Fractal Candle Indicator

5 дней назад

Fractal Candle Indicator - Higher Timeframe Candles on Lower Timeframes
Overview
This indicator visualizes higher timeframe candles directly on your current chart, allowing you to see the "bigger picture" while analyzing lower timeframe price action. Instead of switching between charts, you can watch 4-hour, 1-hour, or other fractal candles build in real-time on your 5-minute or 1-minute chart.
Key Features
📊 Multiple Timeframe Options:

15 minutes
30 minutes
1 Hour
4 Hours
Daily (6 PM to 6 PM NY time)

🎨 Visual Design:

Rectangle Body: Represents the candle body (open to close)
Separate Wicks: Upper wick (high to body top) and lower wick (body bottom to low)
Color-Coded: Green for bullish candles, red for bearish candles
Proportional Width: Candles span the exact number of bars they represent
Customizable: Border width, wick width, and colors fully adjustable

🎯 Smart Filtering:

Show All Mode (default): Displays all fractal candles throughout the trading day
Specific Time Filter: Focus on specific hourly candles (e.g., only show 10 AM candles) plus the candle immediately before it

⏰ Market-Aware:

All times aligned to New York timezone
Trading day starts at 6:00 PM NY time (futures market open)
Special handling for market close: The 2 PM 4H candle correctly ends at 5 PM (3 hours) instead of extending to 6 PM

📈 Real-Time Updates:

Current candle updates dynamically as price moves
Completed candles remain static on the chart
See up to 500 bars of historical fractal candles

Use Cases
For Day Traders:

Watch 4H candles build while scalping on 5m charts
Identify key support/resistance levels from higher timeframes
Stay aware of larger timeframe structure without chart switching

For Swing Traders:

Monitor daily candles on 1H charts for precise entries
Track session-based price action (Asia, London, NY sessions)

For ICT/SMC Traders:

Analyze specific time candles (6 AM, 10 AM, 2 PM kill zones)
See how price behaves during institutional trading hours
Identify power of 3 or smart money cycles

How to Use

Select Your Fractal Timeframe: Choose which higher timeframe candle to display (15m, 30m, 1H, 4H, Daily)
Optional Time Filter: Enable "Show Specific Time Candle Only" to focus on particular hourly candles (great for kill zone analysis)
Customize Appearance: Adjust colors, border width, and wick width to match your chart theme
Interpret the Structure:

Rectangle = candle body (open to close)
Lines above/below = wicks (highs and lows)
Width = actual time span of that candle



Technical Notes

Maximum 500 bars of history due to Pine Script drawing limitations
Candles automatically scale to your current chart timeframe
Works on any symbol and timeframe
4H candles align to: 6 PM, 10 PM, 2 AM, 6 AM, 10 AM, 2 PM (NY time)

Why This Indicator?
Most traders lose context when zooming into lower timeframes. This indicator keeps you grounded in the bigger picture by literally showing you the higher timeframe candles as they form, helping you avoid low-probability trades that go against the larger trend or structure.
Perfect for: ICT traders, Smart Money Concept traders, Multi-timeframe analysis, Session-based trading, Kill zone strategies

5 дней назад

Информация о релизе

02.01.2026

added short title