TB DayProfile (stabil)

TB DayProfile Indicator

The TB DayProfile plots intraday price movements relative to the current day’s opening price. Each bar is shifted so that the daily open acts as a fixed zero line, making it easy to see how far the market has moved above or below the open during the session.

The indicator includes:

Relative intraday bars (iOpen, iHigh, iLow, iClose): Displayed as a custom bar chart, showing price action normalized to the day’s open.

Zero line with color signals: Turns green if the number of consecutive bars above the open exceeds a user-defined threshold, or red if below.

ATR reference bands: Daily ATR(5) from the previous day (scaled by 0.25) is plotted as upper and lower bands, helping to gauge typical intraday ranges.

This tool helps traders quickly identify whether the market is trending strongly away from the daily open, or if price is reverting back toward it, independent of the chosen chart timeframe.