Higher-Timeframe Candles with Volume Footprint Profiles

Summary

This indicator draws selected higher-timeframe candles beside the current chart, reconstructing each candle’s open, high, low, and close from lower-timeframe bars. It adds buy and sell volume profiles across price rows, with options for split or stacked layouts, adjustable row sizing, and volume-based transparency. The display can also mark the point of control, value-area boundaries, and net volume delta.

The script exposes extensive visual and layout controls, including the number and placement of candles, colors, and reference lines. It provides a way to inspect higher-timeframe price structure and volume distribution together on a lower-timeframe chart. The document describes an indicator, not a trading rule or tested strategy; it reports no performance evidence. Volume-footprint interpretation depends on the underlying data and row aggregation settings, and the excerpt omits part of the implementation.

Key ideas

• The indicator reconstructs higher-timeframe candles from chart bars and displays them beside current price action.
• Buy and sell volume are grouped into configurable price rows around each candle.
• Optional overlays mark the point of control, value-area limits, and net volume delta.
• The tool is a visualization aid and provides no evidence of trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.