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Consolidation Ranges [kingthies] Consolidation Range Analysis Published by Eric Thies, January 2021 █ Indicator Summary This tool calculates, analyzes and plots the visualization of a relative range over a given period of time By adding to charts, users are enabled to see the impulsive nature of market cycles, along with their efforts to consolidate thereafter The default period is 30, and should be adjusted to users preference The default input is the current close price, on the chosen timeframe of the chart █ Script Source // //@version=4 //© kingthies || This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org study("Consolidation Ranges ", shorttitle="CR ", overlay=true) // !<------ User Inputs -----> src = input(close, title='Range Input (Default set to Close'), lengthEMA=input(30,title='Length'),zoneToggle = input(true, title="Toggle Zone Highlights"), iCol = color.new(#FFFFFF, 100), // !<---- Declarations & Calculations ---- > trndUp = float(na),trndDwn = float(na), mid = float(na), e = ema(src, lengthEMA) trndUp := src < nz(trndUp ) and src > trndDwn ? nz(trndUp ) : high, trndDwn := src < nz(trndUp ) and src > trndDwn ? nz(trndDwn ) : low, mid := avg(trndUp, trndDwn) // !< ---- Plotting -----> highRange = plot(trndUp == nz(trndUp ) ? trndUp : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Top of Period Range") lowRange = plot(trndDwn == nz(trndDwn ) ? trndDwn : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Bottom of Period Range") xzone = plot(zoneToggle ? src > e ? trndDwn : trndUp : na, color=iCol, style=plot.style_circles, linewidth=0, editable=false) fill(highRange, xzone, color=color.lime,transp=70), fill(xzone, lowRange, color=color.red,transp=70) //
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kingthies의
13
@thecf RSI + 12-EMA + Magic 89-EMA + RangesThis RSI has a couple modifications. It works with bullish and bearish control zones and implements both a 12 EMA as well as the "magic" 89 Moving Average. First, the ranges. Whenever the RSI moves above 65 the bulls are in control. Whenever the RSI moves blow 45 the bears are in control. Everything in between in neutral. Traders can use these levels for information on strength of either bulls or bears and also for support and resistance . Both EMAs are best used for crossovers, as well as support and resistance . The idea for the "magic" 89 moving average, originally stems from Fibonacci values that some traders like to use for support and resistance on price. From observation, it holds more information though, when used as a moving average of the RSI and in combination with a 12 EMA . When the RSI crosses above the 89 moving average, it can be interpreted as a potential shift in trend up. The 12 EMA then shortly afterwards usually confirms it by also crossing above the 89 moving average. The 89 moving average can also signalize a potential shift in trend coming up when reaching 70. The magic MA works best on timeframes like the daily and upwards. For more information about the indicator feel free to leave a comment.
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VEGAlgo의
1
PB Opening Bar RangesPB Opening Bar Ranges identifies the high and low ranges of those market opens and is to be used as an overall strategy with PB Market Opens. This is different to indicators out there as it is specific to the Market Opens strategy This indicator identifies opening range for any time frame. You can use it to trade out of opening ranges after Gold Pit Opens and Stock exchange opens. For best results, do the following Gold use the 5 minute time frame Forex and Currency futures 10 minute time frame. Indexes use the 15 minute time frame. This will be available to lease, please private message us to find out more
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xBratSoftwareSolutions의
Kalihari_Brothers_PRBBasic principle support ,resistance and flipping of support n resistance (support becomes resistance ,resistance becomes support).. DRB- Previous Day Range High ( PDH ) and Low ( PDL ) WRB- Previous Week Range High (PWH) and Low (PWL) MRB - Previous Monthly Range High (PMH) and Low (PML) It gives Trending Market Signal for bullish (price breaks PDH range continuous in up direction and make support) and similarly for bearish (price breaks PDL range continuous in down direction and make resistance).. For sideways/Non-trending market stay with in a range not break high and low..(stay away from it).. DRB act as minor support and resistance .. WRB and MRB act as major support and resistance ...
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KalihariBrothers의
Volume Range EventsChanges in the feelings (positive, negative, neutral) in the market concerning the valuation of an instrument are often preceded with sudden outbursts of buying and selling frenzies. The aim of this indicator is to report such outbursts. We can see them as expansions of volume, sometimes 10 times more than usual. and as extensions of the trading range, also sometimes 10 times more than usual (e.g. usual range is 10 cent suddenly a whole dollar.) The changes are calculated in such a way that these fit between plus and minus 100 percent, the bars are scaled in some sort of logarithmic way. The Emoline is the same as the one in the True Balance of Power indicator, which I already published ONLY RISES ARE EVENTS Sometimes analysts are tempted to give meaning to low volume or small ranges. These simply mean that the market has little interest in trading this instrument. I believe that in such cases the trader needs to wait for expansion and extension events to happen, then he can make a better guess of where the market is heading. As events often mark the beginning or ending of a trend, this indicator provides an early and clear signal, because it doesn’t bother us about non-events. WHAT IS USUAL? If the algorithm would use an average as a normal to scale volume or range events, then previous peaks will act as spoilers by making the average so high that a following peak is scaled too small. I developed a function, usual() , that kicks out all extremes of a ‘population of values’ and which returns the average of the non-extreme values. It can be called with any serial. This function is called by both algorithms that report volume and range peaks, which guarantees that the results are really comparable. As this function has a fixed look back of 8 periods, we might state that ‘usual’ is a short lived relative value. I think this doesn’t matter for the practical use of the indicator. COLORING AND INTERPRETATION I follow the categories in the ‘Better Volume Indicator’, published by LeazyBear, these are: 1. Climactic Volumes, event >40 % (this means peak is 1.5 X usual) LIME: Climax Buying Volume, direction up, range event also > 30 % RED: Climax Selling Volume, direction down, range event also > 30 % AQUA: Climax Churning Volume, both directions, range event < 30% 2. Smaller Volumes, event <40 % GREEN: Supportive Volume, both directions, if combined with range event BLUE: Churning Volume, both directions, if not combined with range event (Professional Trading) 3. Just Range Events BLACK histogram bars (Amateurish Trading)
