OPEN-SOURCE SCRIPT
MTF Equals v1.0
MTF Equals is a professional-grade tool designed to identify significant price levels across multiple timeframes. It scans the current chart and higher timeframes (HTF) for identical highs and lows ("Equals"), which often act as price magnets or liquidity pools.
Key Features:
Multi-Timeframe Analysis: Automatically detects identical highs and lows on the current chart, as well as M5, M15, M30, H1, H4, and Daily.
NQ Auto-Detection: Specialized logic for Nasdaq (NQ) that automatically determines the ideal starting point for analysis based on volume, efficiency, and price density.
Live Statistics: Displays the number of touches and the bar distance from the first touchpoint directly on the price level.
Smart Cleaning: Levels are automatically removed once they are significantly breached by price, keeping your chart clutter-free.
Advanced Visuals: Fully customizable colors, line styles, and label positioning (e.g., Align to Margin).
How to use:
Perfect for spotting "Equal Highs/Lows" (Liquidity) or confirming institutional support and resistance zones.
Key Features:
Multi-Timeframe Analysis: Automatically detects identical highs and lows on the current chart, as well as M5, M15, M30, H1, H4, and Daily.
NQ Auto-Detection: Specialized logic for Nasdaq (NQ) that automatically determines the ideal starting point for analysis based on volume, efficiency, and price density.
Live Statistics: Displays the number of touches and the bar distance from the first touchpoint directly on the price level.
Smart Cleaning: Levels are automatically removed once they are significantly breached by price, keeping your chart clutter-free.
Advanced Visuals: Fully customizable colors, line styles, and label positioning (e.g., Align to Margin).
How to use:
Perfect for spotting "Equal Highs/Lows" (Liquidity) or confirming institutional support and resistance zones.
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.
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.
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.