverted to Pine V6, Fixed issues with the last candle update, added option for Mid-Line, reorganised the menu.
KNOWN ISSUE -- This does not work with non-divisble timeframes. The LTF candle open and close dictates the HTF data. For example a 2min chart with a 5min HTF. Because the M5 changes halfway through a M2 candle, you will end up with a series of 2 bar then 3 bar HTF candles. Simarly a weekly chart with a Monthly HTF because a month may end mid-week (not divisible)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.