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eykpunter의
7
NQ Manipulation/Distribution Projections + Average RangeThis is not your typical OHLC indicator :) Overview: The Manipulation/Distribution Projections (OHLC Stats) indicator is a powerful tool designed to forecast potential price levels for various timeframes. It operates on a simple yet profound principle: price action within a single candle can be broken down into "manipulation" and "distribution" phases. By analyzing over 17 years of historical data for major assets in Python, this script calculates the average (mean) and typical (median) extent of these movements. These statistical insights are then used to project key levels on your chart based on the current period's opening price, providing a statistically-grounded framework for potential support, resistance, and price targets. Key Concepts Explained The indicator's logic is based on how price wicks and bodies form relative to the opening price. • Manipulation: This refers to the initial move that goes against the candle's eventual direction. For a bullish candle, it's the lower wick (the move from the open down to the low before reversing higher). For a bearish candle, it's the upper wick (the move from the open up to the high before selling off). It represents a "fake out" or a stop hunt. • Distribution: This is the primary, directional move of the candle from the opening price. For a bullish candle, it's the distance from the open to the high. For a bearish candle, it's the distance from the open to the low. It represents the "real" intended direction of price for that period. How It Works This indicator does not calculate these ratios in real-time. Instead, it leverages a comprehensive statistical analysis performed externally in Python on over 17 years of OHLC data. This analysis determined the mean and median ratios for both Manipulation and Distribution movements across different timeframes and, for intraday periods, different times of day. These pre-computed, static ratios are embedded directly into the script. When a new period begins (e.g., a new day on the Daily timeframe), the indicator: 1. Takes the opening price for that period. 2. Retrieves the corresponding pre-calculated Manipulation and Distribution ratios. 3. Applies these ratios to the opening price to project eight potential price levels: o + / - Mean Distribution o + / - Median Distribution o + / - Mean Manipulation o + / - Median Manipulation This approach provides a stable, forward-looking set of levels for the entire duration of the trading period. ________________________________________ Features • Statistically-Derived Projections: Plots eight key price levels based on historical tendencies, providing clear potential zones for entries, exits, and stop placement. • Selectable Timeframe: Choose to view projections for the 1H, 4H, 1D, or 1W periods directly from the settings. • Dynamic Stats Table: A powerful, on-chart dashboard that provides real-time context. For all four timeframes (1H, 4H, 1D, 1W), it shows: o Position: Where the current price is relative to the projected zones (e.g., "In +Manip Zone," "Below -Dist"). o Range Completed: The percentage of the historical average range that the current period has already covered. o Current & Average Range: The current high-to-low range in points vs. the historical average. • Historical Context: You can display levels for previous periods to see how price has interacted with them in the past. • Full Customization: Control the color, style, and visibility of every line, label, and fill to match your chart's theme. ________________________________________ How to Use This indicator is versatile and can be integrated into various trading strategies. • Identifying Targets & Reversal Zones: The Distribution levels (especially the zone between the median and mean) can serve as logical take-profit targets, as they represent a historical point of extension. Conversely, Manipulation levels can indicate areas where price might form a wick and reverse. • Gauging Volatility: Use the Stats Table's "Range Completed" column to assess market conditions. If the 1D range is only 30% complete by mid-day, there may be room for significant expansion. If it's already at 150%, the market might be overextended and due for consolidation. • Multi-Timeframe Confluence: Use the Stats Table to quickly check if the price on a lower timeframe (e.g., 1H) is approaching a significant level on a higher timeframe (e.g., 1D), adding more weight to that level. • Defining Bias: If the price opens and holds above the Manipulation zones, it can signal a strong directional bias for the rest of the period. ________________________________________ Settings • Projection Timeframe: The primary timeframe for which to calculate and display the levels. • Historical Periods to Show: Set to 1 for only the current period, or increase to see how levels from past periods held up. • Timezone: Set the timezone for accurate hourly calculations (defaults to America/New_York). • Visuals: Customize the appearance of the projection lines, labels, and the shaded zones between mean and median levels. • Stats Table: Enable/disable the table and configure its position, size, and colors. ________________________________________ Disclaimer: This indicator is for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. All trading involves risk, and past performance is not indicative of future results. Please do your own research and risk management. Enjoy!
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tncylyv의
3
ADR - Average Daily Range [KasTrades]This is an Average Daily Range (ADR) indicator. There are two settings for ADR: Two Look back period ADR range (e.g. 7 and 14 days) One Look back period ADR (e.g. 5 days only) Two day ADR ranges are typically used in equities and index futures whereas one day ADR is typically used in forex. The opening time by default is 17:00 New York (Eastern) time. The ranges are always calculated from the opening price of the first bar on the respected timeframe.
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KasTrades14의
Sessions [Trade Tribe HQ]Color-coded session ranges with ADR% labels to help you trade smarter, not harder. This tool marks New York, London, Tokyo, and Sydney sessions, showing their ranges, highs/lows, VWAPs, and ADR%. 🔹 Key Features Colored session boxes (NY, London, Tokyo, Sydney) Session highs & lows, VWAP, and trendlines Dashboard showing active sessions, volume, and %ADR ADR% labels at session close 🔹 How It Helps Spot session traps, moves, and reversals faster Manage expectations using ADR% (no chasing over-extended moves) Identify overlap zones (London → NY) for volatility spikes Simplify cycle tracking across global markets Market Sessions Marker—making it easy to see where the energy has been spent and where opportunity is building next. Created with ❤️ by TraderChick – part of the Trade Tribe HQ community. If you found this tool useful, check out my profile for more strategies, classes, and resources.
