kai-den

Multiple Time Frame Open

Many people have been watching open price of each time axis from long ago.
Also, opening price has an important meaning to determine whether each candlestick is White or Black.
Opening price is very important.
Opening price serves as support and resistance .
This indicator displays OHLC Open as lines in multiple time frame .

Scale Settings:
✓ Scale Price Chart Only
Feb 06
Release Notes: Update for visibility.
Feb 22
Release Notes: Change color to improve visibility.
Mar 18
Release Notes: Update for visibility.
Mar 21
Release Notes: Label color will change depending on whether each candlestick is White or Black.
Jun 13
Release Notes: Add Thursday-Weekly.
Add Lines hide option.
Sep 02
Release Notes: * Pinescript V4.
* Minor changes of "Thursday Weekly".
Oct 11
Release Notes: * Added "Show Close Lines?" Option. This displays a vertical line where the bar is closed. You can hide it in the settings.
* Fixed "Thursday" line option.
Oct 11
Release Notes: * Minor correction.
Oct 14
Release Notes:
  • \

Oct 14
Release Notes: * Remaining time display until closing price.
The text color changes from green to yellow to red according to the ratio of remaining time reduction.
The ratio of reduction is configurable.
Oct 27
Release Notes:


Oct 27
Release Notes:
  • More versatility for closing time.
  • Change color.
*
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Man, you have great scripts! Can you elaborate on Thursday-Weekly?
Thank you!
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kai-den Wuuzzaa
@Wuuzzaa,
On most exchanges, weekly bar is updated on Monday, but Cryptowatch and bitFlyer weekly bars are updated on Thursday.
Some other exchanges may also be so.
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I am very sure about this idea and the idea is great.
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kai-den AItraders
@AItraders, Thank you! I am the same as yours. It is interesting that this idea is a principle that can also be applied to DJI's chart 100 years ago.
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Price operation is the process of people's search for consensus. Consensus constitutes the price trend. Each time period has a key price. There is a common starting point for people. The price revolves around these starting points, or affirmation or negation constitutes a price breakthrough and reversal. The important mark price gives a potential support or resistance level.
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Outstanding work!
+1 Svara
kai-den TylerDurden08
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