This study displays the candlesticks of the upper timeframe, this provides a glance of the bigger picture in the current time frame by quickly and easily identifying the main OHLC levels.
In this example I am using the indicator twice on the 15 min chart, the first implementation displays the candles of the Daily timeframe and the second displays those of the weekly.
In this example I am using the indicator twice on the 15 min chart, the first implementation displays the candles of the Daily timeframe and the second displays those of the weekly.
// Hector R. Madrid :04/DEC/2014 : 16:45 : 1.0
// http://madridjourneyonws.blogspot.com/
// This study displays the candlesticks of the upper timeframe, this
// provides a view of the bigger picture in the current time frame.
// Ref. Pine programming tutorial
//
study("Madrid Upper OHLC", "MUpperOHLC", overlay=true)
highTimeFrame = input("D", type=resolution)
numBars = highTimeFrame
// Upper HLOC
upperHigh = security(tickerid, highTimeFrame, high)
upperLow = security(tickerid, highTimeFrame, low)
upperOpen = security(tickerid, highTimeFrame, open)
upperClose = security(tickerid, highTimeFrame, close)
newBar(res) => change(time(res)) != 0
// Output
upperH = plot(newBar(numBars)?upperHigh:upperHigh[1], style=circles, linewidth=1, color=orange)
upperL = plot(newBar(numBars)?upperLow:upperLow[1], style=circles, linewidth=1, color=orange)
upperO = plot(newBar(numBars)?upperOpen:upperOpen[1], style=circles, linewidth=1, color=red)
upperC = plot(newBar(numBars)?upperClose:upperClose[1], style=circles, linewidth=1, color=green)
fill(upperH, upperL, orange, transp=90)
fill(upperO,upperC, color=orange, transp=90)