Higher Timeframe Candle Levels is a free TradingView indicator that plots seven higher timeframe candle structures(from 1 hour to yearly) directly on your chart as support and resistance. It includes trend candle coloring, a trend strength scoring table, a trailing stop loss, level labels and alerts for traders who want multi-timeframe context on any market.
WHAT IT DOES
The indicator maps higher timeframe candle structures onto your chart as support and resistance, with trend scoring, candle coloring, a trailing stop loss and full alerts.
The indicator plots 6 levels per candle for each timeframe: current candle open, previous open, previous high, previous low, previous close and previous candle body midline. Timeframes available are 1 hour, 4 hour, daily, weekly, monthly, quarterly and yearly. Each level paints green for an up candle or red for a down candle, with midlines and current open in a distinct color for easy differentiation. You can control how many previous candles display per timeframe and extend daily-and-above levels to the right when price is breaking beyond all visible levels.
This feature paints your chart candles based on whether the current close is above or below a higher timeframe candle’s midline, candle body or high/low, your choice. An up color shows when price is above the selected reference, a down color when below, and a neutral color when inside. For example, with “candle body” selected, candles paint the up color when price closes above the body top, down when below the body bottom, and neutral when inside helping you trade breakout momentum from the higher timeframe candle structure. Make sure to turn off default candle colors in chart settings for this to display properly.
A table at the bottom of the screen shows a trend strength score for each higher timeframe. If price is above the midline, its strength is 1. Above the candle body, 2. Above the high, 3. The same logic applies in reverse for bearish scores of -1, -2 and -3. A total score on the far right adds all timeframe scores together. Each timeframe scores up to ±3. Wait for a high total score relative to the number of enabled timeframes before trading to ensure you’re trading with the strongest multi-timeframe alignment.
A stop loss feature follows the most recent higher timeframe candle’s trend using the candle body, high/low or midline. Your choice of reference and direction (long or short). When a new higher timeframe candle forms, the stop loss updates automatically to the new level. In long mode with “candle body” selected, it uses the lowest body level of the previous candle (open for up candles, close for down candles). A historical line shows where the stop was set previously. The high/low setting is recommended, especially when the market starts trending.
Labels identify each level starting from the 4-hour timeframe and above so you can tell exactly what level you’re looking at even when the rest of the candle is off-screen. Label colors match the candle direction, label positioning is adjustable, and each timeframe’s labels can be toggled independently. 1-hour labels are excluded to avoid chart clutter.
The indicator includes trend change alerts based on your Trend Candle Coloring settings. The Trend Candle Coloring feature must be turned on when creating these alerts. It also has level touch alerts for open/close, high/low, midline or any level per timeframe, so you get notified when price reaches a higher timeframe level on any of your favorite tickers.
INTERPRETATION GUIDE
The highs and lows of daily-and-above levels are excellent reversal zones. Watch for price to struggle at these levels and trade the reversal, or if price breaks through easily, watch for a retest and trade the continuation. The open, close and midline levels are strong bounce zones. Watch for wicks beyond these levels with closes back on the other side as confirmation of a bounce.
Higher Timeframe Candle Levels, Trend Strength and Breakout Scanner all use the same levels and calculate trend scores the same way. Use Trend Strength to see historic and current trend direction visually. Use the Breakout Scanner to find which markets are trending strongest across multiple tickers. All three are designed to work together.
CONFIGURATION
The indicator is fully customizable. Each timeframe, level type, visual element and alert can be independently toggled. Here are the key settings.
GOOD TO KNOW
FREE ON TRADINGVIEW
Add it to your TradingView charts and start trading with multi-timeframe support and resistance levels today. No subscription required.
COMMON QUESTIONS
CHANGELOG
Restructured the request.security calls to use a more efficient structure that stays under TradingView's 40 unique call limit, making the indicator compatible with all subscription tiers.
First public release of Higher Timeframe Candle Levels with 7 timeframes, trend candle coloring, trend strength scoring table, trailing stop loss, level labels and alerts.
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Auto fibonacci retracement and extension levels from the previous high and low. Layer with higher timeframe candle levels to see where fibonacci zones and candle structure support/resistance overlap.
