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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.