LA - Opening Price based Previous day Range PivotThis "LA - Opening Price based Previous day Range Pivot" indicator is a custom technical analysis tool designed for Trading View charts. It plots support and resistance levels (often referred to as pivots or ranges) based on the current opening price combined with the previous period's trading range. The "previous period" can be daily, weekly, or monthly, making it a multi-timeframe tool. These levels are projected using Fibonacci-inspired multipliers to create potential breakout or reversal zones.
The core idea is inspired by concepts like the Opening Range Breakout (ORB) strategy or Fibonacci pivots, but it's customized here to use a dynamic range calculation (the maximum of several absolute price differences) rather than a simple high-low range. This makes it more robust for volatile markets. Levels are symmetric above (resistance) and below (support) the opening price, helping traders identify potential entry/exit points, stop-losses, or targets. This will be useful when there is a gap-up/down as in Nifty/Sensex .
Purpose of the Indicator:
To visualize potential support/resistance zones for the current trading session based on the opening price and historical range data. This helps traders anticipate price movements, such as breakouts above resistance or bounces off support
Use Cases:
Intraday Trading: On lower timeframes (e.g., 5-min or 15-min charts), it shows daily levels for short-term trades.
Swing Trading: On higher timeframes (e.g., hourly or daily), it displays weekly/monthly levels for longer holds.
Range Identification: The filled bands highlight "zones" where price might consolidate or reverse.
Conditional Display: Levels only appear on appropriate timeframes (e.g., daily levels on intraday charts <60min), preventing clutter.
Theoretical Basis: It builds on pivot point theory, where the opening price acts as a central pivot. Multipliers (e.g., 0.618 for Fibonacci golden ratio) project levels, assuming price often respects these ratios due to market psychology.
How Calculations Work
Let's dive into the math with examples. Assume a stock with:
Current daily open (cdo) = $100
Previous daily high (pdh) = $105, low (pdl) = $95, close (pdc) = $102, close 2 days ago (pdc2) = $98
Step 1: Dynamic Range Calculation (var_d2):
This is the max of:
|pdh - pdc2| = |105 - 98| = 7
|pdl - pdc2| = |95 - 98| = 3
|pdh - pdl| = |105 - 95| = 10 (previous day range)
|pdh - cdo| = |105 - 100| = 5
|pdl - cdo| = |95 - 100| = 5
|pdc - cdo| = |102 - 100| = 2
|pdc2 - cdo| = |98 - 100| = 2
Max = 10 (so range = 10). This ensures the range accounts for gaps and extended moves, not just high-low.
Step 2: Level Projections:
Resistance (above open): Open + (Range * Multiplier)
dre6 = 100 + (10 * 1.5) = 115
dre5 = 100 + (10 * 1.27) ≈ 112.7
... down to dre0 = 100 + (10 * 0.1) = 101
dre50 = 100 + (10 * 0.5) = 105 (midpoint)
Support (below open): Open - (Range * Multiplier)
dsu0 = 100 - (10 * 0.1) = 99
... up to dsu6 = 100 - (10 * 1.5) = 85
Without Indicator
With Indicator
Pros and Cons
Pros:
Multi-Timeframe Flexibility: Seamlessly integrates daily, weekly, and monthly levels, useful for aligning short-term trades with longer trends (e.g., intraday breakout confirmed by weekly support).
Dynamic Range Calculation: Unlike standard pivots (just (H+L+C)/3), it uses max of multiple diffs, capturing gaps/volatility better—great for stocks with overnight moves.
Customizable via Inputs: Users can toggle levels, adjust multipliers, or change timeframes without editing code. Inline inputs keep the UI clean.
Visual Aids: Filled bands make zones obvious; conditional colors highlight "tight" vs. "wide" ranges (e.g., for volatility assessment).
Fibonacci Integration: Levels based on proven ratios, appealing to technical traders. Symmetric supports/resistances simplify strategy building (e.g., buy at support, sell at resistance).
No Repainting: Uses historical data with lookahead, so levels are fixed once calculated—reliable for back-testing.
