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.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
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.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.