The script combines 3 single Bollinger bands into one script for easy plotting and range modification. It can be used for analyzing a market with multiple time frames and ranges using Fibonacci series as the range.
Feel free to use this Multi Time Frame RSI indicator.
You can select up to 4 time frames.
You can plot either each of them or the average of all 4 or the faster 3.
Enjoy. Please leave a like if it is useful to you.
Suggested useage: monthly index or asset class charts.
Traffic light colour system offers opinion on market risk.
Good for long term timing / hedging & allocation adjustment
with hat tip to William Blau !
Herewith a another simple oscillator that show the difference in price between a selectable timeframe TWAP and another alternative selectable timeframe TWAP
This is shown as a histogram.
Use numeric TWAP values for minutes (30, 60 ,720 whatever) and D, 3D, W, M for higher values
There is also a global timeframe which will set the timeframe for a...
There seems to be no open source forex trading session DST (Daylight Savings Time) aware scripts which I think is absurd. This amazing community deserves better. So I adapted some code by icostan adding DST capabilities.
Original code by icostan here
I added DST code. Warning may not be perfect yet. ...
At it again. This time I've added to the custom time frame indicator an inversion capability. This way you can look at the inverse price of custom time frames, again without having to go pro!
I use it too look at downtrends with the same bias as I do uptrends. Unfortunately usually to look at the inverse on timeframes anything other than the 1D chart you need a...
Simple time indicator showing weeks of the year. Acts to help you define the greater perspective of time on your charts. You can overlay it on the entire chart or use it small and consolidated like I prefer it.
Easiest to configure colors in the script itself and then leave transparency values untouched:
q1w1 = the first week of the first quarter of the year (1st...
Script tries to capture the length of trends. It calculates an SMA and then determines the slope of the SMA using a simple momentum function. From there it counts bars from when the slope changed directions last. The lime green line is the count from when the slope changed. The yellow line is the average time of a trend. The white line is "trying" to capture the...