Cons:
Chart Clutter: With all toggles on, 50+ plots/fills can overwhelm the chart, especially on mobile or small screens. Requires manual disabling.
Complexity for Beginners: Many inputs and calculations; without understanding fib ratios or range logic, it might confuse new users.
Performance Overhead: On low timeframes (e.g., 1-min), fetching higher TF data multiple times could lag, especially with many symbols or back-tests.
Assumes Volatility Persistence: Relies on previous range projecting future moves; in low-vol markets (e.g., sideways trends), levels may be irrelevant or too wide/narrow.
No Alerts or Signals: Purely visual; no built-in buy/sell alerts or crossover conditions—users must add separately.
Hardcoded Styles/Colors: Limited customization without code edits (e.g., can't change line styles via inputs).
Also, not optimized for non-stock assets (e.g., forex with 24/7 trading).
In summary, this is a versatile pivot tool for range-based trading based on Opening price, excelling in volatile markets but requiring some setup. If you're using it, start with defaults on a daily chart and toggle off unnecessary levels.
Wyszukaj w skryptach "range"
Opening Range TraderThis indicator, "Opening Range Trader," provides visual tools for defining and tracking two customizable intraday ranges plus today’s open, high, and low. It is designed for day traders to identify support, resistance, and breakout opportunities by automatically marking key price levels that often shape the day's momentum.
It offers:
Customizable start and end times for two independent time ranges.
Toggle options to display lines for the selected ranges and for today’s open, high, and low.
Automatic adaptation for New York market hours.
Real-time updates for session highs/lows and today’s evolving levels.
Traders use this to watch for breakouts above or below the opening range (ORB strategy), to fade false moves when price returns inside the range, or to participate in trending moves after volatility begins. A common setup is entering long on closes above the range high, or short on closes below the range low, with stops and targets based on the range’s width or the opposite boundary.
Risk management approaches include placing stop losses at the midpoint or at the opposite end of the range, and adjusting targets for measured moves. Volume confirmation can help filter valid breakouts, while adapting times for specific assets and trading styles maximizes flexibility.
The second range allows traders to repeat similar strategies later in the session for evolving momentum windows, making this indicator useful for multiple intraday setups.
Multi-Symbol Volatility Tracker with Range DetectionMulti-Symbol Volatility Tracker with Range Detection
🎯 Main Purpose:
This indicator is specifically designed for scalpers to quickly identify symbols with high volatility that are currently in ranging conditions . It helps you spot the perfect opportunities for buying at lows and selling at highs repeatedly within the same trading session.
📊 Table Data Explanation:
The indicator displays a comprehensive table with 5 columns for 4 major symbols (GOLD, SILVER, NASDAQ, SP500):
SYMBOL: The trading instrument being analyzed
VOLATILITY: Color-coded volatility levels (NORMAL/HIGH/EXTREME) based on ATR values
Last Candle %: The percentage range of the most recent 5-minute candle
Last 5 Candle Avg %: Average percentage range over the last 5 candles
RANGE: Shows "YES" (blue) or "NO" (gray) indicating if the symbol is currently ranging
🔍 How to Identify Trading Opportunities:
Look for symbols that combine these characteristics:
RANGE column shows "YES" (highlighted in blue) - This means the symbol is moving sideways, perfect for range trading
VOLATILITY shows "HIGH" or "EXTREME" - Ensures there's enough movement for profitable scalping
Higher candlestick percentages - Indicates larger candle ranges, meaning more profit potential per trade
⚡ Optimal Usage:
Best Timeframe: Works optimally on 5-minute charts where the ranging patterns are most reliable for scalping
Trading Strategy: When you find a symbol with "YES" in the RANGE column, switch to that symbol and look for opportunities to buy near the lows and sell near the highs of the ranging pattern
Risk Management: Higher volatility symbols offer more profit potential but require tighter risk management
⚙️ Settings:
ATR Length: Adjusts the Average True Range calculation period (default: 14)
Range Sensitivity: Fine-tune range detection sensitivity (0.1-2.0, lower = more sensitive)
💡 Pro Tips:
The indicator updates in real-time, so monitor for symbols switching from "NO" to "YES" in the RANGE column
Combine HIGH/EXTREME volatility with RANGE: YES for the most profitable scalping setups
Use the candlestick percentages to gauge potential profit per trade - higher percentages mean more movement
The algorithm uses advanced statistical analysis including standard deviation, linear regression slopes, and range efficiency to accurately detect ranging conditions
Perfect for day traders and scalpers who want to quickly identify which symbols offer the best ranging opportunities for consistent buy-low, sell-high strategies.
