IPDA operating range by makuchakuDetermining operating range is critical for trading.
You *need* to sell in premium & buy in discount.
This script determines an operating range by stepping back on an HTF timeframe to calculate that HTF candle's range. If the current candle in HTF breaks out, the range expands accordingly.
The timeframe mapping I've used is
Intraday & <= 2H : use Daily as HTF range
Intraday & > 2H : use Weekly as HTF range
Daily : use Monthly as HTF range
Weekly : use 6 Months as HTF range
The HTF mapping is my own personal preference. If you prefer, you can easily copy the indicator and create your own mapping.
Once the HTF range is known, the indicator also plots 0%, 25%, 50% and 100% levels.
Range
first hour high and low by akash mauryaThis indicator marks the first hour's high and low with a line with the percentage of range height.
First hour high and low generally act as heavy support and resistance or say major key areas in daily intraday charts.
You can adjust the settings if you want to see previous days' hour range lines or not.
This indicator will automatically create hour-range lines after an hour of market opening.
Shade COVID PeriodA free Pine Script that shades the COVID outbreak period. Note that you can specify your own date range and shade color.
Average True Range (ATR) invisible price markers / linesThis script provides the ATR price when added to the top and bottom of the currently hovered candle.
The prices are shown top left next to the indicators' name.
This means you do not have to manually subtract or add ATR to price.
Line opacity allows you to show the lines where the ATR is, however, I recommend to keep this disabled.
Line type allows you to choose where ATR is calculated from (LowHigh or LowHighBody), the second ignoring the wicks, however LH is standard.
I also recommend to keep the other parameters as default.
I hope this indicator provides useful to you and your trading.
Consolidation Zone Hunter NPR BasedThis script will search for zones where the range between the high and low is lower than avg % nearest rank of last X bars.
After X(=30) bars of consolidating range it will signal that the market is in a range and draw the top, bottom and middle of that range.
When price breaks the consolidating range the range is cleared, this is where you long/short the breakout. After this it will look for the next range and do the same.
Visual Explanation
SVDThis indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly.
The main features of this indicator is to show vitality and range of any given chart.
Volatility: it calculates the average profit of every swing in the range and the final result will be the chart volatility, which indicate how profitable this chart is.
Range: it calculates the profit of the whole range compared to the total price. (E.g. range bottom is 0.1 and range top is 0.2 the range will be 100%)
Extra: indicator shows the total direction of the chart in term of (STRONG UPTREND, UPTREND, SIDEWAYS, DOWNTREND, STRONG DOWNTREND), if you got (Somthing_wrong) please contact me.
How to use: apply the indicator on different charts that you have chosen and the higher (volatility & range) the more profitable the chart is.
inputs:
Lookback length: how long the range is (how many candles are included).
How intense should the Swing be: how many candles should be counted as a confirmation complete swing.
Show counted Swings: if checked as true, will show the swings counted in the volatility calculation.
For any notes on the indicator to be edited, or for another indicator ideas please comment.
Percentage Range IndicatorThe Percentage Range Indicator is useful for assessing the volatility of pairs for percentage-based grid bots. The higher the percentage range for a given time period, the more trades a grid bot is likely to generate in that period. Conversely, a grid bot can be optimised by using grids that are less than the Percentage Range Indicator value.
I have been using the Percentage Range Indicator based on the one hour time period and 168 periods of smoothing (seven days based on one-hour periods).
Enjoy.
Session Levels - Ultimate Range IndicatorSession Levels - Ultimate Range Indicator
Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group,
but also more than suitable for Crypto or other instruments.
This indicator highlights the chosen session, which can be Globex, Asian, London and New York.
It plots the important levels and also renders the Opening Range as it forms (a.k.a. Initial Balance).
After the 1st hour Opening Range is finished, it can plot the Standard Deviations / Projections.
See below for a complete feature list.
All Opening Ranges on chart and for the New York session the Range Projections are turned on:
s3.tradingview.com
How to use (example):
If you are trading the Nasdaq Futures (NQ!)
Enable the Globex Overnight session. Basically in the Futures Market, the Globex session is everything outside of US trading hours of Stocks. This draws the important overnight levels, like the Low, 25%, 50%, 75% and the High.
Enable the New York Session with Levels and Opening Range. Generally, 70% of the time the 1st hour will put a Low or High of the day.
If the price is trading above the Globex Low, most likely the Low of the Day is formed and the price target for the day will be 1.5x Standard Deviation and 2x Standard Deviation.
[*} Deviation of the Initial Balance depends on the volume ad overall market structure.
