MTF Candles Price Levels: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

235 lines of Pine Script v5 from Tradingview/mtf-candles-price-levels.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

mtf-candles-price-levels.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
indicator("MTF Candles Price Levels", overlay = true)

// @keywords: mtf-price-levels, daily-open-offset, prior-close-offset, add-on-lines, custom-candle-styles, first-candle-highlight, wick-ratio-candles, doji-detection, top-wick-signal, bottom-wick-signal, level-touch-alerts, extend-today-lines, premarket-handling, barcolor-candles, plotcandle-rendering, session-first-bar, wick-to-body-ratio, combined-wick-level, doji-alert, new-day-reset


hide_on_daily = timeframe.isdwm ? true : false

//inputs
timeframe = input.timeframe('D', title = 'Time Period', group = 'Settings')
add_on_one = input.float(5.00, title = 'Add On #1', group = 'Settings')
add_on_two = input.float(10.00, title = 'Add On #2', group = 'Settings')
show_previous_days = input.bool(true, title = 'Show Previous Days', group = 'Settings')
extend_today = input.bool(false, title = 'Extend Today Across Chart', group = 'Settings')

// barcolor(session.ispremarket ? color.yellow : color.black)

todays_o = request.security(syminfo.tickerid, timeframe, open, lookahead = barmerge.lookahead_on)
todays_c = request.security(syminfo.tickerid, timeframe, close, lookahead = barmerge.lookahead_on) //because it doesnt plot on PM correctly
yesterdays_c = request.security(syminfo.tickerid, timeframe, close[1], lookahead = barmerge.lookahead_on)

today_open = session.ispremarket ? na : todays_o
y_close = session.ispremarket ? todays_c : yesterdays_c

plot_cond = not hide_on_daily and show_previous_days

//colors
one_color = input.color(color.new(color.yellow,0), title = 'One Color', group = 'Visual Settings')
two_color = input.color(color.new(color.yellow,0), title = 'Two Color', group = 'Visual Settings')

yc0_color = input.color(color.new(color.orange,0), title = 'yc0 Color', group = 'Visual Settings')
yc1_color = input.color(color.new(color.orange,0), title = 'yc1 Color', group = 'Visual Settings')

new_day = dayofmonth != dayofmonth[1]


//plots
one_plot = plot(plot_cond ? today_open + add_on_one : na, title = 'One', style = plot.style_linebr, color=session.ispremarket or new_day ? color.new(#000000,100) : one_color, editable = false)
two_plot = plot(plot_cond ? today_open + add_on_two : na, title = 'Two', style = plot.style_linebr, color=session.ispremarket or new_day ? color.new(#000000,100) : two_color, editable = false)

yc0_plot = plot(plot_cond ? y_close + add_on_one : na, title = 'yC0', style = plot.style_linebr, color= new_day ? color.new(#000000,100) : yc0_color, editable = false)
yc1_plot = plot(plot_cond ? y_close + add_on_two : na, title = 'yC1', style = plot.style_linebr, color= new_day ? color.new(#000000,100) : yc1_color, editable = false)


if extend_today

    one_line = line.new(x1=bar_index - 10, x2=bar_index, y1=today_open + add_on_one, y2=today_open + add_on_one, xloc=xloc.bar_index, width=1, color=one_color, extend=extend.both, style=line.style_solid)
    line.delete(one_line[1])
    
    two_line = line.new(x1=bar_index - 10, x2=bar_index, y1=today_open + add_on_two, y2=today_open + add_on_two, xloc=xloc.bar_index, width=1, color=two_color, extend=extend.both, style=line.style_solid)
    line.delete(two_line[1])

    yc0_line = line.new(x1=bar_index - 10, x2=bar_index, y1=y_close + add_on_one, y2=y_close + add_on_one, xloc=xloc.bar_index, width=1, color=yc0_color, extend=extend.both, style=line.style_solid)
    line.delete(yc0_line[1])

    yc1_line = line.new(x1=bar_index - 10, x2=bar_index, y1=y_close + add_on_two, y2=y_close + add_on_two, xloc=xloc.bar_index, width=1, color=yc1_color, extend=extend.both, style=line.style_solid)
    line.delete(yc1_line[1])



