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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.