Participation-Weighted Orderflow Bubbles (HTF / LTF Context Tool

This indicator visualizes participation-weighted market pressure by aggregating lower-timeframe price and volume data into higher-timeframe context bubbles. It is designed to help identify directional dominance, balance, and absorption across timeframes. This is a context and bias tool, not a trade signal generator.

What the indicator shows


Each bubble represents a single chart bar, built from lower-timeframe candles.

Total Notional

Aggregated volume multiplied by price from lower-timeframe candles.

Buy / Sell Proxies

Lower-timeframe candles are classified based on where they close within their range:
– Close near the high → buy-side proxy
– Close near the low → sell-side proxy
– Middle of the range → neutral

Delta (USD and %)

Buy proxy notional minus sell proxy notional, expressed as both absolute USD delta and percentage of total notional.

Bubble colors

Green

Buy-side participation dominance.

Sell color (user configurable)
Sell-side participation dominance. The default is chosen for visibility on bearish candles and can be changed in settings.

Grey

Balanced participation. Indicates two-way trade, consolidation, or auction.

Yellow (Absorption)

High notional with limited price movement, suggesting potential absorption or distribution.

Coloring uses both relative dominance (delta percentage) and absolute dominance (minimum delta in USD), which improves behavior on higher timeframes.

Bubble size and visuals

• Bubble size scales with total notional.
  
• HD glow layers adapt automatically by timeframe.
  
• Bubbles are drawn in front of candles for clarity.
  
• Optional text displays delta and total notional.
  
• Hovering over a bubble shows detailed information including total notional, buy/sell/neutral proxies, delta values, absorption status, and the number of lower-timeframe candles used.
  

Timeframe behavior


The indicator is designed to work across multiple timeframes. On higher timeframes, more grey bubbles are expected due to natural auction and balance behavior. Colored bubbles on higher timeframes represent sustained participation rather than short-term momentum. Visual density and performance are automatically adjusted on higher timeframes.

How to use it


Recommended workflow:


1. Higher timeframe (1H, 4H, Daily)

Use the bubbles to identify dominant buy or sell participation, balance zones, and absorption near highs or lows.

2. Lower timeframe (5m, 15m)

Take trades in alignment with the most recent higher-timeframe dominance. Be cautious or range-focused inside higher-timeframe balance zones. Use structure and price action for entries.

What this indicator is not

• This indicator does not show true bid/ask data.
  
• It does not display actual market versus limit orders.
  
• It does not replace a DOM or exchange orderflow feed.
  
• It should not be used as a standalone entry signal.
  

The indicator works within TradingView’s available data and provides a probabilistic, participation-weighted view of market pressure rather than true tape or orderflow data.

Best practices


Use a 1-minute lower timeframe for best results.
Avoid setting the lower timeframe too high relative to the chart timeframe.
Combine this tool with structure, levels, and session context.
Treat grey bubbles as information about balance, not as noise.

This tool is intended for traders who want better context and bias, not more signals.