** This is not financial advice or any guarantee **
Features:
Show each Session Highlighted on Intraday chart in it's own color (each session can be turned off and has customizable times and color)
Show Line Levels of each session: Low, 25%, 50%, 75% and the High (customizable color)
Show the Opening Range (Initial Balance) of the Asian, London and New York session. Note: NY has more options.
Opening Range is displayed as a box with level lines (customizable color)
Levels are drawn to the end of the NY Cash session (customizable time)
Show IB Standard Deviations 0.5 - 3.0. Calculated from the Opening Range (Initial Balance)
Option to display Higher Timeframe levels: Previous Day Open/Close and Previous Week Open/Close
All level lines and OR boxes size dynamically as the session progresses
Built in Alerts for when price hits key levels. e.g. Alert when price crosses the NY Opening Range High. Or an Alert when the first STDEV is hit.
Option to toggle display of drawings for Today's trading session only, or Show all recent session levels. This keeps the chart clean or not.
Extras:
The NY Opening Range also has a 50% level line
The NY Opening Bar can be highlighted separately
The Level Lines can have small labels turned on/off. Values are only shown on mouse over to keep a clean chart
Keep in mind:
1) This indicator works on all instruments, but on instruments with limited market hours, your chart setting
has to be set to "Extended Hours" otherwise. For example TSLA on NASDAQ.
2) The Exchange Time Zone for the CME Group is Chicago UTC-6. So the session times you configure in the settings menu are based on that timezone too.
3) Globex opens at 5pm CST and closes when the US session starts 8:30CST.
4) When enabling the Alerts in the Indicator settings, be sure to also create an alarm for this indicator using the Alarm function of Tradingview.
Donchian Range, RSI, and Levels SystemThe Donchian average is defined as average(highest, lowest) for a given period length. By plotting many different lengths, clustering of the lines seems to form natural support/resistance levels. A Donchian Channel and RSI rainbow colors are also provided to define the range and trend.
EMA MTF PlusI like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time,
nor the patience to wait hours or days for my trade to be complete.
This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a decent job as support/resistance, sometimes to a tick level of precision. And this is important for a 1 minute trader.
As such, I made this script that tracks the higher time-frames EMAs and displays the last value as a line.
I do not need the whole EMA, I'm not interested in crossovers or crossunders, these are anyway late signals for me.
What's with the triangles? These are local tops/bottoms , candles that have a have decent size of the wick. These tops and bottoms are by no means "final", they are merely a rejection at certain levels of price. Due to markets complexities (and human erratic behaviors hehe) these levels could be breached at the very next candle. For a more "final" version (nothing is really final but..) I added Schaff Trend Cycle as filter, so a triangle will pop only when a trend is mature enough ( STC with a value near 0 or near 100).
Colored bars. When the body of the candle is big, it shows strength. Strong bars tend to have follow through, especially when breaking key levels. The script looks at the body of the candle and compares it with ATR (Average True Range), if it's at least 0.8 of ATR it changes the bar color to yellow (bull candles) or fuchsia(bear candles).
Range identifier. This code is copied from Lazy Bear (if there are any issues please let me know), it's very useful in conjunction with colored bars.
I look for breakout candles that go outside of the range as a signal for a trade.
There are many ways in which this script can be useful, like trading mean reversions or momentum trades (breakouts) or simply trend following trades.
I hope you guys find it useful, you can play with default values and change them as you like, these are what I found to be working best for me and my trading universe (mostly crypto).
Special thanks for the original work of:
LazyBear
everget
Jim8080
Koalafied Initial Balance Levels and ExtensionsShows the Initial Balance and range extensions for either the Daily session or individual market sessions (Asia, London, New York).
Initial Balance is the range represented by the first two segments (typically half-hour segments) of a trading session. Range extensions are a function of the longer-term trader participation, pushing price outside of the beginning 'fair' range established by the local traders. With the introduction of 24/7 markets the initial balance is often now regarded as less important than in the past, however re-calculating IB for multiple trading sessions may reinstitute insight to Market Direction and Confidence
Open Range Breakout With Take Profit Zones
Open Range Breakout With Take Profit Zones prints the open range and profitable zones based on the high and low during the opening hours.
This indicator can be used to prepare breakout trades following the OPR strategy. The time window for the open range as well as for the market hours can be configured. Also custom alerting templates allow to create alerts when a breakout out of the opening range occurs or when 50% take profit level is reached.
The background of pre and post market hours is coloured according to the configured time windows.
This indicator was written to support scalping and day trading. It does not calculate or display results on hourly, daily or weekly charts.
The open range and trading hours must be adjusted to the market time zone of your instrument. Also please take care that these settings are saved on the layout and not per instrument. Eventually create multiple layouts for instruments with different market time zones.