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EricaLorrai의
ORB Pro w/ Filters + Debug + ORB Fib + Golden Pocket + HTF Trend🚀 ORB Pro – Advanced Opening Range Breakout System A professional ORB indicator with built-in filters, retest confirmation, EMA/HTF trend alignment, and automatic risk/reward targets. Designed to eliminate false breakouts and give traders clean LONG/SHORT signals with Fibonacci and debug overlays for maximum precision. This script is an advanced Opening Range Breakout (ORB) system designed for futures, indices, and options traders who want more precision, cleaner entries, and higher win probability. It combines classic ORB logic with modern filters, Fibonacci confluence, and higher-timeframe trend confirmation. The indicator automatically: Plots the ORB box based on user-defined NY session times (default: 9:30–9:45 EST). Generates long/short signals when price breaks the ORB range, with optional conditions like: Candle close outside the range Retest confirmation (with tolerance %) Volume spike validation EMA trend alignment Higher-timeframe EMA slope alignment Cooldown filters to prevent over-trading Integrates Fibonacci retracements & extensions from the ORB box for confluence levels. Includes Golden Pocket (0.5–0.618) retests for precision entries Risk/Reward visualization — automatically plots stop loss and take profit levels based on user-defined R:R or fixed % levels. Debug mode overlay to show why a signal is blocked (e.g., low volume, ORB too small, too late, wrong trend). This tool is built for scalpers, day traders, and 0DTE options traders who need both flexibility and discipline. ⚙️ Inputs & Features ORB Settings ORB Start & End Time (NY) → Default: 9:30–9:45 Require Candle Close → Ensures breakouts are confirmed, not wick traps. Retest Confirmation → Optional retest before entry (tolerance % adjustable). Filters Volume Spike → Validates breakouts only with above-average volume. EMA Trend Filter → Confirms trade direction with EMA slope. Higher Timeframe Trend → Optional (e.g., 15m ORB with 1h EMA alignment). Cooldown Bars → Prevents consecutive false signals. ORB Size Filter → Blocks signals when ORB is too small/too large. Fibonacci Levels Retracements: 0.236, 0.382, 0.5, 0.618, 0.786 Extensions: 1.272, 1.618 Golden Pocket Retest filter for high-probability trades Risk Management R:R Stops/Targets → Automatically plots SL/TP levels. Custom Stop % / Take Profit % if not using R:R Debug Overlay → Explains why signals are blocked 🧑‍💻 How to Use Load the indicator on your chart (works best on 1m, 5m, and 15m). Adjust ORB window (default 9:30–9:45 EST). Select filters (candle close, retest, volume, EMA, HTF trend). Watch for Long/Short labels outside ORB box with filters aligned. Manage trades using plotted SL/TP levels or your own Webull/R:R calculator. ✅ Best Use Cases Futures (NQ1!, ES1!) ETFs (QQQ, SPY, IWM) 0DTE Options Trading Scalping around market open ⚠️ Disclaimer This tool is for educational purposes only. It does not constitute financial advice. Trading carries risk, and past performance does not guarantee future results. Always test on paper trading before using real capital. ----------------------------------------- ORB Pro w/ Filters + Debug + ORB Fib + Golden Pocket + HTF Trend A professional Opening Range Breakout (ORB) toolkit designed for intraday traders who want precision entries, risk-managed exits, and layered confirmation filters. Built for futures, stocks, and ETFs (e.g. NQ, ES, QQQ). 🔎 Core Logic This script plots and trades breakouts from the Opening Range (9:30 – 9:45 NY time), then applies multiple confirmation filters before signaling a LONG or SHORT setup: ORB Box: Defines the first 15 minutes of market activity (customizable). Breakout Candle Confirmation: Requires a candle close outside the ORB box. Retest Confirmation: Price must retest the ORB edge within tolerance before triggering. Trend Filter: EMA confirmation to align trades with intraday trend. Higher-Timeframe Trend Filter: Optional (default: 45-minute EMA) to avoid countertrend trades. Fibonacci Levels: Auto-plot retracements (0.236 → 0.786) for confluence and trade management. Golden Pocket Retest (Optional): Adds an extra precision filter at 0.5–0.618 retracement. ⚙️ Default Settings (Optimized for Beginners) These are the pre-configured inputs so traders can load and trade immediately: ORB Session: 9:30 – 9:45 NY ✅ Require Candle Close Outside ORB ✅ Require Retest Confirmation (tolerance 0.333%) ❌ Require Volume Spike (off by default, optional toggle) ✅ Require EMA Trend (50 EMA intraday) ✅ Require Higher-TF Trend (45m, EMA 21) ❌ Higher-TF EMA slope required (off) ✅ Cooldown Between Signals (10 bars) ORB % Range: Min 0.3%, Max 0.5% Max Minutes After ORB: 180 ✅ ORB-based Risk/Reward Stops & Targets (default: 2R) Stop Loss: 0.5% (if not R:R) Take Profit: 1% (if not R:R) ✅ Debug Overlay (shows why signals are blocked) ✅ Fibonacci Retracements Plotted ❌ Extensions (off by default, toggle if needed) ✅ Golden Pocket Retest available, tolerance 0.11 (optional) 📈 Signals Green "LONG" Label: Valid breakout above ORB with trend confirmation. Red "SHORT" Label: Valid breakdown below ORB with trend confirmation. Blocked (debug text): Signal suppressed by filters (low volume, too late, no retest, etc.). 🎯 Trade Management Default R:R is 2:1 (stop at ORB edge, TP projected). For manual trading (e.g., Webull, IBKR), you can use the plotted TP/SL boxes directly. Fibonacci + Golden Pocket give additional profit-taking levels and retest filters. ✅ Best Practices Use 15m chart for main ORB entries. Confirm direction with HTF trend (45m EMA by default). Avoid signals blocked by “Low Volume” or “Too Late” (debug helps identify). Adjust ORB % range for asset volatility (tight for ETFs, wider for futures). 🚀 Why ORB Pro? This is more than a standard ORB indicator. It’s a professional breakout system with filters designed to avoid false breakouts, automatically handle risk/reward, and guide traders with clear visual signals. Perfect for both systematic day traders and discretionary scalpers who want structure and confidence. 👉 Recommended starting point: Load defaults → trade the 15m ORB with EMA + HTF filters on → let the script handle retests and stop/target placement.
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TradeswithB의
4
Elite Entries Range Setter Premium Elite Entries Range Setter **What it is** Elite Entries Range Setter builds a simple but sturdy market map: a predictive range on a higher timeframe, mid-levels between those lines, and **filtered breakout signals** plus **auto-drawn support/resistance zones** (with optional retest tags). It’s designed for day traders who want structure without noise—and swing traders who like to anchor to a higher-timeframe heartbeat. What it gives you * **Predictive range grid** (R2 / R1 / AVG / S1 / S2) computed from your chosen TF with adaptive ATR logic. * **MTF signal engine**: breakouts are detected on your selected *Signal TF* while ranges come from the range TF—clean separation of “map” vs “trigger.” * **Mid-lines** between range levels for bounce/continuation context (visual only here). * **Auto Zones**: when price crosses a key line (range or mid), a shaded support/resistance box is created. Zones extend until broken; they dim when invalidated. * **Optional Retests**: label when price re-tests a fresh zone and rejects/holds (cooldowns included). * **Stacked Filters**: RSI, Volume EMA, and MA direction—use one, some, or all to tighten signals. * **Session awareness**: choose to limit signals/zone creation to New York hours. * **Alerts**: one consolidated breakout alert + dedicated zone-retest alerts. --- How to use (the 60-second setup) 1. **Pick your Range TF** (default 15m). This sets the “grid” (R2/R1/AVG/S1/S2). 