ICT HTF Candles (fadi)

The ICT HTF Candles (fadi) indicator visualizes higher timeframe price action directly on the current chart to streamline multi-timeframe analysis without switching views.

Usage

The Usage section describes how the script can be used to monitor price development and ICT-based market structures. Traders typically use this tool to identify Higher Timeframe (HTF) trends or breaks of structure while staying on a lower timeframe for precise entries.

By configuring the HTF settings, you can display up to six different timeframes simultaneously. The indicator plots these as secondary candles to the right of the current price action. This allows you to observe how HTF Fair Value Gaps (FVG) and Volume Imbalances are being tested or formed in real-time.

Key interpretation points include:

• Contextual Entries: Wait for an HTF candle close or structure shift before executing trades on the lower timeframe.
• Imbalance Identification: Visualize where HTF liquidity gaps exist, which often act as magnets or support/resistance zones.
• Trace Lines: Use the extended OHLC lines to see exactly where historical HTF price levels align with current lower timeframe movement.

Details

The script functions by requesting data from specified higher timeframes and projecting that information onto a set of custom-drawn boxes and lines.

• Candle Construction: Each HTF candle is built using the Open, High, Low, and Close of the selected period.
• Imbalances: Fair Value Gaps are identified when there is a lack of price overlap between the wicks of three consecutive HTF candles. Volume Imbalances are identified when there is a gap between the close of one candle and the open of the next.
• Custom Daily Open: The script includes a feature for ICT traders to define a custom daily start time (e.g., Midnight, 8:30, or 9:30 AM) to align with specific "killzones" or trading sessions.
• Dynamic Labels: The script can display the remaining time for the current HTF candle to close, helping traders anticipate volatility.

Settings

Timeframe Configuration

• HTF 1-6: Enables/disables specific higher timeframes and sets the interval (e.g., 5m, 1h, 1D).
• Number of candles to display: Determines how many historical HTF candles are rendered to the right of the price.
• Limit to next HTFs only: Restricts the display to a specific number of timeframe sets to maintain chart clarity.

Styling

• Body/Border/Wick Colors: Customizes the visual appearance of bullish and bearish HTF candles.
• Padding from current candles: Adjusts the horizontal distance between the chart's current bar and the HTF display.
• Space between candles: Controls the gap between individual HTF candles.
• Candle Width: Adjusts the thickness of the HTF candle bodies.

Imbalance

• Fair Value Gap: Toggles the visibility of HTF FVGs.
• Volume Imbalance: Toggles the visibility of HTF Volume Imbalances.

Trace & Labels

• Trace lines: Extends horizontal lines from the Open, High, Low, and Close of the HTF candles across the chart.
• Price Label: Displays the exact price values on the trace lines.
• HTF Label/Timer: Shows the timeframe name and the countdown until the current HTF candle closes.
• Interval Value (DOW): Displays the day of the week or interval specific naming on the HTF candles.

FAQ

How do I adjust the position of the HTF candles? You can modify the "padding from current candles" and "space between Higher Timeframes" in the Styling group to move the candles further right or change their vertical distribution.

Can I see FVGs for multiple timeframes at once? Yes, if multiple HTFs are enabled and the "Fair Value Gap" setting is checked, the indicator will plot gaps for each active timeframe.

How do I get access to the ICT HTF Candles (fadi) tool? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.