1. Purpose: This indicator visualizes higher timeframe data on lower timeframe charts, facilitating multi-timeframe analysis. It recreates and extends the functionality of the MQL indicator of the same name in PineScript.
2. Key Features:
a. Higher Timeframe Candle Display: - Displays monthly data by default, but users can select any timeframe. - Customizable candle colors (bullish/bearish), wick, and body sizes. - Adjustable offset to change display position on the chart.
b. Price Range Box: - Shows the high and low range of the higher timeframe as a semi-transparent box. - Customizable background color.
c. Fibonacci Levels: - Displays 7 Fibonacci levels within the higher timeframe price range (0, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%). - Uses different colors for each level and shows level values as labels. - Can be toggled on/off.
d. Information Labels: - Remaining Time Display: Countdown to the end of the current higher timeframe candle. - Delta Display: Shows price change from the open of the current higher timeframe. - Distance from High/Low: Displays the difference between current price and high/low. - Each label can be customized for visibility and color.
3. Special Features: - Displays "MARKET IS CLOSED" when the market is not open. - Time display format includes months, days, hours, minutes, and seconds, abbreviated as needed. - Delta and distance values change color based on positive/negative values and are displayed with up/down arrows.
4. Customizability: - Extensive input options allow users to fine-tune appearance and functionality. - Individual settings for colors, sizes, offsets, and display items.
This script is published closed-source and you may privately use it freely.
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