A user-friendly tool designed for a quick visual preview of the next 5 candles on your trading chart.
Here's how to use it effortlessly:
Set Open Prices: Adjust the open prices for the upcoming 5 candles using the inputs labeled Next close #1 to Next close #5.
Toggle Candles: Use the checkboxes (p1 to p5) to enable or disable the drawing of each corresponding next candle.
Offset Option: Customize your preview by toggling the offset option: If offset is set to false, the drawing starts from the current candle's close, providing insight into the next 5 candles relative to the current one. If offset is set to true, the drawing begins with the next candle, offering a preview of the upcoming 5 candles, effectively skipping the current one.
Visual Representation: The indicator visually displays the next 5 candles on your chart based on your selected open prices, offering a clear and tailored insight into potential market movements.
릴리즈 노트
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Notes: - This tool only shows a preview of how would the next candles look on the chart - The user will select each candle close price (5 candles preview - 5 prices to select) - This is not a predictive indicator, but just a tool to help you visualize the next 5 candles based on your input
Hey a fewquick questions about the script. do we have to redraw the script again after the first 5 candles are generated? Does the script draw on its own at any point? Do we need to start 5 candles back to plot the 5 candles forward ? if possible could you do a v=screen recording using the tool or a step by step process, the tool gets a little confusing after the first 5 candles are plotted.
gigi_duru
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@hillroad, the idea is simple, just start with this: choose the price of the next candle open (look at it by choosing the price, not the time), then next candle open price, then next, and so on.
i3lazedis
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@gigi_duru, so if we wait for the candle to close to know the open price, doesnt this effectively just plot the candle that we are waiting to show next?? how will i know the close or open price for that matter 3,4, or 5 candles in the future?
gigi_duru
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@i3lazedis, this is a drawing tool, to help you visualize the next candles. Kind of like the ghost feed candle tool.