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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.
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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。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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。