Narrative [#]

11月22日

Narrative [#] - Not predicting, “anticipating”.

Overview
Narrative, is a multi-timeframe technical analysis indicator that provides anticipative candle structure analysis by identifying and visualizing higher timeframe (HTF) price levels based on candle composition dynamics. The indicator calculates hierarchical price zones derived from candle body proportions and wick ranges, then projects these levels as support/resistance quadrants and standard deviation-based extensions for the current and subsequent timeframe periods.

Core Functionality

Narrative Analysis Algorithm
The indicator operates on a user-selectable timeframe (1m through Weekly) and analyzes completed candles to identify structural patterns:

• Body-to-Wick Ratio Analysis: Compares the candle body size relative to upper and lower wicks to determine market structure bias
  
• Quadrant Level Generation: Subdivides identified wick ranges into proportional levels (.25, .5, .75) representing key equilibrium points
  
• Standard Deviation Extensions: Calculates and displays standard deviation bands based on either wick-specific ranges or full candle range (High-Low)
  
• Anticipation Status Classification: Categorizes candle structure as Bullish Expansion, Bearish Expansion, or Consolidation Reversal to telegraph anticipated price behavior
  

What Makes This Indicator Different

Dynamic Level Generation: Unlike static support/resistance tools, Narrative [#] generates levels from actual candle structure proportions rather than lower timeframe structure.
Hierarchical Quadrant System: Provides four distinct sublevel zones within major price ranges, enabling confluence for PD Arrays (Premium/Discount Arrays from ICT), support and resistance and “random” price movements.
Dual STDV Calculation Methods: Offers both wick-specific and full-range standard deviation modes, accommodating different narratives and their key level framework.

Advantages:

Works on any timeframe and any instrument without volume data dependency
Identifies institutional price structure through pure OHLC analysis
Provides forward-looking anticipation rather than reactive analysis

Unique Features:

Extracts pattern-specific information from individual candle structures
Updates on every timeframe change with fresh level calculations
Combines reversal probability assessment with geometric price projections



Technical Specifications
Input Parameters

Narrative Timeframe: Selectable from 1m, 5m, 15m, 1H, 4H, D, W
Show Anticipation Table: Boolean toggle for narrative status display
Reversal Candles Toggle: Master control for all level overlays
STDV Range Options: Toggle between 1-2 STDV (basic) and 3-4 STDV (extended)
Quadrant Display: Individual toggles for .25, .5, .75 level visibility
Customizable Colors: Separate color schemes for bullish, bearish, body, and wick levels
Line Styling: Adjustable line width, style (solid/dotted/dashed), and extension periods

Output Display Elements
Quadrant Levels:

Upper wick quadrants (Price High to Body High)
Lower wick quadrants (Body Low to Price Low)
Body range quadrants (Open-Close range)
Each subdivided into .25, .5, and .75 proportional levels

Standard Deviation Extensions:

±1, ±2, ±2.5 bands (basic mode)
±3, ±4 bands (extended mode)
Full-range or wick-specific calculations

Narrative Table:

Real-time anticipation classification
Timeframe reference
Updates on new candle formation

Optimal Use Cases
Best Performance Timeframes: Weekly, Daily, and 4-Hour (larger sample size for ratio accuracy)

• Primary trend identification and institutional level discovery
  
• Swing trade entry/exit optimization
  
• Multi-timeframe confluence analysis
  

Secondary Timeframes: 1-Hour through 15-Minute

• Intraday precision entry points
  
• Scalp setup confirmation
  
• Micro-level support/resistance zones
  

Supported Instruments: All (Forex, Stocks, Cryptos, Commodities, Indices)

• No instrument-specific calibration required
  
• Pure OHLC-based analysis
  

Trading Applications

• Anticipation Planning: Use the narrative status to pre-position orders ahead of candle close
  
• Level Confluence: Identify zones where quadrants align with other technical tools
  
• Risk Management: Set stops relative to discovered STDV extensions or quadrants
  
• Breakout Validation: Confirm breakouts occur at identified quadrant levels
  
• Reversal Probability: Assess expansion vs. consolidation patterns for mean reversion setups
  

Compliance & Safety

• No Repainting: Levels are calculated once at candle close and remain fixed
  
• No Lookahead Bias: All calculations use closed candle data
  
• Non-Repaint Draw Algorithm: Historical levels persist, new levels overlay forward only
  
• Performance Optimized: Efficiently manages up to 500 lines and labels per chart instance
  

Summary
Narrative [#] bridges the gap between price action analysis and algorithmic level projection by extracting predictive structure from candle composition. It provides institutional-grade level identification without requiring volume data, making it a lightweight yet powerful addition to any technical analysis workflow. The indicator excels at revealing hidden price structure that traditional indicators overlook, offering traders a quantifiable edge in identifying key reversal and continuation zones.

11月22日

リリースノート

Updated Indicator Title properly

11月22日

リリースノート

Updated Anticipation Table Title properly

11月22日

リリースノート

Updated Default Values

3 日前

リリースノート

Added:

Higher Timeframe Dealing Range Quadrants (Prev High, .25, .5 (EQ), .75, Prev Low)



Traders can now confidently identify higher probability PD Arrays using confluence from the Dealing Range Quadrants and includes clearly labels Previous (timeframe) High and Previous (timeframe) Low and quadrants.

Can extend HTF Range lines separately from Candle quadrant and STDV lines.

Adds higher timeframe structure and points of interest for consideration and reversals.