Lower and Higher Timeframe Candles with Labels-AYNET

17 พ.ย.

How It Works
Input Parameters:

Users define:
LTF timeframe (e.g., 5m, 15m, 1H).
Time range (e.g., 9 AM to 5 PM) for candle visibility.
Candle colors for bullish, bearish, and wick.
Data Fetching:

The script fetches LTF candle data (open, high, low, close) using request.security.
Conditional Plotting:

Candles are plotted only if the current time falls within the specified range.
Dynamic Label:

A label with the LTF name is created and updated dynamically as the chart progresses.
Use Cases
Multi-Timeframe Analysis:
Analyze LTF price action within the context of a higher timeframe chart.
Session-Specific Focus:
Limit candle visibility to specific trading hours for better insights.
This script combines LTF visualization and a dynamic label for clear and actionable multi-timeframe analysis.