This indicator is used to visualize timeframe continuity - a core concept of "The Strat" - along with some added logic for potential range limiters.
When discussing timeframe continuity, typically we are evaluating several timeframes to see if price is trading above or below the current open of each respective timeframe. If we are concerned with the 15m, 4h, and...
█ OVERVIEW
This script shows how a higher timeframe candle evolves over time.
It was created as a visual aid to #TheStrat and provides a new way of looking at Timeframe Continuity.
█ FEATURES
General
HTF: Higher Timeframe selection with dropdown and ability to manually input a timeframe that is not present in the dropdown.
Label: Show a label with...
![NQ1!: Timeframe Continuity Oscillator [TFO]](https://s3.tradingview.com/j/jqi9vPdw_mid.png "Timeframe Continuity Oscillator [TFO]")
![MSFT: [BM] HTF Candle Evolution](https://s3.tradingview.com/t/tSCibUFM_mid.png "[BM] HTF Candle Evolution")
