MTF Red Bar Ver:1.0
MTF Fibonacci Bands
The script tracks and marks four distinct dynamic horizontal zones (bands)
5m , 5m bearish, 1hour, Mid Hour.
For each tracked window, it plots a shaded structural channel between the 0.44 and 0.50 retracement steps of that specific range.
The 4 Active Intraday Bands:
The 5m Opening Band (09:15 – 09:20):
The Red Bar Band: Formed around the very first 5-minute bearish candle
The 1H Range Band (09:15 – 10:15)
The 12:45pm Mid-day Band (12:45 – 13:15)
Tracks the absolute high, low, and center point of the previous trading day's candle.
EMA 5 Line: Acts as an immediate short-term momentum tracker.
EMA 10/30 Fast Trend Cloud: A shaded ribbon that changes color dynamically based on moving average crossovers (Green for bullish expansion, Red for bearish pressure).
EMA 200 High/Low Channel
The script tracks and marks four distinct dynamic horizontal zones (bands)
5m , 5m bearish, 1hour, Mid Hour.
For each tracked window, it plots a shaded structural channel between the 0.44 and 0.50 retracement steps of that specific range.
The 4 Active Intraday Bands:
The 5m Opening Band (09:15 – 09:20):
The Red Bar Band: Formed around the very first 5-minute bearish candle
The 1H Range Band (09:15 – 10:15)
The 12:45pm Mid-day Band (12:45 – 13:15)
Tracks the absolute high, low, and center point of the previous trading day's candle.
EMA 5 Line: Acts as an immediate short-term momentum tracker.
EMA 10/30 Fast Trend Cloud: A shaded ribbon that changes color dynamically based on moving average crossovers (Green for bullish expansion, Red for bearish pressure).
EMA 200 High/Low Channel
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.