2. **Choose your Signal TF** (can be same as chart or different). This is where breakouts are confirmed. 3. **Turn on filters** to taste: * **RSI** for momentum extremes (OB/OS configurable) * **Volume EMA** for participation (Above/Below) * **MA direction** for trend alignment (EMA/SMA/HMA, configurable length) 4. **Zones**: leave enabled to auto-box supports/resistances when lines are crossed. Adjust size by **Ticks** or **ATR ×** for instrument sensitivity. 5. **Alerts**: add “**Grid Breakout (Filtered)**” for trade triggers, and “Zone Bullish/Bearish Retest” if you trade pullbacks. --- Inputs that matter * **Range Setter** * *ATR Length / Factor*: controls how wide the predictive range breathes. * *Timeframe*: TF used to compute the grid (e.g., 15m). * *Candlestick Type*: Traditional or Heikin-Ashi source. * **Filter Options** * *RSI*: Period + OB/OS thresholds. * *Volume EMA*: Period + Above/Below condition. * *MA Filter*: EMA/SMA/HMA + length; must be above (long bias) or below (short bias). * **Trading Grid** * *Signal TF*: where breakouts are detected. * *Use MTF Signals*: toggle to confirm on a different TF than your chart. * *Session Filter (NY)*: gate signals to the cash session. * **Zones** * *Only Create During NY Session*: keep structures “day-true.” * *Size Mode*: **Ticks** (precise) or **ATR ×** (adaptive). * *Retests*: on/off, min bars between retests, label size, colors. * *Avoid Dupes at Same Level*: keeps the chart tidy. --- Signals & Alerts * **Breakout UP / DN**: confirmed cross of a mid or range line **and** all active filters pass. * *Create alert:* **Grid Breakout (Filtered)** * **Zone Retests**: optional labels/alerts when price wicks into a fresh zone and closes back out in the expected direction. * *Create alerts:* **Zone Bullish Retest**, **Zone Bearish Retest** *Pro tip:* Because the range grid comes from a (possibly) higher TF and signals can be confirmed on a different TF, you avoid most LTF chop while still reacting quickly. --- Good habits (a trader’s creed) * **Trust, but verify.** Filters help, not save. Read the tape: wicks, spreads, and time-of-day matter. * **Let sessions speak.** NY hours tend to carry the volume; gating to session can reduce false pops. * **Adjust zone size to the instrument.** Use ATR × on volatile tickers/futures; use Ticks for clean FX/Index contracts. * **Mind the load.** If you enable many zones on very low TFs, consider trimming history or increasing tick size for performance. --- Repainting & behavior notes * Range levels are computed with `request.security(..., lookahead=off)` and only update as the higher-timeframe bar evolves/finishes. * Breakout checks also use `lookahead=off`. Signals confirm on the **close** of the chosen *Signal TF*. * Zone creation happens on **confirmed bars** to reduce flicker. * No backtest or strategy orders—this is an **indicator** for discretionary or rule-based trading with external execution. --- Who it’s for Day traders who want **clear structure + filtered triggers**. Swing traders who anchor to a higher-TF grid but demand timely confirmation. Anyone tired of random “buy/sell” confetti and ready for a **map, a method, and a mute button** for the noise. --- Final word Markets are poetry and math—this tool sketches the meter so you can hear the rhyme. Keep risk first, keep faith in your process, and let disciplined edges do the talking. ✨ *Educational use only. Not financial advice. Trade responsibly.*
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MooreMuzik의
2
Monday's Range Superpowerkyu🔔 Settings You can customize the colors and toggle ON/OFF in the indicator settings. Works on daily, hourly, and minute charts. Easily visualize Monday’s high, low, and mid-line range. 📌 1. Support & Resistance with Monday’s Range Monday High: Acts as the first resistance of the week. ◽ Example: If price breaks above Monday’s high after Tuesday, it signals potential bullish continuation → long setup. Monday Low: Acts as the first support of the week. ◽ Example: If price breaks below Monday’s low, it signals bearish continuation → short setup. 📌 2. Mid-Line Trend Confirmation Monday Mid-Line = average price of Monday. Price above mid-line → bullish bias. Price below mid-line → bearish bias. Use mid-line breaks as entry confirmation for long/short positions. 📌 3. Breakout Strategy Break of Monday’s High = bullish breakout → long entry. Break of Monday’s Low = bearish breakout → short entry. Place stop-loss inside Monday’s range for a conservative approach. 📌 4. False Breakout Strategy If price breaks Monday’s high/low but then falls back inside Monday’s range, it is a False Breakout. Strategy: Trade in the opposite direction. ◽ False Breakout at High → short. ◽ False Breakout at Low → long. Stop-loss at the wick (extreme point) of the failed breakout. 📌 5. Range-Based Scalping Use Monday’s high and low as a trading range. Sell near Monday’s High, buy near Monday’s Low, repeat until breakout occurs. 📌 6. Weekly Volatility Forecast Narrow Monday range → higher chance of strong trend later in the week. Wide Monday range → lower volatility expected during the week. 📌 7. Pattern & Trend Analysis within Monday Range Look for candlestick patterns around Monday’s High/Low/Mid-Line. ◽ Example: Double Top near Monday’s High = short setup. ◽ Repeated bounce at Mid-Line = strong long opportunity. ✅ Summary The Monday’s Range (Superpowerkyu) Indicator helps traders: Identify weekly support & resistance Confirm trend direction with Mid-Line Trade breakouts & false breakouts Apply range scalping strategies Forecast weekly volatility ⚡ Especially, the False Breakout strategy is powerful as it captures failed moves and sudden sentiment reversals.
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superpowerkyu의
Objective Doji Highlight (Range-Relative)This indicator highlights Doji candles using an objective, mathematics-based rule: a bar is Doji when the absolute difference between its open and close is less than or equal to a user-defined fraction (x) of that bar’s high–low range. How it works: Compute body size as the absolute difference between open and close. Compute the bar’s range as high minus low. Classify as Doji when body size ≤ x × range. Only Doji candles are colored; non-Doji bars remain unchanged. Inputs Doji threshold (x of range): tolerance (0–1) controlling how small the body must be relative to the range. Doji Candle Color: visual color for detected Doji candles. Example: If x = 0.10 and a candle has high = 100 and low = 90 (range = 10), the maximum allowed body is 1. If the difference between open and close is ≤ 1, the candle is marked as Doji. Why it can be useful Doji candles are often studied as signs of market indecision. This tool provides a clear, parameter-based way to identify them consistently across any timeframe, without discretionary interpretation. Notes & limitations Works with standard candlesticks (not Heikin Ashi, Renko, or other synthetic bar types). Visualization and research only: it does not produce buy/sell signals and makes no performance claims. No repainting from future data; the logic uses only the current bar’s prices.
