HTF-level Proximity Filters
By LuxAlgoMay 16, 2026
HTF-level Proximity Filters is an indicator on Vela, our next-generation charting platform, written in Pine Script®.
HTF-level Proximity Filters turns the HTF-level proximity filter idea into a running gate on the chart. It maintains a fourteen-level inventory (prior day, week and month high, low and close, plus a floor pivot ladder) measures the distance to the nearest reference on each side, in ATR multiples or as a percent of price, and resolves long and short gates every bar. Clearance mode (the default) blocks a long while a level sits within the threshold overhead; proximity mode passes only signals firing at a level. The nearest levels plot with a proximity glow.
How to Trade the HTF-level Proximity Filters?
- Long: Blocked: a level sits inside the threshold overhead. Clearance mode discards longs launched straight into the obstacle.
- Near-level state: price is at a reference. Confluence for proximity-mode entries, caution for signals aimed into the level.
- Above / Below rows: the nearest reference each side doubles as the first-target candidate in a trade's path.
The gates never generate signals; this is the filter stage of the composition toolkit, adjudicating locations for signals produced elsewhere.
HTF-level Proximity Filters Settings
- Filter Mode (default Require Clearance): veto near-obstacle signals, or require firing at a level.
- Proximity Threshold (default 0.25): the distance that counts as at a level, in the active unit.
- Distance Units (default ATR Multiples): or % of Price.
- ATR Basis (default Daily) with Length (default 14): the prior day's ATR as the yardstick; the chart ATR above daily.
- Level inventory: prior day, week and month high/low/close all enabled by default; Floor Pivots (default enabled) from the D timeframe.
- Untested Levels Only (default disabled): drop references already traded through until their period rolls.
- Dashboard & style: gate panel on, level labels on, near-level background off.
Frequently Asked Questions
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