Hello everybody,
It was a friendship day yesterday so I decided to share a little present with you.
I was also reading something about market structure yesterday and how to sharpen your market structure view.
So I wrote a bit of code today which is an indicator for MetaTrader. It shows the Open of each time interval D1, H4, H1 and M15.
If there is anything you would like to add or have some thoughts about it making it better and more effiecient, all opinions welcomed! :)
This is how I will try to look at it. Price above D1, H4, H1, M15 open -> BUY, Price below D1, H4, H1, M15 -> SELL, of course according to your strategy used, not just blind buying or selling. ;)
Plot the indicator on M1 chart only. It could works on higher TFs, but the behavior is undefined
sneak peek:
EDIT 8.8.2016: Bug spotted while 15M and higher time change. Indicator has to be re-plotted. I will look at it asap and will repair it g2g now. cya all
EDIT 9.8.2016: Version with no bugs, yaaay :D)
source cod