QF LevelsQF LEVELS is an Indicator that displays various Levels and Session Ranges .
Daily / Weekly / Monthly / Quarterly / Yearly - Open levels
Previous DWMQY - Open levels
Monday - High / Mid / Low - Levels
Intraday (4H) Levels
London / New York / Asian - Sessions
Automatic Coloring based on Support / Resistance
Full Color Customization
Themes coming in next update
Higher order Orderblocks + Breakerblocks + Range + AlertsThis script identifies Orderblocks, Breakerblocks and Range using higher order pivots and priceaction logic.
I tried to reduce the number of blocks to make the chart cleaner, for this purpose I use only second order pivots for both MSB lines and supply/demand boxes, I also tried to filter out shifts in MS and false breakouts.
Any box has GRAY color until it gets tested.
After successful test box gets colors:
RED for Supply
GREEN for Demand
BLUE for any Breakerblocks
For cleaner chart and script speed all broken boxes deletes from chart.
It gives comparatively clean chart on any TF, even on extra small (5m, 3m, 1m).
For Range there is option to plot 0.25, 0.5, 0.75 lines.
I usually use log scale on charts and there is an option to use it for proper range mean.
In previous my scripts i have requests to make alerts and this time i made it.
It has customizable alert catching all needed alerts into one output:
- Alert MSB - when market structure changes alert will inform you about its direction, MSB line and new Demand/Supply.
- Alert Orderblock or Breakerblock test - alerts when block was tested and it holds (in other words when it get RED/GREEN/BLUE colors)
- Alert New Range - when new range detected
- Alert Range test - alerts when range top or botoom was tested and it holds.
some examples :
ICT New York NY Midnight Open and DividerThis simple indicator plots out ICT's New York midnight open price and a vertical divider at that time.
12am NY time is a key level to watch for daytrading and intraday scalping, often providing entry levels and orderblocks.
The session time may need to be adjusted for different exchanges, but the default is for most of forex.
Range Adaptive EMA Float Series Inputuses range and change distance on arrays to allow for more control as well as any choice of input value as a controller for how tightly it grips the input signal.
Asteroid Belt SpaceManBTCAsteroid Belt SpaceManBTC
Asteroid Belt is a trend analysis tool that provides 3 areas of importance, upper, lower, and main belt. The belts provide areas
of key interest that will likely cause a reaction on any asset that is being charted.
Within The Belt
There are 2 ways to play the belt, when trending in either direction, entering the belt can be seen as an area to buy a pullback, providing a strong entry in the trend. The Upper Belt will suffice in the strongest of trends, the middle of the belt indicates a trend that is still strong. A tap of the lowest belt is a weaker trend but often the bottom of any uptrend.
The other way to play the belt from within is play the range from one belt to the other usually the lower belt to the upper belt for a full range play is successful and the mid belt should be used to take partial profits/determine the strength of the move to the other side of the belt.
Responsiveness
3 Types of responsiveness, Fast, Slow and Normal. Slow being the default as its my preffered. The Slow belt will highlight entries with higher probability of causing reaction.
Normal is the best for reliable entries with less patience, it can be recommended for those who are faster to react to directional changes.
Fast belt should only really be used on the Higher timeframe trends as their pull backs can take significantly longer and therefore provides a reliable entry for a quicker than usual high time frame execution.
Dynamic Colors
This is a simple calculation which will be advanced in the future, it can be used to determine the strength of a trend in the belt, highlighting uptrend and downtrends when enabled. Can be disabled in settings.
Auto Aggregator is the primary difference by providing its own calculations very different to how previous auto calculations have worked in spacemanbtc indicators, this aggregator is a work in progress but should produce results that can be replicated accross all coins. Doing so allows for chart by chart switching and is useful for anyone who is in need of quick trend analysis. This can be disabled for manual fine tuning. On by default for new users to learn with.
To Do:
Add outer reversion belts for a full trading system.
Improve dynamic coloring logic.
Improve Auto Aggregator logic.
Fibonaci Opening Range Candle
Fibonacci Opening Range it is 50% and 0.61% of 5 min or 30min or 1 hour opening candle
search buying opportunities below 0.61
and selling opportunities above 0.50
Also acts as good support and resistance in intraday
BEST RESULTS IN INDEXES
Thanks & Best Regards
Marella Ganesh
Opening Range FibonaccisThis indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST)
The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of further movement.
The Fibonacci levels are set such that the opening range high/low fall on the +/-0.5 fib. This creates an "extended range" outside of the opening range that may be useful during breakouts.
