The Multi Timeframe Market Formation tool allows traders to analyze up to 6 different timeframes simultaneously to discover their current formation, S/R levels and their degree of synchronization with the current chart timeframe. Multi timeframe analysis made easy.

Usage

By default, the tool displays the chart's timeframe formation plus up to 5 other formations on timeframes higher than the one in the chart.

When the chart formation is synchronized with any enabled timeframe formation, the tool displays labels and a trailing channel, it uses a gradient by default, so the more timeframes are synchronized, the more visible the labels and the trailing channel are.

All timeframes enabled in the settings panel must be higher than the chart timeframe, otherwise the tool will display an error message.

Formations

A formation is a market structure defined by a lower and an upper boundary (also known as support & resistance).

Each formation has a different symbol and color to identify it at a glance.

It helps traders to know the current market behavior and the tool displays up to 5 of them.

• BULLISH (green ▲): higher high and higher low
• BEARISH (red ▼): lower high and lower low
• CONTRACTION (orange ◀): lower high and higher low
• EXPANSION (blue ▶): higher high and lower low
• SIDEWAYS (yellow ◀): Any that does not fit with the others

Multi Timeframe Formations

The tool displays up to 6 different timeframe formations, the chart timeframe plus 5 more configurable from the settings panel.

Each of them has an upper and lower limit, a timeframe, a color and an icon.

If a bound level is shared by more than one formation, the timeframes and symbols are displayed on the same line.

These are significant levels shared by different timeframes and traders need to be aware of them.

Sync With Chart Timeframe

If the current formation on the chart timeframe is in sync with any of the timeframes enabled in the settings panel, the tool will display this on the chart.

The more timeframes are in sync, the more they are visible, providing a clear visual representation of the common market behavior on multiple timeframes at the same time.

Settings

• Formation size: Size of market formations on the chart timeframe

Timeframes

• TF1 to TF5: Activate/deactivate timeframe, set size of market formation and activate/deactivate high and low levels

Style

• Show Labels: Enable/Disable Timeframe Sync Labels
• Transparency Gradient: Enable/Disable Transparency Gradient
• Show Trailing Channel | Multiplier: Enable/Disable Trailing Channel and set multiplier
• Color for each formation