OPEN-SOURCE SCRIPT
Macro Candle Overlay
Macro Candle Overlay is a higher-timeframe candle visualization tool designed to display selected macro candles directly on the active chart.
The script draws candles from a selected higher timeframe, such as 15m, 30m, 1H, 2H, 4H, Daily, Weekly, or Monthly. Each higher-timeframe candle is represented with its own body and wick, allowing traders to view larger candle structure without switching away from the current chart timeframe.
This can help with visual analysis of broader market context, including higher-timeframe candle direction, wick behavior, candle body size, and developing macro candle structure.
Main features:
* Higher-timeframe candle overlay on the current chart;
* Selectable candle timeframe;
* Bullish and bearish body color settings;
* Wick and border color settings;
* Adjustable body transparency;
* Automatic candle updating while the current higher-timeframe candle is still developing;
* Clean chart-based visualization with no signal logic.
How it works:
The indicator uses the selected higher timeframe to define candle open, high, low, close, start time, and end time. It then draws each candle as a chart object, including a candle body and a wick. The active candle updates as new price data appears.
This script does not generate buy or sell signals. It does not include strategy logic, alerts, backtesting, win-rate calculations, or performance projections. It is intended only as a visual charting tool for reading higher-timeframe candle structure.
Traders can use it as an additional visual reference together with their own analysis, market structure, risk management, and trading plan.
The script draws candles from a selected higher timeframe, such as 15m, 30m, 1H, 2H, 4H, Daily, Weekly, or Monthly. Each higher-timeframe candle is represented with its own body and wick, allowing traders to view larger candle structure without switching away from the current chart timeframe.
This can help with visual analysis of broader market context, including higher-timeframe candle direction, wick behavior, candle body size, and developing macro candle structure.
Main features:
* Higher-timeframe candle overlay on the current chart;
* Selectable candle timeframe;
* Bullish and bearish body color settings;
* Wick and border color settings;
* Adjustable body transparency;
* Automatic candle updating while the current higher-timeframe candle is still developing;
* Clean chart-based visualization with no signal logic.
How it works:
The indicator uses the selected higher timeframe to define candle open, high, low, close, start time, and end time. It then draws each candle as a chart object, including a candle body and a wick. The active candle updates as new price data appears.
This script does not generate buy or sell signals. It does not include strategy logic, alerts, backtesting, win-rate calculations, or performance projections. It is intended only as a visual charting tool for reading higher-timeframe candle structure.
Traders can use it as an additional visual reference together with their own analysis, market structure, risk management, and trading plan.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
CT Community from Lithuania: cryptoimperija.com
All content provided by Crypto Imperija is for informational and educational purposes only. Past performance does not guarantee future results.
All content provided by Crypto Imperija is for informational and educational purposes only. Past performance does not guarantee future results.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
CT Community from Lithuania: cryptoimperija.com
All content provided by Crypto Imperija is for informational and educational purposes only. Past performance does not guarantee future results.
All content provided by Crypto Imperija is for informational and educational purposes only. Past performance does not guarantee future results.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.