OPEN-SOURCE SCRIPT
Cập nhật First Candle Connection + Mirror Projection
First Candle Projection with Mirror Channel (Multi-Day Selector)
📝 Short Description
Projects the relationship between consecutive trading days’ first candles and extends it into a forward-looking mirrored channel for intraday structure analysis.
📖 Full Description (Use this in TradingView)
🔷 Overview
This script builds a geometric projection model using the first candle of each trading day. It connects consecutive days and extends that relationship forward to create a dynamic trend path along with its mirrored counterpart, forming a projected channel.
Unlike traditional indicators, this approach focuses on inter-day structural continuity, allowing traders to anticipate potential price movement zones based on prior session behavior.
⚙️ How It Works
First Candle Detection
Automatically detects the first candle of every trading day (robust to holidays/weekends).
Day-to-Day Connection
Connects:
Previous day first candle High → Current day first candle High
Previous day first candle Low → Current day first candle Low
Forward Projection (74 Bars)
Extends the slope of these connections into the future using dotted lines.
Mirror Projection
Generates a mirror image of projected lines around the current day’s first candle.
This creates a forward-looking price channel.
Day Selector
Choose which pair of days to visualize:
0 → Current vs Previous day
1 → Previous vs Older day
and so on
📊 What You See on Chart
Solid Lines
Represent actual connection between two consecutive days.
Dotted Lines
Represent projected future path (74 bars ahead).
Mirror Lines
Symmetrical projections forming a channel-like structure.
🧠 Interpretation
The projection acts as a directional bias guide.
Mirror lines act as dynamic support/resistance zones.
The structure can resemble:
Trend continuation channels
Expansion/contraction zones
Symmetry-based price movement
🎯 Best Use Cases
Intraday trading (1m / 5m / 15m)
Index instruments (NIFTY, BANKNIFTY, etc.)
Identifying:
Breakouts from projected structure
Mean reversion within mirrored channel
Session-to-session momentum shifts
⚠️ Notes
Works best on intraday timeframes.
Requires at least 2 trading days of data.
Projections are geometric references, not signals.
Holiday gaps are handled automatically.
This is just for study purpose.
📝 Short Description
Projects the relationship between consecutive trading days’ first candles and extends it into a forward-looking mirrored channel for intraday structure analysis.
📖 Full Description (Use this in TradingView)
🔷 Overview
This script builds a geometric projection model using the first candle of each trading day. It connects consecutive days and extends that relationship forward to create a dynamic trend path along with its mirrored counterpart, forming a projected channel.
Unlike traditional indicators, this approach focuses on inter-day structural continuity, allowing traders to anticipate potential price movement zones based on prior session behavior.
⚙️ How It Works
First Candle Detection
Automatically detects the first candle of every trading day (robust to holidays/weekends).
Day-to-Day Connection
Connects:
Previous day first candle High → Current day first candle High
Previous day first candle Low → Current day first candle Low
Forward Projection (74 Bars)
Extends the slope of these connections into the future using dotted lines.
Mirror Projection
Generates a mirror image of projected lines around the current day’s first candle.
This creates a forward-looking price channel.
Day Selector
Choose which pair of days to visualize:
0 → Current vs Previous day
1 → Previous vs Older day
and so on
📊 What You See on Chart
Solid Lines
Represent actual connection between two consecutive days.
Dotted Lines
Represent projected future path (74 bars ahead).
Mirror Lines
Symmetrical projections forming a channel-like structure.
🧠 Interpretation
The projection acts as a directional bias guide.
Mirror lines act as dynamic support/resistance zones.
The structure can resemble:
Trend continuation channels
Expansion/contraction zones
Symmetry-based price movement
🎯 Best Use Cases
Intraday trading (1m / 5m / 15m)
Index instruments (NIFTY, BANKNIFTY, etc.)
Identifying:
Breakouts from projected structure
Mean reversion within mirrored channel
Session-to-session momentum shifts
⚠️ Notes
Works best on intraday timeframes.
Requires at least 2 trading days of data.
Projections are geometric references, not signals.
Holiday gaps are handled automatically.
This is just for study purpose.
Phát hành các Ghi chú
Lines extension has been made user friendly.Phát hành các Ghi chú
It automatically identifies a unique intraday reference candle based on the current calendar date and plots its key levels in real time. This indicator is designed for intraday charts only.Phát hành các Ghi chú
Works same on 5m / 15m / any timeframePhát hành các Ghi chú
Draws line extensions till current last barMã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.