OPEN-SOURCE SCRIPT

HighLow Boxes

702
Designed to visualize higher time frame (HTF) candles on a lower time frame (LTF) chart, specifically for Forex or other trading instruments. It draws boxes around the HTF candle's high, low, and body, offering a clear graphical representation of price action for easier analysis. The script provides customization options for box colors, line styles, and display preferences such as including body ranges or adding midlines. Additionally, it features a 50% horizontal line at the midpoint of each box to highlight the center of price action for better trading decisions. The script works with any time frame interval, but the effectiveness might decrease with non-divisible time intervals (e.g., a 2-minute chart with a 5-minute HTF).

면책사항

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