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1D/1W/1M extreme levels

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Daily, Weekly, and Monthly Range Values for Enhanced Positioning

This script calculates dynamic range levels for daily, weekly, and monthly timeframes to help identify key price extremes.

The Initial Value reflects the starting point derived from the assumption of a candle’s bullish or bearish close — essentially your initial reference for potential entry or exit levels.

Range values continuously update based on the high and low prices within each respective timeframe.

When price reaches these range extremes, it signals an increased risk of reversal, providing refined entry points.

Use this tool alongside your existing strategies to improve timing and precision in your trade positioning.
Sürüm Notları
Daily, Weekly, and Monthly Range Values for Enhanced Positioning

This script calculates dynamic range levels for daily, weekly, and monthly timeframes to help identify key price extremes.

The Initial Value reflects the starting point derived from the assumption of a candle’s bullish or bearish close — essentially your initial reference for potential entry or exit levels.

Range values continuously update based on the high and low prices within each respective timeframe.

When price reaches these range extremes, it signals an increased risk of reversal, providing refined entry points.

Use this tool alongside your existing strategies to improve timing and precision in your trade positioning.


Update: Added user friendly colours so you can easily detect buy/sell ranges.
Sürüm Notları
Updated formula to incorporate the extreme levels required for a bullish/bearish candle closure.
Sürüm Notları
Make sure you use 1D chart for now - the code needs adjustments to lock the timeframe
Sürüm Notları
Updated to include yearly range.

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.