// candle color settings
default_bullbody        = input.color(color.new(#ffffff, 100), title = 'Bull Body', group = 'Default Candles')
default_bulloutline     = input.color(color.new(#007633, 0), title = 'Bull Outline', group = 'Default Candles')
default_bullwick        = input.color(color.new(#007633,0), title = 'Bull Wick', group = 'Default Candles')

default_bearbody        = input.color(color.new(#ffffff, 100), title = 'Bear Body', group = 'Default Candles')
default_bearoutline     = input.color(color.new(#8c2830, 0), title = 'Bear Outline', group = 'Default Candles')
default_bearwick        = input.color(color.new(#8c2830,0), title = 'Bear Wick', group = 'Default Candles')


// first candle of day settings
_color_firsts         = input.bool(true, title = 'Color First Candles', group = 'First Candles')
first_time            = input.session("0930-0931", title = 'First Candle Time (EST.)', group = 'First Candles')
first_bullbody        = input.color(color.new(#20ff36, 0), title = 'Bull Body', group = 'First Candles')
first_bulloutline     = input.color(color.new(#2f7736, 0), title = 'Bull Outline', group = 'First Candles')
first_bullwick        = input.color(color.new(#2f7736,0), title = 'Bull first', group = 'First Candles')

first_bearbody        = input.color(color.new(#ff2989, 0), title = 'Bear Body', group = 'First Candles')
first_bearoutline     = input.color(color.new(#a42525, 0), title = 'Bear Outline', group = 'First Candles')
first_bearwick        = input.color(color.new(#a42525,0), title = 'Bear first', group = 'First Candles')


// wick settings
_wickratio_size = input.float(1.1, title = 'Wick Compared Against Body Ratio', group = 'Wick Candles')
_wicktowickratio_size = input.float(1.1, title = 'Wick Compared Against Opposite Wick Ratio', group = 'Wick Candles', minval = 1.0)
wick_bullbody        = input.color(color.new(#7cf1ff, 0), title = 'Bull Body', group = 'Wick Candles')
wick_bulloutline     = input.color(color.new(#7cf1ff, 0), title = 'Bull Outline', group = 'Wick Candles')
wick_bullwick        = input.color(color.new(#7cf1ff,0), title = 'Bull Wick', group = 'Wick Candles')

wick_bearbody        = input.color(color.new(#ffeb3b, 0), title = 'Bear Body', group = 'Wick Candles')
wick_bearoutline     = input.color(color.new(#ffeb3b, 0), title = 'Bear Outline', group = 'Wick Candles')
wick_bearwick        = input.color(color.new(#ffeb3b,0), title = 'Bear Wick', group = 'Wick Candles')


// doji settings
_color_dojis = input.bool(true, title = 'Color Doji Candles', group = 'Doji Candles')
_dojiratio_size = input.float(1.0, title = 'Wick Compared Against Body Ratio', group = 'Doji Candles')
_dojitodojiratio_size = input.float(1.0, title = 'Wick Compared Against Opposite Wick Ratio', group = 'Doji Candles')
doji_body        = input.color(color.new(#2962ff, 0), title = 'Doji Body', group = 'Doji Candles')
doji_outline     = input.color(color.new(#2962ff, 0), title = 'Doji Outline', group = 'Doji Candles')
doji_wick        = input.color(color.new(#2962ff,0), title = 'Doji Wick', group = 'Doji Candles')


// first candle calculations
var bool is_first_candle = na
var bool first_candle_bull = na 
var bool first_candle_bear = na 
is_first_candle := time('', first_time, 'America/New_York') and _color_firsts
first_candle_bull := is_first_candle and close >= open
first_candle_bear := is_first_candle and close < open
// bgcolor(is_first_candle ? color.yellow : na)


