ICT HTF Levels [vole]
OVERVIEW
ICT HTF Levels draws the open, the high so far, the low so far and the previous close of a higher-timeframe bar on the current chart. It is a reference layer: four horizontal lines that tell you where the higher-timeframe bar stands while you read a lower-timeframe chart.
HOW IT WORKS
The indicator requests the open, the high, the low and the previous close of a chosen higher timeframe in a single call and draws each as a labelled horizontal line on the last bar. The open is the open of the current higher-timeframe bar. The high and the low are the extremes of that bar so far, so they move while the bar develops. The previous close is the close of the bar before it. The reference timeframe has to be larger than the chart timeframe. If it is not, nothing is drawn. The lines are rebuilt on every update and only the latest set exists.
The daily open, high so far, low so far and previous close drawn on an hourly stock chart.
WHAT YOU'LL SEE ON THE CHART
The same four levels, read from the daily bar, on a 15-minute crypto chart.
BEST FOR
This indicator draws and labels price structure rather than reporting a single event type, so no market or timeframe group is singled out. It was not measured, and it reads the candles of whatever chart it is placed on.
LIMITATIONS
The script reads the candles of the chart it is placed on, so results on non-standard chart types differ from results on regular candles. Swing points are known only after the chosen number of bars has passed, so swing-based items appear with that delay. It is a drawing and labelling tool, not a forecast. It is weaker in these situations:
OPEN SOURCE
The source code is open. This script is one module of the author's own larger ICT toolkit, published here on its own so it can be read, checked and reused under the Mozilla Public License 2.0.
ACCESS
Free, open-source script.
DISCLAIMER
This indicator is a technical analysis tool, not investment advice. The author is not a registered investment adviser, broker or dealer. Nothing here is a recommendation to buy, sell or hold any instrument. What you see on the chart is the output of a calculation you configured. Any decision you take from it is yours. Past behaviour of an indicator — including anything you observe in historical bars or in a backtest, which is a simulation — does not indicate future results. Trading carries a real risk of loss, including your entire capital. Charting uses TradingView® technology. TradingView is unaffiliated with the author. For educational purposes only. Not investment advice.
ICT HTF Levels draws the open, the high so far, the low so far and the previous close of a higher-timeframe bar on the current chart. It is a reference layer: four horizontal lines that tell you where the higher-timeframe bar stands while you read a lower-timeframe chart.
HOW IT WORKS
The indicator requests the open, the high, the low and the previous close of a chosen higher timeframe in a single call and draws each as a labelled horizontal line on the last bar. The open is the open of the current higher-timeframe bar. The high and the low are the extremes of that bar so far, so they move while the bar develops. The previous close is the close of the bar before it. The reference timeframe has to be larger than the chart timeframe. If it is not, nothing is drawn. The lines are rebuilt on every update and only the latest set exists.
The daily open, high so far, low so far and previous close drawn on an hourly stock chart.
WHAT YOU'LL SEE ON THE CHART
- HTF Open — a line in the accent colour at the open of the current higher-timeframe bar.
- HTF High — a line in the bullish colour at the high of that bar so far.
- HTF Low — a line in the bearish colour at the low of that bar so far.
- HTF Previous Close — a neutral line at the close of the previous higher-timeframe bar.
- Labels — each line is labelled with the reference timeframe and its name.
- Dashboard — a small table with the reference timeframe.
The same four levels, read from the daily bar, on a 15-minute crypto chart.
BEST FOR
This indicator draws and labels price structure rather than reporting a single event type, so no market or timeframe group is singled out. It was not measured, and it reads the candles of whatever chart it is placed on.
LIMITATIONS
The script reads the candles of the chart it is placed on, so results on non-standard chart types differ from results on regular candles. Swing points are known only after the chosen number of bars has passed, so swing-based items appear with that delay. It is a drawing and labelling tool, not a forecast. It is weaker in these situations:
- A reference timeframe that is not larger than the chart timeframe, where nothing is drawn
- Reading history, since the lines are drawn for the latest bar only
- Very long higher-timeframe bars, where the open can be far from price
- Crowded charts, where the four lines overlap other levels
OPEN SOURCE
The source code is open. This script is one module of the author's own larger ICT toolkit, published here on its own so it can be read, checked and reused under the Mozilla Public License 2.0.
ACCESS
Free, open-source script.
DISCLAIMER
This indicator is a technical analysis tool, not investment advice. The author is not a registered investment adviser, broker or dealer. Nothing here is a recommendation to buy, sell or hold any instrument. What you see on the chart is the output of a calculation you configured. Any decision you take from it is yours. Past behaviour of an indicator — including anything you observe in historical bars or in a backtest, which is a simulation — does not indicate future results. Trading carries a real risk of loss, including your entire capital. Charting uses TradingView® technology. TradingView is unaffiliated with the author. For educational purposes only. Not investment advice.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.