MTF Candles Pro - Hitz2kk
The indicator is designed for traders who execute on lower timeframes but want to keep higher-timeframe structure visible at all times without switching charts.
What the script shows
For each selected higher timeframe, the script projects two candles to the right side of price:
• the previous completed HTF candle
• the current developing HTF candle
Each projected candle includes:
• candle body and wick
• HTF label
• optional countdown timer
• optional HTF label stamp inside the candle body
• previous-candle midpoint
• premium and discount shading based on the previous HTF range
• sweep markers when price trades beyond the previous HTF high or low and rejects back through that level
How it works
The script tracks the open, high, low and close of each selected higher timeframe in real time.
When a new HTF period begins:
• the former developing candle is stored as the previous completed candle
• a new developing candle begins from the current bar’s open
• the previous HTF candle remains visible for reference
• the current HTF candle continues updating as price moves
Midpoint and premium / discount
The midpoint is calculated from the previous completed HTF candle:
Midpoint = (Previous HTF High + Previous HTF Low) / 2
The previous candle range is then divided into two halves:
• Premium = upper half of the previous HTF range
• Discount = lower half of the previous HTF range
This helps traders judge whether current price is trading in the upper or lower portion of the previous HTF range.
Sweep logic
The sweep markers are based on the previous completed HTF candle:
• a high sweep is marked when live price trades above the previous HTF high and closes back below it
• a low sweep is marked when live price trades below the previous HTF low and closes back above it
These markers are intended to highlight failed breakouts and possible liquidity grabs around HTF levels.
Who this is for
This tool is intended for traders who use higher-timeframe structure to guide lower-timeframe entries. It is especially useful for:
• market structure analysis
• liquidity-based trading
• midpoint / equilibrium reference
• premium / discount range analysis
• session-based intraday execution with HTF context
Notes
• The script works best on lower timeframes with higher-timeframe projections enabled.
• Daily candles can optionally use a custom reset instead of the standard calendar day.
• The script is a chart-structure visualisation tool, not an automated signal generator.
What the script shows
For each selected higher timeframe, the script projects two candles to the right side of price:
• the previous completed HTF candle
• the current developing HTF candle
Each projected candle includes:
• candle body and wick
• HTF label
• optional countdown timer
• optional HTF label stamp inside the candle body
• previous-candle midpoint
• premium and discount shading based on the previous HTF range
• sweep markers when price trades beyond the previous HTF high or low and rejects back through that level
How it works
The script tracks the open, high, low and close of each selected higher timeframe in real time.
When a new HTF period begins:
• the former developing candle is stored as the previous completed candle
• a new developing candle begins from the current bar’s open
• the previous HTF candle remains visible for reference
• the current HTF candle continues updating as price moves
Midpoint and premium / discount
The midpoint is calculated from the previous completed HTF candle:
Midpoint = (Previous HTF High + Previous HTF Low) / 2
The previous candle range is then divided into two halves:
• Premium = upper half of the previous HTF range
• Discount = lower half of the previous HTF range
This helps traders judge whether current price is trading in the upper or lower portion of the previous HTF range.
Sweep logic
The sweep markers are based on the previous completed HTF candle:
• a high sweep is marked when live price trades above the previous HTF high and closes back below it
• a low sweep is marked when live price trades below the previous HTF low and closes back above it
These markers are intended to highlight failed breakouts and possible liquidity grabs around HTF levels.
Who this is for
This tool is intended for traders who use higher-timeframe structure to guide lower-timeframe entries. It is especially useful for:
• market structure analysis
• liquidity-based trading
• midpoint / equilibrium reference
• premium / discount range analysis
• session-based intraday execution with HTF context
Notes
• The script works best on lower timeframes with higher-timeframe projections enabled.
• Daily candles can optionally use a custom reset instead of the standard calendar day.
• The script is a chart-structure visualisation tool, not an automated signal generator.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。