INVITE-ONLY SCRIPT
Wizard Trend vz Trend

To use this , follow these steps:
Customizing the Timeframes:
Once the indicator is applied to the chart:
Click the Settings (gear icon) of the indicator in the Indicators pane.
You'll see input options that allow you to customize the timeframes:
Lower Line Timeframe Column: This is the first (lower) timeframe column on the table (for example, "1" minute, "5" minutes, etc.).
Higher Bar Timeframe Column: This is the second (higher) timeframe column on the table (for example, "30" minutes, "1 Hour", etc.).
Set the timeframes to your desired values. For example:
Set Lower Line Timeframe Column to "1" for 1 minute.
Set Higher Bar Timeframe Column to "30" for 30 minutes.
Note: You can choose from any available timeframes, such as 1 minute, 2 minutes, 5 minutes, 10 minutes, 15 minutes, 30 minutes, etc.
. Reading the Table Data:
The indicator will show a table on the chart with the following columns:
Timeframe: The timeframe selected for each row (for example, "1 Min" or "30 Min").
Candle Trend: Displays an up (⬆) or down (⬇) arrow depending on whether the close is greater than the open for the given timeframe.
Bar Fill (%): The percentage of the bar that is filled, calculated based on the bar's open, close, high, and low values.
Bar Visual: A visual representation of the bar (filled with color depending on the trend direction).
Distance (High/Low): The calculated distance between the low of the lower timeframe and the high of the higher timeframe, and vice versa.
. Using the Table for Analysis:
Monitor Trends: You can use the arrows and colors in the Candle Trend and Bar Visual columns to quickly assess the trend direction across multiple timeframes.
Bar Fill: The Bar Fill (%) can help you see how much of the bar is filled, which can be an indicator of the strength of the price move.
Distance (High/Low): The Distance (High/Low) values help compare the range of lower timeframes to the higher timeframe, which could indicate potential support and resistance levels or volatility between different timeframes.
. Adjusting Settings:
You can easily adjust the input timeframes by going to the Settings of the indicator and modifying the timeframes to suit your trading style.
The table will automatically update with the new data after adjusting the timeframes.
. Removing the Indicator:
If you want to remove the indicator from your chart, simply click on the trash icon next to the indicator in the Indicators pane.
Example of Practical Use:
Scalpers or Day Traders: You might use a 1-minute timeframe for precise entries and a 30-minute timeframe to confirm the overall trend. The table helps you see both timeframes at once, so you can make informed decisions.
Swing Traders: You could use longer timeframes (e.g., 5-minute for quick moves and 1-hour or 4-hour for trend confirmation) to spot trends and potential reversal points.
This tool is valuable for understanding price action across multiple timeframes and helps traders quickly analyze short-term and long-term trends simultaneously.
"Disclaimer: This indicator is intended for educational purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own research and consult with a licensed financial advisor before making any trading decisions."
Customizing the Timeframes:
Once the indicator is applied to the chart:
Click the Settings (gear icon) of the indicator in the Indicators pane.
You'll see input options that allow you to customize the timeframes:
Lower Line Timeframe Column: This is the first (lower) timeframe column on the table (for example, "1" minute, "5" minutes, etc.).
Higher Bar Timeframe Column: This is the second (higher) timeframe column on the table (for example, "30" minutes, "1 Hour", etc.).
Set the timeframes to your desired values. For example:
Set Lower Line Timeframe Column to "1" for 1 minute.
Set Higher Bar Timeframe Column to "30" for 30 minutes.
Note: You can choose from any available timeframes, such as 1 minute, 2 minutes, 5 minutes, 10 minutes, 15 minutes, 30 minutes, etc.
. Reading the Table Data:
The indicator will show a table on the chart with the following columns:
Timeframe: The timeframe selected for each row (for example, "1 Min" or "30 Min").
Candle Trend: Displays an up (⬆) or down (⬇) arrow depending on whether the close is greater than the open for the given timeframe.
Bar Fill (%): The percentage of the bar that is filled, calculated based on the bar's open, close, high, and low values.
Bar Visual: A visual representation of the bar (filled with color depending on the trend direction).
Distance (High/Low): The calculated distance between the low of the lower timeframe and the high of the higher timeframe, and vice versa.
. Using the Table for Analysis:
Monitor Trends: You can use the arrows and colors in the Candle Trend and Bar Visual columns to quickly assess the trend direction across multiple timeframes.
Bar Fill: The Bar Fill (%) can help you see how much of the bar is filled, which can be an indicator of the strength of the price move.
Distance (High/Low): The Distance (High/Low) values help compare the range of lower timeframes to the higher timeframe, which could indicate potential support and resistance levels or volatility between different timeframes.
. Adjusting Settings:
You can easily adjust the input timeframes by going to the Settings of the indicator and modifying the timeframes to suit your trading style.
The table will automatically update with the new data after adjusting the timeframes.
. Removing the Indicator:
If you want to remove the indicator from your chart, simply click on the trash icon next to the indicator in the Indicators pane.
Example of Practical Use:
Scalpers or Day Traders: You might use a 1-minute timeframe for precise entries and a 30-minute timeframe to confirm the overall trend. The table helps you see both timeframes at once, so you can make informed decisions.
Swing Traders: You could use longer timeframes (e.g., 5-minute for quick moves and 1-hour or 4-hour for trend confirmation) to spot trends and potential reversal points.
This tool is valuable for understanding price action across multiple timeframes and helps traders quickly analyze short-term and long-term trends simultaneously.
"Disclaimer: This indicator is intended for educational purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own research and consult with a licensed financial advisor before making any trading decisions."
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本,且通常需付費。您可以將此腳本加入收藏,但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情,請依照作者說明或直接聯繫WIZARDTRENDS。
請注意,此私人、僅限邀請的腳本尚未經過腳本管理員審核,其是否符合社群規範尚無定論。 除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
FEEL FREE TO REACH US
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
Contact me directly on TradingView , for purchasing and indicator guides please check here wizardtrends.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本,且通常需付費。您可以將此腳本加入收藏,但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情,請依照作者說明或直接聯繫WIZARDTRENDS。
請注意,此私人、僅限邀請的腳本尚未經過腳本管理員審核,其是否符合社群規範尚無定論。 除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
FEEL FREE TO REACH US
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
Contact me directly on TradingView , for purchasing and indicator guides please check here wizardtrends.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。