Prior HTF Range Levels [promuckaj]

Prior HTF Range Levels - Indicator developed with idea to mark you prior HTF range levels, including high, low, EQ, 25% and 75% of the range.

There is option to choose desired HTF, by default it is 1H.

Every time when price breach high or low of the prior range there is option to mark the respective bar for you.

It will mark only the first break of the range. There is also option to activate separately alerts for breach of the high or low of the range.

There is option to set % time of HTF range, how many % of time could pass before the breach. For example, 30% of HTF range(1H) means that if you are on 1m chart there must be breach in the first 20 candles on 1m chart because 1H HTF range contain 60x 1m candles, while first 20 is 30% of HTF candle. This could be really useful due to some statistical facts that a lot of traders is using first 30% of a new formed range to break high or low.

There is also countdown that will allow you at real time to see how much bars on your LTF is left until end of a forming new HTF range. There is option to set two colors for this label (red/green by default) which will allow you quickly to see where you are at the moment.

In example below green color means that we are still < 30% of a new forming range, since we set 30% as our threshold, while number is showing us how much bars need to be printed for a new range.


After some time color will change to red since we are now > 30% of a new forming range, and red could means that we are not interesting anymore in prior range.


For all lines, high/low, EQ, 25% and 75% there is option to customize it separately, which means you can set different color, width of line, style of line and size of labels.

Everyone enjoy !