Exhaustion ZonesOur Indicator “Exhaustion Zones” offers an insight into the expected Volatility of any given Instrument applied to. Understanding Volatility is essential for using this Indicator. If you are familiar with the concept, then you will most likely find this indicator useful in your trading. If you are unfamiliar with the concept and are interested in this topic, then continue reading a “Brief Concept of Volatility” at the end of the description, where we will provide some informational Links.
This description will provide a High Level description of how our Indicator identifies and visualizes Exhaustion Zones, followed by how to use the Indicator in your trading. At the end we would like to introduce our team and experience.
High Level Description of “Exhaustion Zones”:
Our indicator is predicting the expected market volatility for a predefined period based on recent historical Volatility, which will be referred to as “Period Volatility” from now on. Currently there are two Predefined Periods…
...a daily period, which starts from 21 UTC for the next 24 hours.
...a weekly period, which starts from Sunday 21 UTC for the next 7 days.
Our indicator calculates an expected volatility for the respective period and informes you, the trader, how large the price range could be. The indicator calculates “Exhaustion Zones” using the Period Volatility, which is a multiple (1x, 2x and 3x) of the Period Volatility, based on the Period High/Low. Basically, adding the multiple of the Period Volatility to the Period Low would equate to the “Upper Exhaustion Zones”, and subtracting the multiple of the Period Volatility from the Period High would equate to the “Lower Exhaustion Zones”.
Visualisation:
Our indicator needs to display 2 states …
…price range is SMALLER than predicted Period Volatility. An example would be, a daily period has just begun, and the Daily range is small, hence the Daily range is smaller than the predicted Period Volatility. This state will be referred to as “Moving Exhaustion Zones”
...price range is GREATER than predicted Period Volatility. An example would be, a market has experienced a shock leading to a huge price change and exceeding the Period Volatility. This state will be referred to as “Locked Exhaustion Zones”
What do the Boxes mean:
Our Indicator displays 2 different Periods - Daily and Weekly. The Daily period is displayed with a red accent color, whereas a weekly Period has a yellow accent.
The Boxes themself display the “Exhaustion Zones”. Each period displays upto 4 Exhaustion Zones - 2 Upper Exhaustion Zones, 2 Lower Exhaustion Zones, each having a “Zone 0” and “Zone 1”.
Moving Exhaustion Zones
Moving Exhaustion Zones displays 4 Exhaustion Zones. These Zones are based on the Period High/Low and are NOT locked, and can still be redrawn. As prices make new Period Highes and Lows, exhaustion Zones will be adjusted. This state is visualized by the Open Lock on the right side of the current Exhaustion Zone.
Locked Exhaustion Zones
Locked Exhaustion Zones display 2 Exhaustion Zones and a dashed Line. Price has made its move and has exceeded predicted Period Volatility. Exhaustion Zones are locked and will NOT be repainted from now on. This state is visualized by the closed Lock on the right side of the current Exhaustion Zone.
How to use it:
The Exhaustion Zones indicator is a mean reverting Indicator. That being said, when Price approaches/enters a Zone, the assumption is that Price will either slow down, or reverse.
The Exhaustion Zone is displayed as 2 Sub-Zones: Zone 0 and Zone 1. As Price continues through the Zones without a reversal, the potential for a reversal increases.
We recommend using this Indicator with a reversal Trading Strategy familiar to you.
Furthermore, this Indicator is well suited as a Target. You can use the Exhaustion Zones to define your Target or where you would like to remove partial Profits.
Important
Please note, that the indicator itself just presents price areas where there is a potential for a price reversal, and that these Zones should not be traded blindly
Time frame:
This indicator is programmed to be used on all Timeframes lower than Weekly Timeframes.
Instruments:
This indicator aims to visualize areas of where Market price has the potential to reverse, hence making this a mean reverting Indicator.
Taking this statement to account, it is recommended to apply this Indicator to Instruments with a mean reverting character.
Examples of mean reverting markets could be for example …
...all FOREX instruments, as FOREX is considered a mean reverting Market.
...an instrument that is in a consolidation, or which you are expecting to enter a period of consolidation.
Indicator settings and configuration:
The Indicator has no functional parameters, to reduce User error, and only has visual parameters. The color of the Zones can be tailored to your liking.
Furthermore you have decided what you would like to display on your chart:
… Display Weekly Zones
...Display Daily Zones
...Show History
...Show Zone States.
Brief concept of Volatility:
Volatility is a concept that has been around for a very long time. Following links are helpful to get a grasp of the concept:
en.wikipedia.org(finance)
www.investopedia.com
Our Team:
We are a team of 3 Traders with a co mbined experience of 40 years. We are using our experiences from the market to create Indicators to Visualize the most relevant Patterns to us in our trading today. Our goal is to reconstruct these patterns to match our understanding of the market and to simplify the process of creating reproducible trading Strategies.