MTF Highs and Lows
Last updated
Last updated
The MTF Highs & Lows feature (Multi-Timeframe Highs and Lows) displays key high and low levels and it's mean from multiple timeframes on a single chart, providing a comprehensive view of significant support and resistance areas. Here’s a breakdown:
This tool plots the previous high and low and it's mean levels from various timeframes, such as daily, weekly, monthly, quarterly, and yearly, directly onto the current chart. These levels represent significant points where price may react, pause, or reverse, as they are areas of historical buying and selling interest across different timeframes.
Support and Resistance Identification: Each timeframe's high and low can act as strong support or resistance areas, especially in intraday or multi-day trading.
Trend Analysis: These levels help traders quickly assess if price is approaching a key zone where trend direction may change.
Confluence Points: Overlapping levels from different timeframes indicate areas of strong support or resistance, providing high-confidence zones for potential trades.
Timeframes:
Options for Daily, Weekly, Monthly, Quarterly, and Yearly high/low levels.
Each timeframe has its own toggle, allowing you to enable or disable specific levels based on your analysis needs.
Customizable Colors:
Each timeframe level can be assigned a unique color, making it easy to distinguish between levels from different timeframes.
Line Width & Style:
You can adjust the strength (thickness) and line style of each timeframe level, allowing for better visual clarity and customization.
