Beta Zones [MMT]

Beta Zones [MMT]

Overview
The Beta Zones [MMT] indicator is a multi-timeframe analysis tool designed to identify and visualize price ranges (zones) across different timeframes on a TradingView chart. It draws boxes to represent high and low price levels for each enabled timeframe, helping traders spot key support and resistance zones, track price movements, and assess market signals relative to these zones. The indicator is highly customizable, allowing users to toggle timeframes, adjust colors, and control historical visibility.

Features

• Multi-Timeframe Support: Tracks up to five user-defined timeframes (default: 15m, 1H, 4H, 1D, 1W) to display price zones.
  
• Dynamic Price Boxes: Draws boxes on the chart to represent the high and low prices for each timeframe, updating dynamically as new bars form.
  
• Signal Indicators: Provides directional signals (▲, ▼, →) based on the previous close relative to the current box's top and bottom.
  
• Customizable Display: Includes options to show or hide historical boxes, adjust box colors, and configure a summary table.
  
• Summary Table: Displays a table with timeframe status, price range, and signal information for quick reference.
  

Settings
Timeframes

• Enable/Disable: Toggle each timeframe (e.g., 15m, 1H, 4H, 1D, 1W) to display or hide its respective zones.
  
• Timeframe Selection: Choose custom timeframes for each of the five slots.
  
• Color Customization: Set unique fill and border colors for each timeframe's boxes (default colors: green, blue, orange, purple, red).
  

Display

• Max Historical Boxes: Limit the number of historical boxes per timeframe (default: 1, max: 50).
  
• Show History: Toggle visibility of historical boxes (default: false, showing only the latest box).
  
• Min Box Height: Ensures boxes have a minimum height in ticks (default: 1.0, currently hardcoded).
  

Table

• Show Table: Enable or disable the summary table (default: true).
  
• Background Color: Customize the table's background color.
  
• Header Color: Set the color for the table's header row.
  
• Text Color: Adjust the text color for table content.
  

Table Columns

• Timeframe: Displays the selected timeframe (e.g., 15m, 1H).
  
• Color: Shows the color associated with the timeframe's boxes.
  
• Status: Indicates if the timeframe is "Active" (valid and lower than the chart's timeframe), "Invalid" (enabled but not lower), or "Disabled".
  
• Range: Shows the price range (high - low) of the current box.
  
• Signal: Displays ▲ (price above box), ▼ (price below box), or → (price within box) based on the previous close.
  

How to Use

1. Add to Chart: Apply the indicator to your TradingView chart.
   
2. Configure Timeframes: Enable desired timeframes and adjust their settings (e.g., 15m, 1H) to match your trading strategy.
   
3. Analyze Zones: Use the boxes to identify key price levels for support, resistance, or breakout opportunities.
   
4. Monitor Signals: Check the table's "Signal" column to gauge price direction relative to each timeframe's zone.
   
5. Customize Appearance: Adjust colors and historical box visibility to suit your preferences.
   

Ideal For

• Swing Traders: Identify key price zones across multiple timeframes for entry/exit points.
  
• Day Traders: Monitor short-term price movements relative to higher timeframe zones.
  
• Technical Analysts: Combine with other indicators to confirm support/resistance levels.