PA Helper - Draw Next 5 Candles — Indicator by gigi_duru

candlestickanalysis chartpatterns cycles

A user-friendly tool designed for a quick visual preview of the next 5 candles on your trading chart.

Here's how to use it effortlessly:

Set Open Prices:
Adjust the open prices for the upcoming 5 candles using the inputs labeled Next close #1 to Next close #5.

Toggle Candles:
Use the checkboxes (p1 to p5) to enable or disable the drawing of each corresponding next candle.

Offset Option:
Customize your preview by toggling the offset option:
If offset is set to false, the drawing starts from the current candle's close, providing insight into the next 5 candles relative to the current one.
If offset is set to true, the drawing begins with the next candle, offering a preview of the upcoming 5 candles, effectively skipping the current one.

Visual Representation:
The indicator visually displays the next 5 candles on your chart based on your selected open prices, offering a clear and tailored insight into potential market movements.

Release Notes:

Notes:
- This tool only shows a preview of how would the next candles look on the chart
- The user will select each candle close price (5 candles preview - 5 prices to select)
- This is not a predictive indicator, but just a tool to help you visualize the next 5 candles based on your input

Release Notes:

In short: a tool to manually draw ghost candles

Release Notes:

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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