// wick calculations
var float body_size = na
var float topwick_size = na
var float bottomwick_size = na
var float wick_size = na
var float body_wick_ratio = na

var bool top_wicked = na
var bool bottom_wicked = na

body_size := math.abs(close-open)
topwick_size := high - math.max(close,open)
bottomwick_size := math.min(close,open) - low
wick_size := topwick_size + bottomwick_size
body_wick_ratio := wick_size / body_size

_candleSignalBodySize = input.float(0.01, title = 'Signal Body Size', group = 'Candle Signal Value')

signal_bodysize = math.abs(high - low)/low

top_wicked := barstate.isconfirmed and (topwick_size/body_size) >= _wickratio_size and (topwick_size/bottomwick_size >= _wicktowickratio_size and signal_bodysize > _candleSignalBodySize)
bottom_wicked := barstate.isconfirmed and (bottomwick_size/body_size) >= _wickratio_size and (bottomwick_size/topwick_size >= _wicktowickratio_size and signal_bodysize > _candleSignalBodySize)


// doji calculations
var bool is_doji = na
is_doji := barstate.isconfirmed and _color_dojis and math.min(topwick_size/body_size, bottomwick_size/body_size) >= _wickratio_size and (math.max(topwick_size/bottomwick_size, bottomwick_size/topwick_size) <= _dojitodojiratio_size)
// bgcolor(is_doji ? color.yellow : na)


// color calculations
var color css_body = na
var color css_wick = na
var color css_outline = na
var bool  bullish_candle = na
var bool  bearish_candle = na

bullish_candle := close > open
bearish_candle := close < open

css_body := first_candle_bull ? first_bullbody : 
 first_candle_bear ? first_bearbody :
 is_doji ? doji_body : 
 top_wicked ? wick_bearbody : 
 bottom_wicked ? wick_bullbody : 
 bullish_candle ? default_bullbody : 
 bearish_candle ? default_bearbody : 
 default_bullbody

css_wick := first_candle_bull ? first_bullwick : 
 first_candle_bear ? first_bearwick :
 is_doji ? doji_wick : 
 top_wicked ? wick_bearwick : 
 bottom_wicked ? wick_bullwick : 
 bullish_candle ? default_bullwick : 
 bearish_candle ? default_bearwick : 
 default_bullwick

css_outline := first_candle_bull ? first_bulloutline : 
 first_candle_bear ? first_bearoutline :
 is_doji ? doji_outline : 
 top_wicked ? wick_bearoutline : 
 bottom_wicked ? wick_bulloutline : 
 bullish_candle ? default_bulloutline : 
 bearish_candle ? default_bearoutline : 
 default_bulloutline

plotcandle(open,high,low,close,title='Custom Candles', color = css_body, wickcolor = css_wick, bordercolor = css_outline)


// alerts
alertcondition(is_doji, 'Doji Candle', 'Doji Candle')
alertcondition(bottom_wicked, 'Bottom Wicked', 'Bottom Wicked')
alertcondition(top_wicked, 'Top Wicked', 'Top Candlwicked')





// combined logic
// one_plot = plot(plot_cond ? today_open + add_on_one : na, title = 'One', style = plot.style_linebr, color=session.ispremarket or new_day ? color.new(#000000,100) : one_color, editable = false)
// two_plot = plot(plot_cond ? today_open + add_on_two : na, title = 'Two', style = plot.style_linebr, color=session.ispremarket or new_day ? color.new(#000000,100) : two_color, editable = false)

