Structure Bias MTF [@Mishu]
Structure Bias MTF applies the Structure Midline logic to two timeframes at once and shows whether both point the same way.
How it works
- For each timeframe the midline between the last leg high and leg low is calculated (a leg starts with a close beyond the previous bar's high or low).
- Bias per timeframe: last close above the midline = bullish, below = bearish.
- The table shows both timeframes and a combined state (bullish / bearish / mixed).
- All higher-timeframe values come from the last closed bar of that timeframe. They do not change afterwards (no repainting).
- Markers show when both timeframes turn bullish or bearish together (after bar close).
Alerts
Both timeframes turn bullish / both turn bearish - once per bar close.
Limitations
Using only closed higher-timeframe bars means the values lag by one bar of that timeframe. Choose timeframes equal to or higher than the chart timeframe.
This is a rewritten, now public successor of my earlier invite-only "Entry Helper v2" (Pine Script v6).
This script is an analysis tool. It does not provide financial advice or trade recommendations.
How it works
- For each timeframe the midline between the last leg high and leg low is calculated (a leg starts with a close beyond the previous bar's high or low).
- Bias per timeframe: last close above the midline = bullish, below = bearish.
- The table shows both timeframes and a combined state (bullish / bearish / mixed).
- All higher-timeframe values come from the last closed bar of that timeframe. They do not change afterwards (no repainting).
- Markers show when both timeframes turn bullish or bearish together (after bar close).
Alerts
Both timeframes turn bullish / both turn bearish - once per bar close.
Limitations
Using only closed higher-timeframe bars means the values lag by one bar of that timeframe. Choose timeframes equal to or higher than the chart timeframe.
This is a rewritten, now public successor of my earlier invite-only "Entry Helper v2" (Pine Script v6).
This script is an analysis tool. It does not provide financial advice or trade recommendations.
Mishundare – Pine Script developer (IntelligenceFlow). My scripts are analysis tools: no signals, no financial advice, no performance promises. Questions or bugs? Leave a comment under the script.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Mishundare – Pine Script developer (IntelligenceFlow). My scripts are analysis tools: no signals, no financial advice, no performance promises. Questions or bugs? Leave a comment under the script.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.