Works on any Time Frame, and all assets, checkbox for Higher or Lower TF in settings
This indicator change the color of the candles and can highlight the background, when various level of indicators reach a certain level.
We have added the option for you to choose if you want to see the indicator from a different resolution/TimeFrame that the one you are working on.
This indicator, draw and plot everythings live
Candle Color meaning:
Yellow : SUPER OverBought Area
Green : OverBought Area
Marroon : OverSold Area
White : SUPER OverSold Area
Green : Area
Dark Green : Start of Area
Orange : Start of Area
Red : Area
Alerts - Alarms
Various alerts, when candle are changing color have been pre-program and can be set in the Alerts Panel:
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.