Ighodalo Gold - CRT (Candles are ranges theory)This indicator is designed to automatically identify and display CRT (Candles are Ranges Theory) Candles on your chart. It draws the high and low of the identified range and extends them until price breaks out, providing clear levels of support and resistance.
The Candles are Ranges Theory (CRT) concept was originally developed and shared by a trader named Romeotpt (Raid). All credit for the trading methodology goes to him. This indicator simply makes spotting these specific candles easier.
What is a CRT Candle & How Is It Used?
A CRT candle is a single candle that has both the highest high AND the lowest low over a user-defined period. It is identified by analysing a block of recent candles and finding the one candle that contains the entire price range of that block.
Once a CRT candle is formed, its high and low act as an accumulation range.
A break above or below this range is the manipulation phase.
A reclaim of the range (price closing back inside) signifies a potential distribution phase.
On higher timeframes, this sequence can be interpreted as:
Candle 1: Accumulation
Candle 2: Manipulation
Candle 3: Distribution
Reversal (Turtle Soup):
A sweep of the high or low, followed by a quick reclaim (price closing back inside the range), can signify a reversal. According to the theory’s originator, Romeo, this reversal pattern is called “turtle soup.”
After a bearish reversal at the high, the target becomes the CRT low.
After a bullish reversal at the low, the target becomes the CRT high.
How to Use This Indicator
The indicator is flexible and can be adapted to your trading style. The most important settings are:
Max Lookback Period: Number of past candles ("n") the indicator checks within to find a CRT.
CRT Timeframe:
Select a timeframe (e.g., 1H): The indicator will look at the higher timeframe you selected and plot the most recent CRT range from that timeframe onto your current chart. This is useful for multi-timeframe analysis.
Enable Overlapping CRTs:
False (unchecked): Shows only one active CRT range at a time. The indicator won’t look for a new one until the current range is broken.
True (checked): Constantly searches for and displays all CRT ranges it finds, allowing multiple ranges to appear on the chart simultaneously.
Disclaimer & Notes
-This is a visualisation tool and not a standalone trading signal. Always use it alongside your own analysis and risk management strategy.
-All credit for the "Candles are Ranges Theory" (CRT) concept goes to its creator, Romeotpt (Raid).
"On the journey to the opposite side of the range, price often provides multiple turtle soup entry opportunities. Follow their footprints." — Raid, 2025
12H Range (Body + Wicks)12H Range (Body + Wicks)
This indicator highlights the 12-hour candle ranges across any chart timeframe. Each 12H candle is split into its body and wicks, with customizable fill and border colors.
Features:
Draws the full 12H range (Open → Close for the body, High/Low for wicks).
Live updates as the current 12H candle forms.
Works on all chart timeframes.
Custom colors for bullish/bearish bodies and wicks.
Option to show only the current 12H block or keep a history of past ranges.
Lightweight performance with adjustable max bars to keep on chart.
Optional high/low guide lines for quick reference.
Use Cases:
Identify where price is trading relative to the current or past 12H session ranges.
Visualize intraday bias with clear body/wick separation.
Combine with your strategy to trade range reclaims, breaks, or reversals.
Tip: Change the reference timeframe input (default = 12H/720min) to quickly adapt for 4H, 6H, daily, etc.
Open Range Breakout (ORB) with Alerts
🚀 ChartsAlgo – Open Range Breakout (ORB) with Alerts
The Open Range Breakout (ORB) Indicator by ChartsAlg is designed for intraday traders looking to capitalize on price movements after the market’s opening range. This tool is especially effective for futures (MNQ, MES) and high-volatility stocks or crypto where initial volatility sets the tone for the session.
