HTF Floating Candles w/ Vol FP for Peasants [theUltimator5]

This indicator is designed to pull higher-timeframe candles outside of the chart, and add the footprint volume data to give a complete snapshot of the Higher Timeframe (HTF) trading range and volume data without cluttering your view.

This indicator is unique from my HTF Floating Candles w/ Volume Footprint script because it doesn't use the footprint call, opening it up to everybody and not just premium users. The tradeoff is that it doesn't calculate the net volume the same way and uses the total volume from each bar to approximate the buy and sell volume.

Instead of forcing you to mentally reconstruct the most recent daily (or weekly/monthly) candle(s) while watching lower-timeframe price action, this script draws floating HTF candles to the right side of the chart and updates it live as the higher-timeframe bar develops. The default number of HTF candles is 1, but you can add up to 10 HTF candles.

It also builds a row-by-row volume distribution across the active HTF candle price range and separates it into buy-side vs sell-side volume, displayed on opposite sides of the candle. This gives you a quick visual read on where volume has been concentrated inside the higher-timeframe structure — not just where price traveled.

If you don't like seeing buy and sell volume on separate sides of the candles, you can stack them all on the left side like traditional volume footprint indicators.

If you want more than 1 HTF candle, you can plot multiple. The volume footprint shows the volume profile of the entire plotted HTF candle range.

You can configure the following display options:
Position and size of HTF candles
Number of HTF candles
HTF timeframe
Volume profile layout style
Number of volume profile bars
POC toggle
Transparency toggle to highlight high volume rows
Width of volume profile bars
Colors & transparency
Horizontal high/low toggle

This indicator isn't a standalone trading indicator, but it is a visualization enhancement tool to give you a clean picture of the higher timeframe's price and volume data without the clutter.

Phát hành các Ghi chú

I made two major changes with this update.

1) I added a net volume tracker right above the HTF footprint. This tracks the net buy and sell volume over the HTF footprint range and creates a red or green box with a relative size based on how much net buying or selling has happened over that range. For example, if there is a lot of buying and little selling, there will be a green box that spans to the left a decent amount. If it is about equal, you won't see much of a box at all. This can be turned off, but is enabled by default.

2) I updated the normalization function for the buy and sell candles. It used to normalize both buy and sell independently from each other, resulting in an equal magnitude appearance on both sides. I found this to be misleading. If there was a lot more buy or sell pressure on one side, it wouldn't be reflected in the other. Now both sides normalize together so you can better see the differences between buying and selling. This compliments the new net volume bar at the top.

Mã nguồn mở

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TheUltimator5

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Mã nguồn mở

TheUltimator5

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