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sabinaGM의
Dr. Curry Range Break# 🚀 DR. CURRY RANGE BREAK - QUICK START CHEAT SHEET ## ⚡ 5-MINUTE SETUP GUIDE ### 1️⃣ **ADD TO CHART** - Timeframe: **5-MINUTE CHART** (MUST USE!) - Add indicator: "Dr. Curry Range Break" - Default settings work great! ### 2️⃣ **WAIT FOR THE BLUE BOX** (9:30-9:45 AM ET) ``` 🔵 BLUE BOX = Your Trading Range - Forms in first 15 minutes - DO NOT TRADE until box completes! ``` ### 3️⃣ **WATCH FOR BREAKOUT SIGNALS** #### 🟢 **LONG SETUP (BUY)** - Price CLOSES above blue box - Look for signal on chart: - **GREEN = GO!** (★★★ Best) - **BLUE = GOOD** (★★) - **GOLD = CAREFUL** (★) #### 🔴 **SHORT SETUP (SELL)** - Price CLOSES below blue box - Look for signal on chart: - **RED = GO!** (★★★ Best) - **BLUE = GOOD** (★★) - **GOLD = CAREFUL** (★) ## 📊 TRADE MANAGEMENT ### **ENTRY CHECKLIST** ✅ 1. Blue box complete? ✓ 2. Candle CLOSED outside box? ✓ 3. Signal appeared? ✓ 4. Volume says "HIGH VOL"? (Even better!) ### **WHERE TO EXIT** - **Take Profit**: Green/Red TP lines on chart - **Stop Loss**: Opposite side of blue box - **Quick Rule**: Risk $100 to make $200+ ## 🎯 THE ONLY 3 RULES YOU NEED ### RULE 1: **COLOR = ACTION** ``` GREEN/RED Candle = BEST Trade BLUE Candle = GOOD Trade GOLD Candle = SKIP (risky) ``` ### RULE 2: **STARS = QUALITY** ``` ★★★ = Full position size ★★ = Half position size ★ = Don't trade (or tiny size) ``` ### RULE 3: **PANEL = CONFIRMATION** Look for: - **"HIGH VOL ✓"** = Strong move - **"Bullish/Bearish"** = With trend - **Stop Loss price** = Your exit ## 🚦 SIMPLE DECISION TREE ``` Is there a BLUE BOX? ↓ NO → Wait ↓ YES Did price CLOSE outside box? ↓ NO → Wait ↓ YES What COLOR is the signal? ↓ GOLD → Skip trade ↓ BLUE → Maybe trade (check stars) ↓ GREEN/RED → TRADE IT! ``` ## ⏰ BEST TRADING TIMES **BEST**: 9:45 AM - 10:30 AM ET **GOOD**: 10:30 AM - 11:30 AM ET **AVOID**: After 12:00 PM (lunch chop) ## 💰 POSITION SIZING (Beginners) - **★★★ Signal**: Risk 1% of account - **★★ Signal**: Risk 0.5% of account - **★ Signal**: Don't trade **Example**: $10,000 account - ★★★ = Risk $100 per trade - ★★ = Risk $50 per trade ## 🛑 STOP DOING THIS ❌ Trading before blue box completes ❌ Entering on wick touches (need CLOSE) ❌ Taking ★ trades ❌ Moving your stop loss ❌ Revenge trading after a loss ## ✅ START DOING THIS ✅ Wait for box completion ✅ Only trade ★★ or ★★★ ✅ Use the stop loss shown ✅ Take partial profits at TP1 ✅ Stop after 2 losses ## 📱 FIRST WEEK GOALS - **Monday**: Just watch, don't trade - **Tuesday**: Paper trade only ★★★ signals - **Wednesday**: Paper trade ★★★ and ★★ - **Thursday**: Small real trades (★★★ only) - **Friday**: Review and learn ## 🎪 THE "SET IT AND FORGET IT" METHOD 1. **Entry**: Market order on signal 2. **Stop**: Set at opposite box level 3. **Target**: Set at TP1 (first green/red line) 4. **Walk away**: Let it hit stop or target ## 🚨 EMERGENCY RULES **STOP TRADING IF**: - Lost 2 trades today - Feeling emotional - No clear signals appearing - Market is choppy (no trend) --- ## 📝 YOUR DAILY ROUTINE **9:25 AM**: Chart open, indicator on **9:30 AM**: Watch blue box form **9:45 AM**: Box complete, watch for breakout **9:46 AM+**: Take signal if it appears **10:30 AM**: Review trades, possibly done for day ## 💡 ONE LAST TIP **Start with SIM/Paper Trading for 1 week minimum!** The best traders are patient traders. Wait for YOUR setup - the market will always give you another chance tomorrow. **Remember**: 1 good ★★★ trade > 5 random trades Good luck! 🍀# Dr. Curry Range Break - Professional Trading Indicator ## Overview The **Dr. Curry Range Break** is a comprehensive trading system designed to identify high-probability breakout opportunities during the market's opening range period. This professional-grade indicator combines volume analysis, multi-timeframe trend confirmation, and smart money concepts to give traders a complete edge in range breakout trading. ## 🎯 Key Features ### 1. **Opening Range Detection** - Automatically identifies and marks the opening range (5, 15, or 30-minute options) - Clear visual box showing the range high and low - Professional blue color scheme for easy identification ### 2. **Smart Breakout Signals** - **GREEN CANDLE + "STRONG BUY ★★★"** = High probability setup (with trend + high volume) - **BLUE CANDLE + "BUY SIGNAL ★★"** = Good setup (with trend, normal volume) - **GOLD CANDLE + "RISKY BUY ★"** = Caution (against trend) ### 3. **Automatic Target Levels** - Displays TP1, TP2, TP3 levels based on previous swing points - Clear price labels showing exact target levels - Green lines for long targets, red lines for short targets ### 4. **Multi-Timeframe Trend Analysis** - Analyzes 15m, 60m, and 240m timeframes simultaneously - Shows trend strength percentage in the panel - Confirms if your trade aligns with the bigger picture ### 5. **Volume Confirmation** - Identifies high-volume breakouts automatically - "HIGH VOL ✓" indicator in panel when volume exceeds threshold - Helps filter out false breakouts ### 6. **Advanced Features** - Fair Value Gaps (FVG) detection - Order Block identification - Stop loss levels clearly marked - Professional trading panel with all key information ## 📖 How to Use ### Setup 1. **Best Timeframe**: Use on 5-minute chart (also works on 1m and 15m) 2. **Market Open**: Indicator activates at 9:30 AM ET (configurable) 3. **Range Duration**: Default 15 minutes (9:30-9:45 AM) ### Entry Rules 1. **Wait for Range Lock**: Let the opening range complete (default 15 minutes) 2. **Watch for Breakout**: Price must CLOSE above/below the range 3. **Check the Signal**: - ★★★ = Take the trade with confidence - ★★ = Good setup, normal position size - ★ = Risky, reduce size or skip ### Exit Strategy - **Take Profit**: Use the TP levels shown on chart - **Stop Loss**: Opposite side of the range (shown in panel) - **Trail Stop**: Move to breakeven after TP1 ## 🔍 What to Look For ### Best Setups (★★★) - Green/Red candle on breakout - "HIGH VOL ✓" in panel - Trend aligned (Bullish/Bearish in panel) - Clear TP levels above/below ### Good Setups (★★) - Blue candle on breakout - Normal