OPEN-SOURCE SCRIPT
FLEE MTF Context & Range
This indicator is a multi-timeframe market context tool. Its job is to help you quickly understand what the market is doing across multiple timeframes and what range price is currently trading inside.
It shows a context table in the top-right corner of the chart. That table tells you the trend direction for the 4H, 1H, 15M, and 5M timeframes. Each timeframe will show whether price is bullish, bearish, or neutral.
At the top of the table, it also shows the Daily overall bias. The daily bias is the main direction of the market, so you can quickly see whether the bigger picture is leaning bullish or bearish before taking trades on the lower timeframes.
The indicator also identifies the current range price is moving inside. When price is consolidating or trading between a high and a low, the indicator draws a transparent box around that range. The top of the box marks the range high, and the bottom marks the range low.
Inside the range box, the indicator draws a dotted 50% median line. This helps you see whether price is trading in the upper half or lower half of the range. The median can help with bias, entries, and understanding whether price is closer to premium or discount.
The indicator updates as the market moves. When a new range forms, the old range can disappear or stay depending on the settings. You can customize the colors, transparency, labels, timeframe options, and how sensitive the range detection is.
In simple words: this indicator tells you the trend on the higher and lower timeframes, gives you the daily bias, and visually marks the current price range with a 50% line so you can make cleaner trading decisions.
It shows a context table in the top-right corner of the chart. That table tells you the trend direction for the 4H, 1H, 15M, and 5M timeframes. Each timeframe will show whether price is bullish, bearish, or neutral.
At the top of the table, it also shows the Daily overall bias. The daily bias is the main direction of the market, so you can quickly see whether the bigger picture is leaning bullish or bearish before taking trades on the lower timeframes.
The indicator also identifies the current range price is moving inside. When price is consolidating or trading between a high and a low, the indicator draws a transparent box around that range. The top of the box marks the range high, and the bottom marks the range low.
Inside the range box, the indicator draws a dotted 50% median line. This helps you see whether price is trading in the upper half or lower half of the range. The median can help with bias, entries, and understanding whether price is closer to premium or discount.
The indicator updates as the market moves. When a new range forms, the old range can disappear or stay depending on the settings. You can customize the colors, transparency, labels, timeframe options, and how sensitive the range detection is.
In simple words: this indicator tells you the trend on the higher and lower timeframes, gives you the daily bias, and visually marks the current price range with a 50% line so you can make cleaner trading decisions.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.