1H & 2H Candle Panel + Daily Grid v1.2

Indicator: "1H & 2H Candle Panel + Daily Grid v1.2"
This powerful indicator combines two key features into one tool:

Daily Grid anchored to the previous day’s close

Multi-Timeframe Candle Panel for comprehensive market analysis

1. Daily Grid Logic
Input:

Grid Distance (Points): Adjustable spacing between grid lines (default: 5.0 pts).

How It Works:

Detects the start of a new trading day using ta.change(time("D")).

Fetches the prior day’s close via request.security().

Draws the following elements at each new session:

Thick Red Line: Previous day’s closing price (key reference level).

8-Point Grid:

4 blue lines above the close (+1x to +4x the grid distance).

4 gold lines below the close (-1x to -4x the grid distance).

Info Label: Displays the exact prior close value.

Automatically clears and redraws all elements daily to avoid clutter.

2. Multi-Timeframe Candle Panel
Timeframes Analyzed:
Current chart TF, 30M, 1H, 2H, 3H, 4H, 6H, 12H, and Daily (1D).

Data Displayed per TF:

Open, Close, High, Low

Price Difference (Close − Open)

Candle Type (Bullish/Bearish)

Time remaining until candle close (hh:mm:ss format)

Visual Output:

A right-aligned table with conditional coloring:

Bullish candles: Green background

Bearish candles: Red background

Current timeframe highlighted in purple.

Optimized Updates:

Uses request.security() for efficient cross-TF data fetching.

Tracks candle closing times via TradingView’s native time_close.

Updates only on the last bar or in real-time (barstate.islast/isrealtime).

3. Confluence Signals
Full Confluence:
Triggers when all timeframes align:

Buy Signal: All candles bullish → Green arrow + alert.

Sell Signal: All candles bearish → Red arrow + alert.

1H Special Confluence:

Activates 30 minutes after the 1H candle opens.

Requires alignment between 1H, 4H, and 6H candles.

Marks entries with price-level arrows (no alerts).

4. Technical Optimizations
Performance:

Dynamically manages graphic objects (no redundant redrawing).

Uses arrays to track grid lines efficiently.

Precision:

Leverages TradingView’s time_close for accurate countdowns.

Formats prices with format.mintick for asset-specific precision.

How to Use
Adjust Grid Distance based on asset volatility.

Monitor the panel for multi-TF trend strength.

Use the daily grid as support/resistance reference.

Confluence signals highlight high-probability setups.

Pro Tip: Combine with volume analysis or RSI for confirmation!