volume - With trend direction - Multiple TP levels available ### Avoid These (★) - Gold/Yellow candle (against trend) - Low volume breakouts - Choppy market conditions - No clear TP levels ## ⚙️ Customization Options ### Visual Settings - **Minimal Mode**: Reduces clutter for experienced traders - **Show/Hide**: Targets, FVG, Order Blocks, Swing Points - **Panel Position**: Choose corner placement ### Range Settings - **Timezone**: Adjust for your market - **Duration**: 5, 15, or 30-minute ranges - **Market Open**: Customize start time ### Advanced Settings - **Volume Multiplier**: Adjust high volume threshold - **Target Count**: Show 1-3 TP levels - **EMA Length**: Trend calculation period ## 💡 Pro Tips 1. **Best Days**: Monday-Thursday typically have cleaner breakouts 2. **Avoid Fridays**: Often choppy with less follow-through 3. **News Days**: Check economic calendar - avoid FOMC days 4. **Time It**: Best breakouts often occur 30-60 minutes after open 5. **Volume Matters**: Never take a ★ trade on low volume ## 🚨 Risk Management - **Position Size**: Risk 1-2% per trade maximum - **Stop Loss**: Always use the opposite range level - **Scaling**: Take partial profits at each TP level - **Daily Max**: Stop after 2-3 losses in a day ## 📊 Success Metrics This indicator helps identify: - High probability breakouts with 60-70% win rate on ★★★ setups - Clear risk/reward with defined stops and targets - Optimal entry timing with volume confirmation - Trend alignment for higher probability trades --- **Remember**: No indicator is perfect. Always use proper risk management and combine with your market knowledge. The Dr. Curry Range Break is a tool to enhance your decision-making, not replace it. *Happy Trading! 📈*## 📦 Box Color Guide - Dr. Curry Range Break ### 🔵 **BLUE BOX - Opening Range** - **What it means**: This is your main trading range (first 15/30 minutes) - **How to use**: Wait for price to break above/below this box - **Key levels**: Top = Range High (Long entry above), Bottom = Range Low (Short entry below) ### 🟢 **GREEN BOXES - Bullish Zones** 1. **Light Green Transparent Box (FVG - Fair Value Gap)** - **What it means**: Bullish imbalance/gap in price - **How to use**: Acts as support on pullbacks - **Trading tip**: If price returns to this box after breakout, it's a good re-entry zone 2. **Very Light Green Box (Order Block)** - **What it means**: Last bearish candle before a strong move up - **How to use**: Major support zone - **Trading tip**: Great area to add to positions or enter if missed initial breakout ### 🔴 **RED BOXES - Bearish Zones** 1. **Light Red Transparent Box (FVG - Fair Value Gap)** - **What it means**: Bearish imbalance/gap in price - **How to use**: Acts as resistance on pullbacks - **Trading tip**: If price returns to this box after breakdown, it's a good re-entry zone for shorts 2. **Very Light Red Box (Order Block)** - **What it means**: Last bullish candle before a strong move down - **How to use**: Major resistance zone - **Trading tip**: Great area to add to short positions or enter if missed initial breakdown ### 🟠 **ORANGE BOX - Breaker Block** - **What it means**: Failed support/resistance that flipped - **How to use**: Strong reversal zone - **Trading tip**: Often marks the end of a move - consider taking profits ## 🎯 Quick Reference ``` BLUE = Your main range to trade GREEN = Support zones (buy/hold) RED = Resistance zones (sell/short) ORANGE = Reversal warning ``` ## 💡 Pro Tips for Using Boxes 1. **Multiple Green Boxes** = Stronger bullish bias 2. **Multiple Red Boxes** = Stronger bearish bias 3. **Price respecting boxes** = Higher probability trades 4. **Price ignoring boxes** = Potential trend change ### Box Stacking Priority 1. **Most Important**: Blue Opening Range 2. **Very Important**: Order Blocks (light green/red) 3. **Important**: FVG boxes 4. **Warning**: Orange breaker blocks **Remember**: The more boxes align in one direction, the stronger the move typically is!
Pine Script® 인디케이터
claudecurry23의
1
Opening Range BreakoutOpen Range Breakout (ORB) – Trading Strategy Documentation Definition: The Open Range Breakout (ORB) is a short-term trading strategy that identifies the price range established during the initial period of market opening (typically the first 15 to 60 minutes) and uses the high and low of that range as key reference levels for potential breakout entries. Components: Open Range High: The highest price traded during the defined opening period. Open Range Low: The lowest price traded during the same period. Breakout Trigger: A price move above the Open Range High or below the Open Range Low, signaling potential continuation momentum. How It Works: Define the Opening Period: Select a time window (e.g., 30 minutes) at market open to establish the initial range. Identify Range Boundaries: Record the high and low prices during this period. Monitor for Breakout: Watch for price to break and close above the Open Range High (bullish breakout) or below the Open Range Low (bearish breakout). Enter Trade: Enter long on a confirmed break above the Open Range High, or short on a break below the Open Range Low. Entry may be triggered on a retest of the broken level or with volume confirmation. Set Stop-Loss and Target: Stop-loss: Placed just inside the open range (e.g., below the high for long, above the low for short). Profit target: Based on volatility (e.g., ATR multiple) or support/resistance levels. Key Assumptions: Early price action reflects initial market sentiment. A breakout from this range indicates strong directional momentum likely to continue. Best Conditions: High liquidity markets (e.g., major indices, large-cap stocks). Volatile or news-driven trading sessions. Used primarily in intraday trading. Limitations: Prone to false breakouts during low-volume or choppy markets. Requires strict risk management due to reliance on timing and confirmation. Conclusion: The ORB strategy capitalizes on early market momentum by trading breakouts from the initial price range. Its effectiveness depends on precise range definition, timely execution, and disciplined risk control.
