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Kal's MTF OBV Haar Version 3Kal’s Multi-Time-Frame On-Balance-Volume Haar, also known as Kal’s MTF OBV Haar is a method/study for finding trending volume levels on stocks, indexes and cryptocurrencies using OBV, CMF and CCI over different time-frames (10Min, 1H, 4H, 1D, 1W, 1Month).
Upon adding to the 10Min chart, the sample Image in Tradingview looks as follows:
Note: Always check your time-frame(TF). Compare current TF to a row’s(bead row’s) time-frame. Ensure current TF is lower than a row’s time-frame when looking at it and higher time-frame rows above it. For instance, if you choose your chart’s time-frame at 1D, the lower time-frame rows(i.e. 10Min, 1H, 4H) don’t make sense.
For cryptocurrencies, one week is 7 periods, two weeks is 14 periods
For stocks, one week is 5 periods, two weeks is 10 periods
For the study of stocks, I used
9-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
4-period EMA over OBV for time-frames (W, M)
For the study of cryptocurrencies, I would update EMAs as follows:
13-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
6-period EMA over OBV for time-frames (W, M)
These days I'm finding the following parameters have better fitting
19-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
9-period EMA over OBV for time-frames (W, M)
Description:
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In the study plot, the lowest row is 10Min, the row above 10Min is 1H, then 4H, then 1D, then 1W and the highest row is 1M
Note: Always check your time-frame(TF). Compare current TF to a row’s(bead row’s) time-frame. Ensure current TF is lower than a row’s time-frame when looking at it and higher time-frame rows above it. For instance, if you choose your chart’s time-frame at 1D, the lower time-frame rows(i.e. 10Min, 1H, 4H) don’t make sense.
Lime( Bright Green) dot implies Trending Uptrend for that time-frame
Red dot implies Trending Downward for that time-frame
It’s best to wait and research for possibility of Trend Reversal during the following dots/bricks:
Silver dot implies indecisive up
Orange dot implies indecisive downtrend
Lime Brick implies CCI is near Zero line( between 15 and 0)
Red Brick implies CCI is near Zero line( between -15 and 0)
Purple dot implies CCI zero rejection to possibly/probably continue trend UP
Yellow dot implies CCI zero rejection to possibly/probably continue trend Down
Aqua dot implies that trend is overbought or oversold. This dot usually happens between red dots or green dots. Therefore, it’s best to wait for pull-back especially in lower time frames.
Safe Trading!
Kal Gandikota
Legal Disclaimer: This script is published here so I get replies from fellow viewers to educate myself. Hence, if anyone uses this script for making their financial decisions, I am not responsible for any failures incurred. If you have questions or improvements related to this script, please feel free to leave comments and as time permits, will respond to those comments. Indicator
Higher Timeframe Trend Indicator V3.0What is it?
An indicator that depicts the trend of up to 5 higher timeframes on the same chart without needing to context-switch between charts.
Features
- Supports up to 5 timeframes
- Trends indicated by 5 colored buttons: one for each timeframe
- Varying shades of green: uptrend
- Varying shades of red: downtrend
- White/silver: sideways/neutral
- Configurable length (time period) for each timeframe
- Increase length to capture long term trends; decrease it to capture only short term ones
- Configurable sensitivity for each timeframe
- Sensitivity determines what angle is considered trending and what is not
- Increase sensitivity to capture weak trends
- Decrease sensitivity to filter out weak trends and capture only strong/steep ones
- Sensitivity ranges from 1 (least sensitive) to 3 (most sensitive)
- Move the labels around vertically for better visibility by changing the "Location" and "Offset" parameters
How should one use it?
Use it to quickly browse through charts to understand the context across timeframes, and zero in on only those that have trends aligning on the higher and lower timeframes as per your strategy. For e.g., a chart that is trending up strongly on the 15min and 60min (indicated by dark green colored buttons), and trending down on the 1 and/or 5 min (indicated by red-colored buttons), can be shortlisted for a potential pullback trade. Use your favorite pullback strategy (Supply/Demand, Support/Resistance, Moving Averages, etc.) to hop in on the trend.
How are trends determined?
The indicator uses normalized %change in price of the linear regression line segment of the chosen price sources (close, high, low, MA, etc.) over a specified length to determine trend direction and intensity
Known Issues
Will indicate the trend correctly only for timeframes *higher* than the current (visible) resolution/timeframe of the chart. Might not indicate it correctly for lower timeframes ( i.e., lower than the current (visible) resolution/timeframe of the chart). For this reason, all timeframes lower than the current resolution will be hidden in the present release.
Future releases
- I am still experimenting with various sensitivity levels and the corresponding trend shades to make the tool as accurate and intuitive as possible. These modifications might come in
- Sensitivity levels might be increased.
- Bug fixes, if any
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Support Resistance MTFHello Traders,
This is Support Resistance script that uses Multi Time Frame. While getting Close/Open/High/Low values of Higher Time Frames the script does NOT use Security function , instead it calculates them.
while choosing Higher Time Frame, you can use "Auto" option so it uses predefined Higher Time Frames, or you can choose the Higher Time Frame Manually from the list. options for HTF => 15mins, 30mins, 60mins, 120mins, 180mins, 240mins, 720mins, Day, Week, 2 Weeks, Months, 3 Months, 6 Months, 12 Months.
You have option to use High/Low or Close/Open values while calculating support resistance levels.
"Period for Highest/Lowest Bars" option is used as loopback period to check if it's Highest/lowest bars. smaller numbers = more sensitive result.
You have option for transparency and coloring of support/resistance levels/zone => Red, Lime, Blue, White, Black, Olive, Gray
An example for 15 min chart, 4hours selected as HTF
You can set transparency and colors as you wish:
You can choose Close/Open prices while calculating S/R levels instead of High/Low
Enjoy! Indicator
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