[EWT] HTF Candle Panel: Advanced Multi-Timeframe Projection

7 saat önce

Overview
The [EWT] HTF Candle Panel is a high-performance utility designed for serious technical analysts who require real-time higher timeframe (HTF) context without the need to constantly switch tabs. This indicator renders a customizable panel of HTF candlesticks directly in the right margin of your current chart, allowing you to monitor the developing price action of a Daily, Weekly, or Hourly candle while navigating the lower timeframe (LTF) noise.

Key Features
Real-Time HTF Projection: Unlike standard static overlays, this script uses request.security with lookahead logic to ensure the most recent HTF candle updates tick-by-tick in sync with the live market.

Fully Customizable Interface:

Adjustable Timeframes: Switch between any interval (e.g., watching 1D candles on a 5m chart).

Dynamic Positioning: Use the Extra Right Margin Offset and Spacing inputs to perfectly position the panel in your chart's empty space.

Two Visual Styles: Choose between Standard (Wicks + Bodies) for a classic look or Box style for a cleaner, modern interface.

Smart Background Panel: An optional shaded "container" automatically scales to the High/Low of the projected period, providing a clear visual boundary for your HTF analysis.

Price Action Labels: Toggleable labels for the most recent HTF close prices with configurable positioning and colors.

Strategic Use Cases
1. ICT & CRT Trading (The "Internal vs. External" Perspective)
For traders following Inner Circle Trader (ICT) concepts or Core Range Theory (CRT), understanding where the "HTF Objective" lies is critical.

Identify HTF PD Arrays: Easily visualize HTF Order Blocks or Fair Value Gaps (FVGs) as they form on the Daily or 4H level while you look for entries on the 1m or 5m.

Bias Confirmation: Keep the Daily candle bias in your peripheral vision to ensure your LTF trend alignments are high-probability.

2. Multi-Timeframe (MTF) Analysis
MTF analysis is the backbone of professional trading. This indicator solves the "tunnel vision" problem by providing:

The "Micro-to-Macro" Bridge: See if a 15m bullish breakout is actually just a wick-rejection on a 4H candle.

Candle Close Anticipation: Monitor the "Fullness" of an HTF candle to predict potential reversals or continuations before they happen on the lower timeframe.

How to Set Up
Right Margin: For the best experience, go to your Chart Settings > Canvas > Margin > Right and set it to 100 or higher. This provides the "future space" for the panel to reside.

Configuration: Use the Extra Right Margin Offset input to push the candles further right if they overlap with your current price action.

Developer Best Practices
Built on Pine Script v6, this script follows the KISS (Keep It Simple, Stupid) and DRY (Don't Repeat Yourself) principles. It is optimized for performance by executing drawing logic only on the most recent bar (barstate.islast), ensuring your chart remains lag-free even with multiple candles projected.

6 saat önce

Sürüm Notları

[Fix] Changed default candle spacing to fix HTF candlestick alignment.

6 saat önce

Sürüm Notları

Fixed a typo.