At the request of community members, I've enhanced the original code to create a single, versatile indicator. Users can now select specific timeframes to display: 1-hour, daily, weekly, and monthly. While the histograms for each timeframe aren’t separated yet, this version provides a practical solution for multi-timeframe analysis.
Customization Options:
- Adjust colors to match your charting preferences.
- Paid TradingView users can layer two instances: one for hourly/daily and another for weekly/monthly.
Dedicated to the legacy of Rob Smith, creator of TheStrat.
Key Features and Benefits
1. Custom Timeframe Selection
- Flexible Analysis: Toggle between 1-hour, daily, weekly, or monthly timeframes to align with your strategy.
- Seamless Integration: Track price action continuity across varying periods without switching charts.
2. High/Low Visual Markers
- Identify Key Levels: Enable markers to pinpoint highs/lows, aiding in spotting reversals or breakouts.
- Enhanced Decision-Making: Use these markers to validate entries/exits across multiple timeframes.
3. Dynamic Candle Display
- Color-Coded Trends: Customize candle colors to reflect bullish/bearish movements.
- Precision Clarity: Candles are scaled to your selected timeframe for sharper trend visualization.
How to Use the Indicator
Step 1: Setup
- Add the indicator to your chart.
- Checkmark desired timeframes (e.g., 1-hour + weekly).
Step 2: Monitor Continuity
- Intraday Traders: Compare hourly moves against daily trends.
- Swing Traders: Align weekly price action with monthly support/resistance.
Step 3: Validate Trades
- Avoid counter-trend trades by ensuring higher-timeframe confirmation.
👉 Master Multi-Timeframe Trading
Why This Indicator Matters
This tool embodies TheStrat’s core principle: timeframe continuity. By consolidating multi-period data into one view, it:
- Reduces Guesswork: Visualize momentum shifts across timeframes.
- Improves Adaptability: Scalpers and swing traders alike gain actionable insights.
- Honors Rob Smith’s Legacy: Simplifies applying TheStrat’s methodology to any market condition.
FAQs
Q1: Can I use this indicator for crypto trading?
A: Absolutely! The indicator works across asset classes, including cryptocurrencies.
Q2: How do I customize histogram colors?
A: Open the indicator settings and adjust the color palette under "Style."
👉 Optimize Your Charting Tools
Q3: Is there a mobile version?
A: Yes, it’s compatible with TradingView’s mobile app.
Final Tip: For deeper analysis, overlay this indicator with volume profiles or moving averages.