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PDH/PDL Breakout—Anchored Ghost Targets + (Truth Table)

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What this does (integrated purpose—not a mashup):
This tool implements a “prove-it” breakout framework around prior-day levels. It (1) anchors Previous Day High/Low (PDH/PDL) to RTH, (2) reveals anchored ghost targets only after price proves itself beyond PDH/PDL, and (3) confirms direction using a 3-consecutive-closes rule. A compact Truth Table summarizes regime: Control Line, PDH/PDL position, and a microstructure-based composite trend score. Everything is designed to work together to filter fake breaks and provide objective upside/downside targets.

How it works (math/logic in plain English):

Prior-day levels (no repaint):
Pulls High, Low, Close of the previous day and extends PDH/PDL through today’s RTH session. (Daily values are read from the prior bar so signals don’t look ahead.)

Session scoping:
RTH is 09:30–16:00 ET. The script resets at 09:30, pre-creates all lines to the 16:00 session end, and confines triggers to RTH context.

Ghost target packs (original piece):
Compute classic pivot set from prior day:

P = (H+L+C) / 3, R1 = 2P − L, S1 = 2P−H
Create one full range-shift above and below the prior day:
range=H−L.
Add Fib overlays (0.382) around P/R1/S1 to form the pack.
Anchoring rule: packs are shifted so the upper pack never dips below PDH and the lower pack never rises above PDL. This prevents visual crossing with PDH/PDL and keeps targets clean after a confirmed break. Packs stay hidden until price proves itself (see next point).

Directional “prove-it” trigger:
You only get a signal after an actual cross of PDH/PDL followed by N consecutive RTH closes beyond that level (default 3; user input).
• Long: crossover above PDH → then 3 closes > PDH → one-bar pulse + optional alert.
• Short: crossunder below PDL → then 3 closes < PDL → one-bar pulse + optional alert.
After the first qualified trigger each session, bars beyond the level get a subtle Neo candle style so breakouts are visually distinct.

Truth Table (integration, not decoration):

Control Line = a smoothed multi-EMA control band (we expose a single “control line” derived from it),

PDH/PDL position (above, below, or inside),

Composite Trend = non-lag microstructure score combining: close-location value, thrust, wick imbalance, range-expansion direction, and HH/HL vs LL/LH structure (all summed over a short causal window).
Header colors use majority vote across those three rows so you see regime at a glance. This is used to interpret breaks and avoid chasing noise.

How to use it (practical workflow):

On equities during RTH, watch PDH/PDL.

When a break occurs, wait for the 3-close confirmation—that’s your “prove-it” trigger.

Upon trigger, the corresponding ghost pack becomes visible and provides objective intraday targets (pack lines + dashed Fib lines).

Use the Truth Table to sanity-check regime (e.g., bullish majority + PDH break = higher-confidence continuation).

Inputs & alerts:

Consecutive closes required (default 3).

Show Truth Table (on/off).

EMA ribbon/control line (on/off).

Alerts: “Bullish Trigger” and “Bearish Trigger” fire on the one-bar pulses right when confirmation completes.

Notes & limitations:

Designed for stocks using 09:30–16:00 ET. On 24/7 markets (e.g., crypto) RTH logic isn’t applicable.

Prior-day values are fixed from the daily timeframe, so the logic does not repaint.

The “Neo” candle styling is post-trigger only to keep earlier bars clean.

Why this is original/useful:
This is a single, integrated framework: anchored ghost targets (with a non-crossing constraint), prove-it confirmation (3-close rule), and a non-lag composite microstructure score summarized in a Truth Table. The components are purpose-built to work together to reduce false breakouts and supply clean, objective targets after confirmation—this is not a cosmetic mashup.

Educational note: Not financial advice. Test before use.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.