cd_respect2_EQ_Cx

🔹 Overview:
Many traders form a bias or look for trade setups by analyzing the high (H) and low (L) of previous higher timeframe candles. For example: a close above the previous daily high, a failure to close after breaking the high, or approaching the level without making a new high. As we’ve been taught to focus on these key levels, I wanted to draw attention to what's happening at the mid-levels (Equilibrium) of the current and higher timeframe candles.

We’ve all heard the phrase “Strong price reacts from equilibrium,” yet most of us wait at the extremes.

While working on equilibrium levels of both higher timeframes and the current timeframe, I noticed that when a current candle closes above/below the previous HTF candle's high/low, price often respects the part of the candle that caused the break — which I refer to as the Last Block. When respected, price tends to continue with momentum; when lost, a pullback or reversal often follows.
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🔹 About the Indicator:
This tool analyzes four different higher timeframes and shows:
• Current candle equilibrium levels
• Previous candle equilibrium levels (2 display options):
1. On Box – classic display
2. On Candle – equilibrium is linked to the last candle that includes the level, making those candles more meaningful or "strengthened"
• Alerts (standard) and on-screen warnings when price approaches previous equilibrium levels
• High/Low levels of previous HTF candles
• High/Low levels of live HTF candles
• Last Block: the upper or lower part of the candle that caused the breakout when price closes above/below the previous HTF high/low
• Countdown timer until the close of selected HTFs
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🔹 Menus & Usage:

🔸 Show/Hide Tab:

• Toggle Previous Equilibrium display (On Candle / On Box)
• Toggle Live Equilibrium levels, color selection, and left extension
• Toggle Current Candle Equilibrium and colors
• Alert on Chart: flashing on-screen visual alert
• Approach Limit: sets how close price must be to trigger alert
• Remaining Time (RT): toggle countdown display for selected timeframes
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🔸 HTF H/L Levels Tab:

• Show previous and live HTF candle highs/lows
• Customize colors, starting points, and left extension options
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🔸 Timeframes & Options Tab:
https://www.tradingview.com/x/CDCSU5rr/• Select which timeframes to display
• Choose level colors
• Enable price alerts
• Control visibility in the time chart
• Toggle Last Block display (close-to-high/low)
🔸 Look Back HTF Candles Tab:
• Delete filled levels: removes invalidated zones; only unmitigated remain
• Back Control: set how many candles to look back per timeframe (unlimited if not set)
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🔸 HTF Boxes Tab:
https://www.tradingview.com/x/T6g1yv48/
• Display HTF candles in boxes
• Set colors (single color or per timeframe)
• Adjust font sizes across the chart
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🔹 Usage & Last Blocks:
The core idea behind both equilibrium levels and last blocks is:
Price should “gain” and respect them to validate continuation.
Viewing multiple timeframes together strengthens bias.
Each level is treated as part of the candle it's associated with — defining the “area to be gained.”
“Did price respect the level because of that candle, or did the candle gain significance because it aligned with the level? That’s open for debate.”
(In my opinion, the candle gains significance because it aligns with the level.)
When respected, these levels/blocks act as support; when lost, they act as resistance.
In suitable timeframes, reclaiming previous equilibrium levels may be interpreted as choch/ cisd / idm depending on the context.
The real-time equilibrium box is colored bullish if the price is above the equilibrium level across all selected timeframes, bearish if below, and range-colored when in between. (Bias)
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🔹 Usage Example – Last Blocks:
I personally trade on 1-minute and use Daily / H4 / H1 / 15m as selected timeframes.
For example, if price reclaims the previous 15m level, I view it as a change of character. I then expect the next candle to show respect in that direction.
Choose timeframes based on your trading style.
Sometimes, HTF levels (past and live) cluster tightly — these areas are key watch zones for me.
That’s the reason I decided to share this indicator.
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🔹 Chart Examples:
🔸 Example 1:
https://www.tradingview.com/x/G1fQ35TU/

Price closes above both the 12:45 15m candle and the 12:00 H1 equilibrium levels.
Last Block forms. After retracing, price mitigates the block and respects live equilibrium levels (H4/H1/15m).

🔸 Example 2:
https://www.tradingview.com/x/RnBbPBOv/

Explained on chart – Levels that pushed price down in the bearish trend later acted as support.

🔸 Example 3 – CHoCH/CISD/IDM Alternative:
https://www.tradingview.com/x/IFr35q9s/

Explained on chart – Replacing structural signals with equilibrium levels.
Trick: I see this pattern often — very effective.

🔸 Example 4:
https://www.tradingview.com/x/Dv7nC0HI/

Many levels are clustered in a narrow range; price shows respect across the board.
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🔹 Final Note:
Hope you like the tool. I’d love to hear your thoughts and suggestions.
"Keep in mind, strong price reverses from equilibrium."
Cheerful trading!
Enjoy!
Notes: "Examples have been added to the comments section."