OPEN-SOURCE SCRIPT
Line Chart Shifted
This indicator is designed to assist traders who rely on both line charts and candlestick patterns in their technical analysis. By plotting the closing price from previous bars and shifting it left by a customizable amount, this indicator overlays a line chart directly onto a candlestick chart, giving traders a clearer view of trends and key levels.
Key Features:
Shifted Close Price: The line is plotted based on the closing prices of the previous 3 candles, providing an advanced view of the market's price movements.
Customizable Line Width and Color: Traders can easily modify the thickness and color of the line to match their charting style or improve visibility when analyzing price action.
How It Helps:
Combines Line and Candlestick Charts: For traders who analyze both line and candlestick charts, this indicator provides an effective way to see how price has been evolving, helping to identify support, resistance, and trend lines more easily.
Enhanced Visualization: By shifting the line slightly to the left, the overlay offers a clean separation between the current candlestick and the historical line, improving clarity and making it easier to spot trends.
Key Features:
Shifted Close Price: The line is plotted based on the closing prices of the previous 3 candles, providing an advanced view of the market's price movements.
Customizable Line Width and Color: Traders can easily modify the thickness and color of the line to match their charting style or improve visibility when analyzing price action.
How It Helps:
Combines Line and Candlestick Charts: For traders who analyze both line and candlestick charts, this indicator provides an effective way to see how price has been evolving, helping to identify support, resistance, and trend lines more easily.
Enhanced Visualization: By shifting the line slightly to the left, the overlay offers a clean separation between the current candlestick and the historical line, improving clarity and making it easier to spot trends.
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