StO Price Action - MultiTimeFrame Bands

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Short Summary
- Multi-timeframe price visualisation using stepped bands
- Plots higher-timeframe ranges directly on lower charts
- Visualizes context, boundaries and higher-timeframe bias
- D, W, M and Y period open levels

Full Description

Overview
- Projects higher-timeframe price information onto the active chart
- Each timeframe is represented as a price band or stepped range
- Bands consist of upper and lower reference values
- Designed to make higher-timeframe structure visible intraday

Multi-Timeframe Bands
- Supports up to four independent timeframes
- Each timeframe can be enabled or disabled individually
- Timeframe selection is abstracted (chart, minutes, hours, days, weeks, months)
- Step-line plotting preserves higher-timeframe candle structure

Band Construction Logic
- Upper and lower band values define the active range
- Use of High/Low (Range) or Open/Close (Body range) for band calculation
- High/Low emphasizes full volatility range
- Open/Close emphasizes accepted price area

Open Price Levels
- Plotting of period open prices
- Daily, Weekly, Monthly and Yearly opens supported
- Each open level has independent visibility and color control
- Open prices serve as equilibrium and bias reference points

Usage
- Identify higher-timeframe boundaries during lower-timeframe execution
- Use opens as bias filters and mean reference
- Combine with market structure or liquidity concepts

Notes
- Not a signal or strategy indicator
- No prediction, only contextual framing
- Once a #band is plotted, new extremes do not retroactively adjust previous values
- Visual alignment is most accurate after a chart refresh or restart
- Designed for clean charts and decision support

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Minor Updates

vor 11 Stunden

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Minor Changes