HTF Floating Candles w/ Volume Footprint

The HTF Floating Candles w/ Volume Footprint indicator provides a real-time visualization of higher-timeframe price action and volume distribution directly on the right side of the chart. By projecting floating candles and actual footprint volume data, it allows traders to monitor macro structures and intra-candle volume concentrations without obstructing the current lower-timeframe view.

Usage

The indicator can be used to maintain context of the daily, weekly, or monthly trends while trading on intraday charts. Users can plot up to 10 historical higher-timeframe (HTF) candles.

• Contextual Analysis: Observe the development of the current HTF candle (e.g., Daily) while viewing 5-minute price action.
• Volume Distribution: Identify high-volume nodes within the HTF candle. The volume is split into buy-side and sell-side by default, showing where aggressive participation occurred.
• Layout Customization: Switch between "Split" (buy left/sell right) or "Stacked Left" layouts depending on your preference for footprint visualization.
• Reference Levels: Enable horizontal reference lines to project the HTF high and low points back onto the main chart to identify key support and resistance zones.

Details

This tool utilizes the request.footprint() function to retrieve granular volume data. Unlike basic volume profiles that might estimate sentiment based on candle direction, this script uses actual bid/ask footprint information to construct its volume bars. The footprint data is aggregated into rows based on the "Ticks Per Footprint Row" setting, allowing for a smoothed or highly detailed view of volume clusters.

The floating candles are positioned in the chart's future bars (offset) to prevent overlapping with current price action. Each candle is dynamically updated as new data arrives within the higher timeframe.

Settings

• Higher Timeframe: Sets the timeframe for the floating candles (e.g., D, W, M).
• Number of HTF Candles: Determines how many historical HTF bars to display.
• Candle Width/Spacing/Offset: Controls the visual size and horizontal position of the candles.
• Profile Layout: Choose between "Split" or "Stacked Left" volume footprint styles.
• Ticks Per Footprint Row: Adjusts the vertical granularity of the volume profile.
• Auto Transparency: When enabled, volume bars become more transparent based on lower relative volume.
• POC/VA Lines: Options to display the Point of Control (POC) and Value Area (VAH/VAL) within the HTF candles.
• Reference Lines: Toggles horizontal lines extending from HTF highs and lows back to their origin on the chart.

FAQ

How do I access the HTF Floating Candles w/ Volume Footprint?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Why is the volume profile not appearing?

Ensure your subscription supports the request.footprint() function and that the "Higher Timeframe" setting is significantly larger than your current chart timeframe.

Can I change the colors of the buy and sell volume?

Yes, the colors for both bullish/bearish candle bodies and buy/sell volume bars can be fully customized in the "Colors & Transparency" section of the settings.