OPEN-SOURCE SCRIPT

Fractal - VA (Dynamic Wicks)

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This indicator, which we’ve developed as the Frectal - VA (Multi-Timeframe Visual Analytics), is designed for traders who utilize multi-timeframe analysis but want to keep their main chart clean of overlapping candles.

It functions as a Projected Dashboard, pulling price action from a higher timeframe (HTF) and rendering it as a set of dynamic, solid objects in the right-hand margin of your chart.

Core Philosophy
The "Frectal - VA" is built on the principle of Nested Structure. In professional trading, the "Value Area" or the "Fractal" of a higher timeframe often dictates the trend of the lower timeframe. By projecting these candles into the future (the right side of the chart), you can monitor HTF trend shifts, volatility, and candle closes without the HTF candles obscuring your current "live" price action.

Key Components

Decoupled Visualization: Unlike standard MTF indicators that overlay large boxes behind your current bars, this indicator creates a side-by-side comparison in the chart's whitespace.

Real-Time Data Streaming: It doesn't just show historical candles; the "lead" candle in the dashboard updates with every tick of the current price, showing you exactly how the higher timeframe candle is forming.

Dynamic Color Sync: The body, border, and wick of each projected candle are linked. If a 1-hour candle flips from bullish to bearish on a 5-minute chart, the entire dashboard object changes color instantly.

Customizable Offset: You control the "Drop" (Vertical Offset) and the "Margin" (Horizontal Offset). This allows you to tuck the indicator into a corner of your screen as a heads-up display (HUD).

Strategic Use Cases
Trend Confirmation: If you are trading a 1-minute "scalp" but the 15-minute dashboard shows a solid, large-bodied bearish candle, you are alerted to trade with the HTF momentum.

Volatility Monitoring: By observing the size of the wicks in the dashboard, you can see if the higher timeframe is experiencing "rejection" at certain levels, even if your local timeframe looks like a steady trend.

Visual Backtesting: Because it maintains a queue of the last
X
candles, you can see the immediate history of the HTF structure (e.g., a "Morning Star" pattern or "Engulfing" candles) at a glance.

Technical Specifications
Pine Script Version: v6 (latest standard).

Drawing Engine: Uses box and line arrays for high-performance rendering that doesn't lag the UI.

Memory Management: Automatically deletes old objects to stay within TradingView’s script limits, ensuring stability during long trading sessions.

면책사항

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