Dynamic Auto Ranges

3 gün önce

Brief Overview:
The "Dynamic Auto Ranges" indicator automatically detects and displays dynamic price range levels around the current market price. This indicator was initially designed and optimized for price movements on Nasdaq, but may also be useful for other instruments with input adjustments. Its purpose is to help traders identify potential support/resistance zones or other key price levels in an adaptive manner. All range lines and their labels are displayed in red for clear visibility.

Key Features:

Automatic Main Range Detection: The indicator intelligently calculates a primary price range block (e.g., 21600-21800) based on the real-time price.
Adjustable Main Range Block Size: Users can select the size of this main range block via settings (e.g., 50, 100, 200, 500 points, etc.), allowing flexibility for various instruments and trading styles.
Automatic Subdivisions: Within the detected dynamic main range, the indicator automatically draws subdivision lines at intervals that are also user-configurable (e.g., every 25 points).
Full Horizontal Lines: All range lines are displayed as full horizontal lines extending to both the left and right sides of the chart (extend.both), providing a clear visualization of levels across history and into the future.
Informative Price Labels: Each subdivision line is accompanied by a clear price label, positioned below the line for easy readability. The label text size has also been adjusted to be larger and more visible (size.small).
Contrasting Red Visuals: Lines and price label text are displayed in red to ensure they stand out on your chart.
Line Style Configuration: Users can customize the line style (Solid, Dashed, Dotted) and the line width for general subdivisions, as well as for the main boundaries of the range block.
Real-time Updates: The range levels and their subdivisions will automatically shift and update as the market price moves into new main range blocks.
How to Use:

Add the "Dynamic Auto Ranges" indicator to your chart (optimized for Nasdaq, but can be tested on other instruments).
Open the indicator's settings (the gear icon next to the indicator name).
Adjust the "Main Range Block Size" to determine how large you want the primary range block to be around the current price.
Set the "Subdivision Step" to determine the interval for the lines within that main range.
Use the displayed lines as a reference for your price action analysis.
Customizable Settings:

Main Range Block Size: Choose the size of the main range block.
Subdivision Step: Set the interval for subdivision lines.
Style: Select the line style (Solid, Dashed, Dotted).
Width: Set the line width for subdivisions.
Main Boundary Width: Set a specific width for the main range block boundary lines.
Note:
This indicator is designed to provide visual guidance based on mathematical calculations of price movements. Like all trading tools, it should be used as part of a comprehensive trading strategy and not as the sole basis for making trading decisions.

3 gün önce

Sürüm Notları

Brief Overview:
The "Dynamic Auto Ranges" indicator automatically detects and displays dynamic price range levels around the current market price. This indicator was initially designed and optimized for price movements on Nasdaq, but may also be useful for other instruments with input adjustments. Its purpose is to help traders identify potential support/resistance zones or other key price levels in an adaptive manner. All range lines and their labels are displayed in red for clear visibility.

Key Features:

Automatic Main Range Detection: The indicator intelligently calculates a primary price range block (e.g., 21600-21800) based on the real-time price.
Adjustable Main Range Block Size: Users can select the size of this main range block via settings (e.g., 50, 100, 200, 500 points, etc.), allowing flexibility for various instruments and trading styles.
Automatic Subdivisions: Within the detected dynamic main range, the indicator automatically draws subdivision lines at intervals that are also user-configurable (e.g., every 25 points).
Full Horizontal Lines: All range lines are displayed as full horizontal lines extending to both the left and right sides of the chart (extend.both), providing a clear visualization of levels across history and into the future.
Informative Price Labels: Each subdivision line is accompanied by a clear price label, positioned below the line for easy readability. The label text size has also been adjusted to be larger and more visible (size.small).
Contrasting Red Visuals: Lines and price label text are displayed in red to ensure they stand out on your chart.
Line Style Configuration: Users can customize the line style (Solid, Dashed, Dotted) and the line width for general subdivisions, as well as for the main boundaries of the range block.
Real-time Updates: The range levels and their subdivisions will automatically shift and update as the market price moves into new main range blocks.
How to Use:

Add the "Dynamic Auto Ranges" indicator to your chart (optimized for Nasdaq, but can be tested on other instruments).
Open the indicator's settings (the gear icon next to the indicator name).
Adjust the "Main Range Block Size" to determine how large you want the primary range block to be around the current price.
Set the "Subdivision Step" to determine the interval for the lines within that main range.
Use the displayed lines as a reference for your price action analysis.
Customizable Settings:

Main Range Block Size: Choose the size of the main range block.
Subdivision Step: Set the interval for subdivision lines.
Style: Select the line style (Solid, Dashed, Dotted).
Width: Set the line width for subdivisions.
Main Boundary Width: Set a specific width for the main range block boundary lines.
Note:
This indicator is designed to provide visual guidance based on mathematical calculations of price movements. Like all trading tools, it should be used as part of a comprehensive trading strategy and not as the sole basis for making trading decisions.