Weekly Market Structure

Weekly Market Structure – HTF

1. Overview
Weekly Market Structure – HTF is an HTF-focused analytical indicator that visualizes weekly (Weekly) market structure and trade distribution (Volume / Footprint) using a virtual candle structure.

This indicator is not a buy/sell signal tool.
It is designed to help traders understand the current market context and, when combined with their own trading style, determine which directional bias is more favorable.

In other words, it is a context- and directional-analysis tool, intended to answer:

“What is the broader market environment right now, and which direction has the structural advantage?”

It focuses on structure and context, not execution signals.

2. Object (Display Method)
This indicator does not directly modify the actual chart candles.
To minimise clutter on the chart,
all information is displayed to the right of the candle in the form of a virtual candle.

(1) Virtual Candle
The weekly chart displays only the virtual candles for the current week and the previous week.
The daily chart displays only the daily, current week, and previous week's virtual candles.
Weekly market structure analysis must be verified on the weekly chart. Additional triggers occur exclusively within the weekly timeframe.
The highs and lows of the virtual candles correspond to the actual candle prices.
Therefore, price levels such as POC, VAH, and VAL can be directly referenced based on the virtual candles.

Price level lines such as POC are displayed as solid lines for the previous week and dotted lines for the current week.



(2) Week Footprint (POC / VAH / VAL)
Utilising Footprint data provided by TradingView,
the next levels based on weekly candles are automatically calculated and displayed.

POC (Point of Control)
VAH (Value Area High)
VAL (Value Area Low)

Both the previous week's (LW) and current week's (W) POC / VAH / VAL are displayed.
We judged it important to reference not only this week's levels but also the previous week's POC / VAH / VAL.

(3) Delta Score
The Delta value of Footprint data is
normalised and displayed within the range 1 to 100.
An intuitive scoring system is adopted instead of listing large numbers.

Positive Delta → Lime color
Negative Delta → Red color
Display format: D 1 to 100

Interpretation point examples
Weekly bearish candle + positive Delta
→ Declining but buy market orders dominate
→ Potential for upward movement / Acceptance possibility

Weekly bullish candle + negative Delta
→ Rising but sell market orders dominate
→ Distribution / Exhaustion possibility



(4) Volume Row (Price-Level Volume Concentration)
Each candle consists of multiple price rows.
This indicator divides the weekly candle's high–low range into the number of rows specified by the user. Since the concentrated sections remain identical regardless, using a custom value makes little difference.

Each row accumulates the lower timeframe (LTF) trading volume,
visualising the concentration of trading activity per price level as a gauge (bar).

It is recommended to view this on the weekly candle.
While it can be observed on lower timeframes, as the data is based on the weekly candle,
the frequency of row volume decreases as the timeframe becomes lower.

Reason
Weekly basis: Approximately 7 days' worth of data accumulated on a 1-hour LTF basis
Daily basis: 1 day's worth of data on a 1-hour LTF basis

Nevertheless, the maximum trading range (core levels) remains sufficiently valuable for reference even in lower timeframes.

Features
Highlighting of maximum trading range (green)
Ability to grasp relative volume distribution
Support for % display option (default OFF)

Interpretation Point Examples
Current Price
Positioned above the high volume gauge zone
→ Relatively high probability of upward movement

When breaking down from above the abundant zone or already positioned below
→ Reduced probability of upward movement, increased probability of downward movement

When the gauge is empty or within the scarce zone
→ Low liquidity
→ Zone of increased volatility

*For reference, last week's candle volume row is absent. (It appears messy.)



3. Who is it suitable for?
Traders who prioritize higher timeframe (HTF) structure
Traders who trade using a top-down approach from HTF to lower timeframe (LTF)
Traders who want to view both the weekly candle's directional bias and the area of concentrated trading activity

4. Final Notes
(1) This indicator is an analytical tool and does not provide buy or sell signals.

(2) All data, excluding the volume row, utilises TradingView's footprint data.
The volume row is based on cumulative volume data from lower timeframes.

(3) This tool has various potential applications depending on the user's approach, beyond the usage methods I have described.
This tool is not designed for a fixed analytical approach but to complement the user's existing trading style. Its usefulness may vary depending on the trader's level of experience.

(4) When applying replays, due to the code's characteristics, the object will only display if the forward button is pressed immediately after jumping to a past point.

(5) When the trend is extremely strong, analysis should be based on the trend direction. Nothing can beat the trend. Conduct analysis based on trend following.
(Do not seek support lines during the collapse phase after a distribution structure is complete)
(Do not attempt short positions at resistance lines during the primary ascent phase after an accumulation structure is complete)

(6) Indicator settings only include visual options such as object activation. Remove unnecessary objects according to your purpose.