// yc0_plot = plot(plot_cond ? y_close + add_on_one : na, title = 'yC0', style = plot.style_linebr, color= new_day ? color.new(#000000,100) : yc0_color, editable = false)
// yc1_plot = plot(plot_cond ? y_close + add_on_two : na, title = 'yC1', style = plot.style_linebr, color= new_day ? color.new(#000000,100) : yc1_color, editable = false)

var bool touchOne = false
var bool touchTwo = false
var bool yc0 = false
var bool yc1 = false

touchOneCond = high >= today_open + add_on_one and low <= today_open + add_on_one
touchTwoCond = high >= today_open + add_on_two and low <= today_open + add_on_two
yc0Cond = high >= y_close + add_on_one and low <= y_close + add_on_one
yc1Cond = high >= y_close + add_on_two and low <= y_close + add_on_two

touchOne := touchOneCond 
touchTwo := touchTwoCond 
yc0 := yc0Cond 
yc1 := yc1Cond 


// CREATE alerts
var bool topWick_touch = false
var bool botWick_touch = false
var bool doji_touch = false


topWick_touch := top_wicked and (touchOneCond or touchTwoCond or yc0Cond or yc1Cond)
botWick_touch := bottom_wicked and (touchOneCond or touchTwoCond or yc0Cond or yc1Cond)
doji_touch := is_doji and (touchOneCond or touchTwoCond or yc0Cond or yc1Cond)


alertcondition(is_doji, 'Doji Candle & Level', 'Doji Candle & Level')
alertcondition(bottom_wicked, 'Bottom Wicked & Level', 'Bottom Wicked & Level')
alertcondition(topWick_touch, 'Top Wicked & Level', 'Top Wicked & Level')

bgcolor(topWick_touch or botWick_touch or doji_touch ? color.new(color.white,90) : na)

Overview

MTF Candles Price Levels fetches higher-timeframe open and close prices to calculate configurable offset levels above key prices. Additional features include session first-candle highlighting and wick-to-body ratio candle color coding. Inputs allow adjusting the higher timeframe, offset values, and line extension behavior. Note that higher-timeframe data is fetched using lookahead mode on historical bars.

Multi-timeframe open and close price levels
Configurable price offset add-on lines
Session opening candle highlighting
Wick-to-body ratio candle coloring
Horizontal line extension across chart

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

M1-M5, M15-H1

Risk Notes

Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

File

Tradingview/mtf-candles-price-levels.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Time Period	`timeframe`	`D`	`timeframe`
Add On #1	`float`	`5.00`	`add_on_one`
Add On #2	`float`	`10.00`	`add_on_two`
Show Previous Days	`bool`	`true`	`show_previous_days`
Extend Today Across Chart	`bool`	`false`	`extend_today`
One Color	`color`	`color.new(color.yellow,0)`	`one_color`
Two Color	`color`	`color.new(color.yellow,0)`	`two_color`
yc0 Color	`color`	`color.new(color.orange,0)`	`yc0_color`
yc1 Color	`color`	`color.new(color.orange,0)`	`yc1_color`
Bull Body	`color`	`color.new(#ffffff, 100)`	`default_bullbody`
Bull Outline	`color`	`color.new(#007633, 0)`	`default_bulloutline`
Bull Wick	`color`	`color.new(#007633,0)`	`default_bullwick`