Pine Script® 인디케이터
Broly_88의
Euclidean Range [InvestorUnknown]The Euclidean Range indicator visualizes price deviation from a moving average using a geometric concept Euclidean distance. It helps traders identify trend strength, volatility shifts, and potential overextensions in price behavior. Euclidean Distance Euclidean distance is a fundamental concept in geometry and machine learning. It measures the "straight-line distance" between two points in space. In time series analysis, it can be used to measure how far one sequence deviates from another over a fixed window. euclidean_distance(src, ref, len) => var float sum_sq_diff = na sum_sq_diff := 0.0 for i = 0 to len - 1 diff = src - ref sum_sq_diff += diff * diff math.sqrt(sum_sq_diff) In this script, we calculate the Euclidean distance between the price (source) and a smoothed average (reference) over a user-defined window. This gives us a single scalar that reflects the overall divergence between price and trend. How It Works Moving Average Calculation: You can choose between SMA, EMA, or HMA as your reference line. This becomes the "baseline" against which the actual price is compared. Distance Band Construction: The Euclidean distance between the price and the reference is calculated over the Window Length. This value is then added to and subtracted from the average to form dynamic upper and lower bands, visually framing the range of deviation. Distance Ratios and Z-Scores: Two distance ratios are computed: dist_r = distance / price (sensitivity to volatility); dist_v = price / distance (sensitivity to compression or low-volatility states) Both ratios are normalized using a Z-score to standardize their behavior and allow for easier interpretation across different assets and timeframes. Z-Score Plots: Z_r (white line) highlights instances of high volatility or strong price deviation; Z_v (red line) highlights low volatility or compressed price ranges. Background Highlighting (Optional): When Z_v is dominant and increasing, the background is colored using a gradient. This signals a possible build-up in low volatility, which may precede a breakout. Use Cases Detect volatile expansions and calm compression zones. Identify mean reversion setups when price returns to the average. Anticipate breakout conditions by observing rising Z_v values. Use dynamic distance bands as adaptive support/resistance zones. Notes The indicator is best used with liquid assets and medium-to-long windows. Background coloring helps visually filter for squeeze setups. Disclaimer This indicator is provided for speculative analysis and educational purposes only. It is not financial advice. Always backtest and evaluate in a simulated environment before live trading.
Pine Script® 인디케이터
InvestorUnknown의
1
Opening Range Retest█  OVERVIEW This indicator shows the opening range as a box. It also draws markers and triggers alerts when the opening range is retested. The opening range time is configurable, as is the period of time that must elapse before each return to the opening range is considered a retest. █  FEATURES Opening range time configurable in bars or minutes Configurable "resting" period between the end of the opening range or since the last retest before a new retest is considered valid Configurable tolerance so that a retest can trigger sooner Active time range can be used to filter alerts and markers to a specific time window Visual box showing the opening range, which can be optionally limited to the above-mentioned active time window Well-documented, high-quality, open-source code for those interested █  CONCEPTS This indicator can be used for an opening range retest trading strategy, where long or short positions are taken on the retest of the opening range. The opening range can be user-configured, so it is suitable for use with any opening range time period (e.g., 1-min, 5-min, 15-min, etc.). The markers and alerts are equivalent, in the sense that whenever a marker appears, an alert will also trigger (assuming the user has set an alert up). The alert active time range is simply used as a filter for markers and alerts, meaning that these will not draw or trigger outside of the specified time range. █  LIMITATIONS The indicator is intended for equities that have a highly active regular market open. For other security types, it will draw the opening range box from whenever TradingView specifies the market open time.
Pine Script® 인디케이터
BruzX의
7
True Range & ATRDescription : This indicator plots both the True Range (TR) and the Average True Range (ATR) in a separate pane below the main chart. - TR represents the absolute price movement range within each candle. - ATR is a smoothed version of TR over a user-defined period (default: 14), providing insight into market volatility. - TR is displayed as a histogram for a clearer view of individual candle ranges. - ATR is plotted as a line to show the smoothed trend of volatility. This indicator helps traders assess market volatility and potential price movements.
Pine Script® 인디케이터
dharmendrakawasthi의
US10Y Yield Range Percentile | JeffreyTimmermansUS10Y Yield Range Percentile The "US10Y Yield Range Percentile" Indicator provides insights into the relative positioning of the U.S. 10-Year Treasury Yield (US10Y) within a specified lookback period. It highlights key valuation style conditions, helping traders assess market sentiment based on yield movements. Why is the US 10-Year Treasury Yield Important? The U.S. 10-Year Treasury Yield (US10Y) is one of the most critical benchmarks in global finance. It reflects the cost of borrowing for the U.S. government and serves as a risk-free rate that influences interest rates across the economy. Macroeconomic Indicator: Rising yields suggest strong economic growth or inflationary pressures, often leading to tighter monetary policy. Falling yields indicate economic slowdown, deflationary risks, or increased demand for safe-haven assets. Impact on Financial Markets: Stock Market: Higher yields reduce the attractiveness of equities, while lower yields support risk assets. Credit Markets: A rising 10-year yield increases borrowing costs, impacting corporate debt and mortgage rates. Global Capital Flows: US10Y is a key driver of capital allocation worldwide, affecting currency valuations and capital flows into emerging markets. Correlation with Risk Assets (Especially Crypto): Crypto markets, particularly Bitcoin and Ethereum, have shown a strong inverse correlation with US10Y yields. When yields rise, risk assets tend to sell off due to tighter financial conditions. When yields decline, liquidity flows into speculative assets, boosting stocks, crypto, and growth sectors. Key Functions of the Indicator Range Calculation: Computes the highest high and lowest low over a user-defined period (default: 63 days). Measures the current yield’s position within this range. Range Percentile Calculation: Determines the percentile rank of the current yield within its range. A higher percentile indicates higher yields, often associated with Risk OFF conditions. A lower percentile suggests lower yields, signaling Risk ON sentiment. Optional Smoothing: Enable/Disable: Users can enable Simple Moving Average (SMA) smoothing to reduce noise. Default smoothing length : 10 periods (can be customized). Threshold Levels & Background Coloring: The background color represents the current market regime (valuation based), based on the US10Y yield percentile: Risk ON (Bullish): When the percentile falls below the lower threshold (default: 20). Neutrally Positive Zone (also Risk ON): Between 20 and 80 percentile. Risk OFF (Bearish): When the percentile rises above the upper threshold (default: 80). Important : Background Coloring is NOT a Leading Signal. The background color provides a visual representation of valuation periods, but it is not a leading indicator for price movements. Instead, traders should focus on the orange US10Y Range Percentile line, which is the key signal within this indicator. The colors behind the line below the chart are leading. The background colors behind the price chart are more of a valuation style indications. When the orange line enters the Danger Zone (above 80 percentile), it signals that yields are elevated, and risk assets (such as stocks and crypto) are at increased risk of reversing downward. While the background coloring helps to visualize market conditions, price reversals tend to occur when the percentile line is in extreme zones rather than when the background color changes. Traders should monitor the percentile line closely, as it provides a clearer signal of potential shifts in market