This indicator is also based on the "BTC Precognition" algorithm, only this time, I've visualized the results on all time frames (1min, 5min, 15min,...,1W). It is supposed to give you confidence in the signals the algorithm already offers.
How it works: The top blocks are the shorter time frames, whereas the bottom blocks are the longer time frames. As you can see, the signals gradually leak into the longer time frames when a trend is confirmed. I'm still trying to find patterns, but the most obvious to me was that the best entry is signaled when most blocks of the same color are stacked (marked on chart). Very good buy signals are often 7-8 green blocks (out of 10) in a row, whereas very good exit signals are 10/10 red blocks.
Note: For best results use Heikin Ashi.
This is still very much work-in-progress, so I'm only publishing it as a private build. PM me if you want to help test and improve it.
P.S. As it is with Trading View, accessing higher time frames can lead to repainting. After a lengthy debugging process, it looks like I fixed the repainting issue for higher time frames. However, now there's an issue with skewed calculations on the current time frame (selected time frame == block time frame), that I've only solved for the 1min chart so far (should be possible to fix on all). So please just keep that in mind. As it is now, I'd say everything is correctly displayed on the 1min chart only! You can verify this by refreshing the page and checking if any blocks changed. If they didn't, there's no repaint.
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Temporarilty repurposing this script for testing.
The indicator shows the deviation from the mean-line (black in top chart). As can be seen, you can identify horizontal as well as diagonal S/Rs to determine the maximum deviation from the mean line and thus you are able to catch knives and sell tops.
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Dev build of MTF Deviation
Notes de version
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Dev Branch - added some fancy new stuff for testing