█ OVERVIEW
The Bar Outlines indicator will automatically draw bars from higher time frames onto lower time frames, allowing traders to analyse multiple levels of information at a glance. This indicator is intended to assist traders by allowing them to see different depths of the market on one single chart, as well as to improve the clarity of other indicators that mirror higher time frame data.
The purpose of this script is to simplify the experience of users by allowing them to mirror bars from several higher time frame options onto lower time frame charts.
█ USAGE
Users can choose between several different time frames that they would like to have displayed on their lower time frame charts.
The colors of these bars are customizable, allowing users to distinguish between bullish and bearish bars, as well as making it easier to understand which time frame the bars are being mirrored from if they choose to mirror multiple time frames.
The mirrored bars also contain two sections. The main section is a solid section that represents the body of the higher time frame bar, and the secondary section is a border that represents the wick of the higher time frame bar, making it easier for the user to get all the information they need about the higher time frame bar at a glance.
█ SETTINGS
Configuration
- Max Bars to Display: Determines the number of higher time frame bars to draw on the chart. This number is for each higher time frame that the user has enabled, not the total.
5 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 5 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 5 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 5 minute time frame.
15 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 15 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 15 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 15 minute time frame.
30 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 30 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 30 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 30 minute time frame.
60 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 60 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 60 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 60 minute time frame.
240 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 240 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 240 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 240 minute time frame.
Daily (Higher Time Frame)
- Display (On/Off): Determines whether bars from the daily chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the daily time frame.
- Bearish Color: Determines the color of bearish bars drawn from the daily time frame.
The Bar Outlines indicator will automatically draw bars from higher time frames onto lower time frames, allowing traders to analyse multiple levels of information at a glance. This indicator is intended to assist traders by allowing them to see different depths of the market on one single chart, as well as to improve the clarity of other indicators that mirror higher time frame data.
The purpose of this script is to simplify the experience of users by allowing them to mirror bars from several higher time frame options onto lower time frame charts.
█ USAGE
Users can choose between several different time frames that they would like to have displayed on their lower time frame charts.
The colors of these bars are customizable, allowing users to distinguish between bullish and bearish bars, as well as making it easier to understand which time frame the bars are being mirrored from if they choose to mirror multiple time frames.
The mirrored bars also contain two sections. The main section is a solid section that represents the body of the higher time frame bar, and the secondary section is a border that represents the wick of the higher time frame bar, making it easier for the user to get all the information they need about the higher time frame bar at a glance.
█ SETTINGS
Configuration
- Max Bars to Display: Determines the number of higher time frame bars to draw on the chart. This number is for each higher time frame that the user has enabled, not the total.
5 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 5 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 5 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 5 minute time frame.
15 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 15 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 15 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 15 minute time frame.
30 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 30 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 30 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 30 minute time frame.
60 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 60 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 60 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 60 minute time frame.
240 Minute (Higher Time Frame)
- Display (On/Off): Determines whether bars from the 240 minute chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the 240 minute time frame.
- Bearish Color: Determines the color of bearish bars drawn from the 240 minute time frame.
Daily (Higher Time Frame)
- Display (On/Off): Determines whether bars from the daily chart are drawn on the current chart.
- Bullish Color: Determines the color of bullish bars drawn from the daily time frame.
- Bearish Color: Determines the color of bearish bars drawn from the daily time frame.
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