OPEN-SOURCE SCRIPT
LTFM_Projection [LanCrypto]
Indicator Description
The LTF Momentum Projection is a multi-timeframe visualization indicator that projects Lower Timeframe (LTF) price action directly onto your current chart. Instead of constantly switching between timeframes, it allows you to see the granular, structural formations happening "inside" or just ahead of the current bar.
Key Features:
LTF Candle Projection: Renders scaled, synthetic LTF candles to the right of the current price action, giving you a real-time microscopic view of recent market movements.
Momentum Shift Signals: Automatically detects a specific 3-candle reversal pattern (a strong thrust, followed by an exhaustion/shrinking candle, and a confirming reversal candle).
Internal & External Detection: Signals are displayed both on the main chart timeframe (External Signals) and on the projected LTF candles (Internal Signals).
HTF Context Levels: Draws the Open, High, and Low of the current chart's candle across the projected area to serve as immediate support/resistance references.
Usage Guide
Setting the Timeframe: In the settings, ensure the "LTF to Display" is set to a timeframe lower than your current chart (e.g., if you are on a 15m chart, set the LTF to 1m or 3m).
Adjusting the View:
Use "Vertical Scale" to stretch or shrink the projected candles if they look too large or small compared to the main chart.
Use the "Right Offset" to push the projection further to the right to avoid overlapping with current price action.
If the projection is too long, enable "Limit Visible Candles" to only see the most recent LTF formations.
Reading the Signals:
Bullish Shift (▲): Indicates a strong bearish push that exhausted, followed by a bullish engulfing/piercing close. Suggests temporary or structural bottoming.
Bearish Shift (▼): Indicates a strong bullish push that exhausted, followed by a bearish reversal close. Suggests a localized top.
Short Strategy Play: "Micro-Shift Pullback"
This indicator is excellent for fine-tuning entries on higher timeframe trends by waiting for a lower timeframe momentum shift.
The Setup:
Determine Trend: Identify the overall trend on the main chart (e.g., 1-Hour chart is making Higher Highs and Higher Lows).
Wait for a Pullback: Wait for price to retrace into a key Higher Timeframe (HTF) support zone, such as an order block, fair value gap, or a moving average.
Zoom in via Projection: Keep your eyes on the LTF projected candles (e.g., 5-Minute data projected on your 1H chart).
Entry Trigger: Enter a trade when an Internal Bullish Signal (▲) prints on the projected LTF candles exactly as it taps the HTF support. This confirms the lower timeframe sellers have exhausted and buyers are stepping back in.
Stop Loss & Take Profit:
Stop Loss: Placed just below the lowest projected LTF candle wick (the recent micro-swing low).
Take Profit: Target the recent HTF swing high, or scale out at the "HTF High" dotted line provided by the indicator.
The LTF Momentum Projection is a multi-timeframe visualization indicator that projects Lower Timeframe (LTF) price action directly onto your current chart. Instead of constantly switching between timeframes, it allows you to see the granular, structural formations happening "inside" or just ahead of the current bar.
Key Features:
LTF Candle Projection: Renders scaled, synthetic LTF candles to the right of the current price action, giving you a real-time microscopic view of recent market movements.
Momentum Shift Signals: Automatically detects a specific 3-candle reversal pattern (a strong thrust, followed by an exhaustion/shrinking candle, and a confirming reversal candle).
Internal & External Detection: Signals are displayed both on the main chart timeframe (External Signals) and on the projected LTF candles (Internal Signals).
HTF Context Levels: Draws the Open, High, and Low of the current chart's candle across the projected area to serve as immediate support/resistance references.
Usage Guide
Setting the Timeframe: In the settings, ensure the "LTF to Display" is set to a timeframe lower than your current chart (e.g., if you are on a 15m chart, set the LTF to 1m or 3m).
Adjusting the View:
Use "Vertical Scale" to stretch or shrink the projected candles if they look too large or small compared to the main chart.
Use the "Right Offset" to push the projection further to the right to avoid overlapping with current price action.
If the projection is too long, enable "Limit Visible Candles" to only see the most recent LTF formations.
Reading the Signals:
Bullish Shift (▲): Indicates a strong bearish push that exhausted, followed by a bullish engulfing/piercing close. Suggests temporary or structural bottoming.
Bearish Shift (▼): Indicates a strong bullish push that exhausted, followed by a bearish reversal close. Suggests a localized top.
Short Strategy Play: "Micro-Shift Pullback"
This indicator is excellent for fine-tuning entries on higher timeframe trends by waiting for a lower timeframe momentum shift.
The Setup:
Determine Trend: Identify the overall trend on the main chart (e.g., 1-Hour chart is making Higher Highs and Higher Lows).
Wait for a Pullback: Wait for price to retrace into a key Higher Timeframe (HTF) support zone, such as an order block, fair value gap, or a moving average.
Zoom in via Projection: Keep your eyes on the LTF projected candles (e.g., 5-Minute data projected on your 1H chart).
Entry Trigger: Enter a trade when an Internal Bullish Signal (▲) prints on the projected LTF candles exactly as it taps the HTF support. This confirms the lower timeframe sellers have exhausted and buyers are stepping back in.
Stop Loss & Take Profit:
Stop Loss: Placed just below the lowest projected LTF candle wick (the recent micro-swing low).
Take Profit: Target the recent HTF swing high, or scale out at the "HTF High" dotted line provided by the indicator.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.