OPEN-SOURCE SCRIPT
HTF Candle Range
Overview
This indicator is designed for price action traders who focus on Higher Timeframe (HTF) market structures. It automatically identifies the key range of the previous closed HTF candle (e.g., Daily, 4H) and projects it onto your current lower timeframe chart. By focusing on the relationship between the High, Low, and Close of the previous period, it highlights high-probability zones for the current session.
Core Features
How to Trade with this Indicator
This tool is particularly effective for two main setups:
Alerts & Notifications
Never miss a move with built-in alert support. You can set up notifications for:
Note: Use the "Any" or specific "Breakout" conditions in the TradingView Alert menu for real-time push notifications or email alerts.
Settings
This indicator is designed for price action traders who focus on Higher Timeframe (HTF) market structures. It automatically identifies the key range of the previous closed HTF candle (e.g., Daily, 4H) and projects it onto your current lower timeframe chart. By focusing on the relationship between the High, Low, and Close of the previous period, it highlights high-probability zones for the current session.
Core Features
- Dynamic Range Detection: Automatically identifies and marks the Previous Candle Close (PCC) and the Previous Candle High (PCH) or Low (PCL), depending on whether the candle was bullish or bearish.
- Customizable Fibonacci Zones: Includes two fully adjustable Fibonacci levels (defaulting to 0.5 and 0.618) to identify "Golden Pocket" retracement areas within the HTF range.
- Clean Visuals: Lines start precisely at the HTF session open and extend a customizable distance past the current price, keeping your chart uncluttered.
- Fully Styled: Toggle visibility, change colors, line weights, and styles (solid, dashed, or dotted) directly from the input menu.
How to Trade with this Indicator
This tool is particularly effective for two main setups:
- Breakout Entries: Watch for strong momentum candles closing outside the blue boundary lines (PCC/PCH or PCC/PCL). A break above the PCH often signals continued bullish flow, while a break below the PCL suggests further downside.
- Pullback (Retracement) Entries: After a move has started, look for the price to "breathe back" into the orange Fibonacci levels. The 0.5 and 0.618 levels act as prime areas for entries in the direction of the HTF trend, offering a superior risk-to-reward ratio.
Alerts & Notifications
Never miss a move with built-in alert support. You can set up notifications for:
- Top Level Breakout: Triggers when the price crosses above the upper boundary.
- Bottom Level Breakout: Triggers when the price crosses below the lower boundary.
- Any Level Breakout: A single alert to monitor both boundaries simultaneously.
Note: Use the "Any" or specific "Breakout" conditions in the TradingView Alert menu for real-time push notifications or email alerts.
Settings
- Higher Timeframe: Set this to your anchor timeframe (e.g., Daily for intraday trading).
- Label Offset: Controls how far the lines and labels extend into the future.
- Fibonacci Levels: Use the inline inputs to toggle levels on/off, adjust the ratio, and customize the appearance.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。