Show all 38 settings

Setting	Type	Default	Variable
Bear Body	`color`	`color.new(#ffffff, 100)`	`default_bearbody`
Bear Outline	`color`	`color.new(#8c2830, 0)`	`default_bearoutline`
Bear Wick	`color`	`color.new(#8c2830,0)`	`default_bearwick`
Color First Candles	`bool`	`true`	`_color_firsts`
First Candle Time (EST.)	`session`	`0930-0931`	`first_time`
Bull Body	`color`	`color.new(#20ff36, 0)`	`first_bullbody`
Bull Outline	`color`	`color.new(#2f7736, 0)`	`first_bulloutline`
Bull first	`color`	`color.new(#2f7736,0)`	`first_bullwick`
Bear Body	`color`	`color.new(#ff2989, 0)`	`first_bearbody`
Bear Outline	`color`	`color.new(#a42525, 0)`	`first_bearoutline`
Bear first	`color`	`color.new(#a42525,0)`	`first_bearwick`
Wick Compared Against Body Ratio	`float`	`1.1`	`_wickratio_size`
Wick Compared Against Opposite Wick Ratio	`float`	`1.1`	`_wicktowickratio_size`
Bull Body	`color`	`color.new(#7cf1ff, 0)`	`wick_bullbody`
Bull Outline	`color`	`color.new(#7cf1ff, 0)`	`wick_bulloutline`
Bull Wick	`color`	`color.new(#7cf1ff,0)`	`wick_bullwick`
Bear Body	`color`	`color.new(#ffeb3b, 0)`	`wick_bearbody`
Bear Outline	`color`	`color.new(#ffeb3b, 0)`	`wick_bearoutline`
Bear Wick	`color`	`color.new(#ffeb3b,0)`	`wick_bearwick`
Color Doji Candles	`bool`	`true`	`_color_dojis`
Wick Compared Against Body Ratio	`float`	`1.0`	`_dojiratio_size`
Wick Compared Against Opposite Wick Ratio	`float`	`1.0`	`_dojitodojiratio_size`
Doji Body	`color`	`color.new(#2962ff, 0)`	`doji_body`
Doji Outline	`color`	`color.new(#2962ff, 0)`	`doji_outline`
Doji Wick	`color`	`color.new(#2962ff,0)`	`doji_wick`
Signal Body Size	`float`	`0.01`	`_candleSignalBodySize`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

Similar Pine Scripts

Daily Weekly Monthly Yearly Opens

by iamc1oud

56

This overlay indicator highlights candles with a body smaller than 50% of their total range by coloring them white on the price chart. Simultaneously, it calculates and plots horizontal lines for open prices across multiple higher timeframes, such as daily, we

Indicator v6 Support & resistanceCandlestick patterns Repaints

Updated 2 months ago · None stated

Multi-Ticker Anchored Candles

by eddiebelaval

7

Multi-Ticker Anchored Candles overlays up to three user-selected symbols on the price chart as candles anchored to a chosen period, which defaults to the daily timeframe. Each symbol has its own color and an on or off toggle. Optional drawings mark session bre

Indicator v6 Candlestick patternsSessions & time

Updated 3 months ago · None stated

3-Candle Time Pattern

by alboogycOdR

6

This indicator detects three-candle time patterns on the price chart, tracking range, manipulation, and distribution phases based on Smart Money Concepts. It establishes high and low boundaries from the opening candle and identifies boundary rejections during

Indicator v5 SMC / ICT / price actionCandlestick patterns

Updated 7 months ago · None stated

BPA [yohtza]

by forecho

5

This indicator plots key session-based price action reference levels on the price chart. It calculates and displays the current session open, previous day close, Globex session high and low, weekly open, and higher-timeframe boundaries. It also supports bar co

Indicator v6 Sessions & timeSupport & resistance

Updated 8 weeks ago · None stated

TheStrat Suite

by 345-strategies

5

TheStrat Suite is a multi-timeframe price action indicator implementing Rob Smith's TheStrat methodology. It calculates bar classifications for inside bars, hammers, shooters, failed 2s and outside bars across configurable timeframes. The indicator detects sig

Indicator v6 SMC / ICT / price actionCandlestick patterns Repaints

Updated 2 days ago · MPL-2.0

TradeKit

by tanishq-rocks

5

TradeKit is an all-in-one technical analysis indicator that consolidates multiple chart overlays into a single script on the price chart. It plots up to four customizable moving averages (SMA, EMA, SMMA, WMA, or VWMA), Bollinger Bands, VWAP, and reference leve

Indicator v6 Moving averagesCandlestick patterns

Updated 3 months ago · MPL-2.0

More indicators

MTF Candles Price Levels