LTF Volume marker

4 hari lalu

LTF Volume Marker
Overview:

The LTF Volume Marker highlights candles that contain volume spikes on a lower timeframe (LTF), even while you are viewing a higher timeframe chart. It is designed to help identify hidden volume activity that may not be visible when aggregating candles.

This indicator is conceptually similar to a volume profile — but instead of showing distribution across price levels, it visualizes volume clusters within the structure of a sloped trend or time-based aggregation.

Key Features:

✅ Automatically detects high-volume candles on a user-defined lower timeframe

✅ Marks the price level of volume spikes using weighted average price (VWAP) within higher timeframe bars

✅ Supports both manual threshold and auto mode (which highlights top X% of volume candles in a selected range)

✅ Fully adjustable timeframe and date range

✅ Displays either a point or an area at the spike location or together

How It Works:

• You define a Lower Timeframe (e.g. 1-minute) and optionally a threshold or use the auto mode to dynamically calculate it from past data.
  
• On higher timeframes (e.g. 5-min, 15-min), the indicator looks inside each bar, finds all volume spikes, and plots the volume-weighted average price of those spikes.
  
• If you are on the same timeframe as the LTF, it simply highlights candles with volume exceeding the threshold.
  

Use Cases:

• Spotting hidden volume clusters inside trending moves
  
• Validating support/resistance levels with underlying volume
  
• Filtering false breakouts using intra-bar volume
  
• Enhancing scalping and intraday setups by visualizing internal structure
  

Notes:

• The indicator ignores future-looking data (lookahead=off) and only processes completed bars.
  
• If the chart’s timeframe is lower than the selected LTF, the indicator will automatically disable itself.
  
• Works best with aggregated symbols, such as futures or cryptocurrencies with high resolution data.
  

4 hari lalu

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