Timeframe Marker - know when timeframes start/end
When you're on a lower timeframe, it's important to know which timeframes are starting/ending.
Timeframe Marker will display a bars that stack notifying you of your chosen timeframes.
For example, if you're on the one minute chart or another low timeframe, you'll be aware of the larger timeframes are about to begin or start.
It's always good to select the lowest timeframe first in ascending order so that the lowest bar is the lowest timeframe and bars that stack on top are larger timeframes.
The default timeframes are:
• 5 minutes (green)
• 15 minutes (yellow)
• 1 hour (orange)
• 4 hour (red)
• daily (blue)
• weekly (purple)
• monthly (gray)
If your chart's timeframe is higher than the timeframe marker you've selected, then it won't display a bar stack for that timeframe as it would normally display on every bar (this is to avoid clutter).
The future timeframe marks basically will offset to future timeframes. Set how many bars forward you'd like to see.
Timeanalyze
Trend LengthScript tries to capture the length of trends. It calculates an SMA and then determines the slope of the SMA using a simple momentum function. From there it counts bars from when the slope changed directions last. The lime green line is the count from when the slope changed. The yellow line is the average time of a trend. The white line is "trying" to capture the length of a full healthy pip running trend. Pick and SMA you like and then run through many currencies. I find that trends tend to be the same length. Not surprising as the markets are extremely correlated to each other. The trick is to find the most active pair for action. To do that look up my Pairs Range script.
Comments are welcome.