sentiment. Visual Elements Range Percentile Plot: Displays the smoothed or raw percentile value over time. Helps identify shifts in yield positioning. Threshold Markers & Fill Zones: Key percentile thresholds (0, 20, 80, 100) are marked with horizontal lines. The area between 20-80 percentile is filled to indicate the neutral zone. Extreme zones are highlighted to emphasize significant shifts in risk sentiment. Dynamic Labeling: A real-time percentile label appears next to the latest data point. Alerts & Notifications Risk OFF to Risk ON Transition: Alert triggers when the percentile falls below the lower threshold (yields decreasing). Risk ON to Risk OFF Transition: Alert triggers when the percentile rises above the upper threshold (yields increasing). Conclusion The crypto market is highly sensitive to macroeconomic conditions, with Bitcoin often behaving like a high-beta tech stock. A declining US10Y yield signals looser financial conditions, increasing demand for risk assets like crypto. A rising US10Y yield tightens liquidity, leading to sell-offs in Bitcoin, Ethereum, and altcoins. Tracking the US10Y percentile position helps traders anticipate market shifts before they occur. This indicator serves as a leading signal for understanding market risk appetite by tracking Treasury yield movements. A decline in yields typically favors equities and risk assets, while rising yields indicate a shift toward safety and risk aversion. Credits This indicator was inspired by and builds upon the work of TomasOnMarkets . While incorporating significant enhancements, it acknowledges the foundational concepts provided by this original source. Thank you for sharing your input on this important indicator. We are honored to use it and to further improve upon it. -Jeffrey
Pine Script® 인디케이터
JeffreyTimmermans의
1
DAILY ATR LEVELSThis script is a custom technical indicator for use in TradingView, designed to display daily Average True Range (ATR) levels on the chart, along with the daily opening price. It provides a customizable way to track price levels relative to the daily ATR, which can be useful for traders looking for volatility-based price targets or ranges. /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Customization Options: - Line Width: Determines the thickness of the plotted lines for the ATR levels and daily open line, ranging from 1 to 10. - Right Offset (minutes): A time offset (in minutes) that shifts the end of the daily opening price line to the right for visual clarity. - Line Style: The user can choose between solid, dashed, or dotted lines for all the plotted levels. - Display Options: Users can toggle the visibility of the daily opening price line (showDayLevel), labels (showLabels), and ATR levels (showATRLevels). - Colors: Customizable colors for the daily opening price line (dayLevelColor), labels (labelTextColor), and the ATR levels for both positive and negative values (atrLevelPlusColor and atrLevelMinusColor). ATR Settings: - ATR Length: Defines the number of periods (bars) to use when calculating the ATR. The default is 180, which corresponds to the ATR calculated on the daily chart using the last 180 bars. - ATR Multiplier: Allows the user to scale the ATR levels by a multiplier (from 0.1 to 5.0), adjusting the sensitivity of the levels. - ATR Levels: Users can toggle visibility for several predefined ATR levels, such as +25%, +50%, +75%, +100%, -25%, -50%, -75%, and -100%. These levels represent price points above or below the daily open based on the ATR. /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// ATR Levels Calculation: - The ATR is calculated based on the daily chart using the ta.atr() function with the specified ATR length, default is set at 180. - The script computes multiple ATR levels above and below the daily open price, adjusting each level by 25%, 50%, 75%, and 100% of the ATR value (scaled by the ATR multiplier). ATR Level Plotting: - For each ATR level (positive and negative), a line is drawn across the chart at the corresponding price level. - The color, line style, and width of these lines can be customized. - Each ATR level also has an optional label showing the percentage level (e.g., "ATR +25%") at the specified price, which is positioned at the end of the line. - The labels are removed from the previous bars to avoid clutter. Workflow: - The script first calculates the daily opening price using the request.security() function to pull the open price from the daily chart. - It then calculates the ATR based on the selected length and multiplier. - The start time for the daily open line is determined by the bar's timestamp at the start of the day, and the end time is adjusted using the user-defined right offset. - After determining the relevant price levels (for the opening price and ATR levels), the script plots these levels on the chart as lines. It handles the drawing and deletion of lines to ensure that the chart remains updated in real time. - If labels are enabled, text labels are displayed next to the ATR levels and the daily open line, providing clear markers for the user. Practical Use: - Volatility Analysis: This indicator is useful for identifying key price levels based on daily volatility (ATR). Traders can use it to set potential targets or support/resistance levels that are adjusted for volatility. - Day Trading or Swing Trading: The daily opening price line helps traders quickly see where the price opened for the day, and the ATR levels give a dynamic range for the day's potential price movement. Overall, this script is designed to provide a clear, customizable view of daily price levels in relation to the ATR, helping traders make informed decisions based on volatility and price action.
Pine Script® 인디케이터
smalltilt의
5
Liquitive Buy/Sell Dollar AveragerLiquitive Buy/Sell Dollar Averager Indicator The "Liquitive Buy/Sell Dollar Averager" is a versatile trading tool designed for intraday and multi-timeframe analysis, combining advanced range-bound calculations, RSI normalization, volume spikes, and candle pattern recognition to identify optimal buy and sell conditions. This indicator is particularly suitable for traders employing strategies that focus on dollar-cost averaging, position scaling, and systematic buy/sell decision-making. Key Features: Adaptive RSI-Based Levels: Dynamically calculates inner bounds (IB) and outer bounds (OB) using RSI and price ranges, helping to identify overbought and oversold conditions relative to the price action. Normalizes RSI values to the price range for seamless visualization overlaid on the chart. Volume and Candle Analysis: Detects significant volume spikes relative to a moving average, signaling increased market activity. Identifies spiking green/red candles to capture momentum-driven price movements. Dynamic Support and Resistance: Calculates and plots support and resistance levels based on recent swing highs and lows. Median and boundary lines help visualize key price levels for decision-making. Profitability Check: Buy and Sell Signals: Checks profitability thresholds based on percentage gains/losses. Incorporates logic for "time to buy" and "time to sell" using target profit margins. Implements average move percentage to define realistic thresholds for buy/sell actions. Time-Based Trading Restrictions: Configures trading logic to disallow trades after a specific time (e.g., 3:40 PM for intraday sessions). Ensures logical entry and exit decisions are only made within active trading hours. Color-Coded Visualization: Background colors dynamically shift between green (bullish), red (bearish), and neutral, depending on RSI and price position relative to the inner bounds. Opacity of the background adjusts based on normalized RSI differences to provide a visual cue of market strength. Customizable Parameters: Allows user input for key settings like lookback periods, RSI length, percent ranges, volume thresholds, and transparency levels, enabling flexible configuration tailored to individual strategies. Actionable Alerts and Signals: Plots "Open Position", "Add to Position", and "Close Position" markers directly on the chart, making it easy to follow systematic trading rules. How It Works: Buy Signals: Triggered when price conditions, volume spikes, and RSI-based thresholds align with profitability metrics. Designed for dollar-cost averaging, identifying opportunities to add to long positions or open new positions. Sell Signals: Evaluates profitability conditions to identify when to close or scale out of positions. Incorporates real-time evaluation of market momentum and profitability.
Pine Script® 인디케이터
vdarevsk의