This indicator identifies a user-defined opening range window, plots the high/low lines of that range, and visually alerts users when price breaks out above or below the range — with options to customize breakout repetitions, background fill, and alerts.
💡 What is an Open Range Breakout (ORB)?
The opening range represents the high and low established during the first few minutes of the trading session — usually 15 or 30 minutes. Many intraday strategies are based on the idea that breaking out of this initial range often signals strong momentum and trend continuation.
Traders often enter:
Long when price breaks above the range high.
Short when price breaks below the range low.
⚙️ How It Works
You define a session window (e.g., 09:30–09:45 EST).
The indicator tracks the high and low during this time.
Once the session ends, the high and low become your range breakout levels.
The indicator then:
Plots lines for visual clarity
Optionally fills background between the range
Triggers breakout signals if price crosses the levels
Provides alerts when breakouts occur
🛠️ Settings Breakdown
🔹 Session Settings
Range Session: Set your preferred window (e.g., 0930–0945). Can be premarket, first 30 mins, or any custom time.
Time zone: Use "America/New York" for EST (default) or change to "GMT+0" for international traders.
🔹 Breakout Settings
Bullish Breakout Signals: Number of allowed breakout alerts above the range.
Bearish Breakout Signals: Number of allowed breakout alerts below the range.
This prevents repeated alerts once breakout has been confirmed.
🔹 Display Settings
Show Background Fill: Fills area between high/low of the range for easier visual analysis.
Show Breakout Signals: Triangle markers plotted on the chart when breakouts happen.
Only Show Today’s Range: Keeps the chart clean by showing only the most current day’s range.
🔹 Color Settings
Range High/Low Line Colors: Choose any color for clarity.
Range Fill Color: Customize the highlight area for your chart style.
📊 Chart Features
Range High/Low Lines: Automatically plotted after range session ends.
Visual Fill Box: Optional background shading between the opening range.
Triangle Breakout Markers: Appear at the breakout candle.
Alerts: Can be used with TradingView’s alert system to notify you of breakouts in real-time.
🔔 Alerts
Two alert conditions are built in:
Bullish Breakout: Triggers when price breaks above the high of the range.
Bearish Breakout: Triggers when price breaks below the low of the range.
Example Alert Message:
📈 “Bullish Breakout above Open Range on AAPL!”
To activate:
Click “🔔 Alerts” on TradingView.
Set condition to this script.
Choose “ORB Breakout Up” or “ORB Breakout Down”.
Choose alert frequency and notification method.
⚠️ DISCLAIMER
ChartsAlgo tools are for informational and educational purposes only.
They are not financial advice or signals. Past performance does not guarantee future results. Use at your own risk and always implement solid risk management.
By using this indicator, you agree that you are solely responsible for any trades or decisions made based on the information provided.
ATR RopeATR Rope is inspired by DonovanWall's "Range Filter". It implements a similar concept of filtering out smaller market movements and adjusting only for larger moves. In addition, this indicator goes one step deeper by producing actionable zones to determine market state. (Trend vs. Consolidation)
> Background
When reading up on the Range Filter indicator, it reminded me exactly of a Rope stabilization drawing tool in a program I use frequently. Rope stabilization essentially attaches a fixed length "rope" to your cursor and an anchor point (Brush). As you move your cursor, you are pulling the brush behind it. The cursor (of course) will not pull the brush until the rope is fully extended, this behavior filters out jittery movements and is used to produce smoother drawing curves.
If compared visually side-by-side, you will notice that this indicator bears striking resemblance to its inspiration.
> Goal
Other than simply distinguishing price movements between meaningful and noise, this indicator strives to create a rigid structure to frame market movements and lack-there-of, such as when to anticipate trend, and when to suspect consolidation.
Since the indicator works based on an ATR range, the resulting ATR Channel does well to get reactions from price at its extremes. Naturally, when consolidating, price will remain within the channel, neither pushing the channel significantly up or down. Likewise, when trending, price will continue to push the channel in a single direction.
With the goal of keeping it quick and simple, this indicator does not do any smoothing of data feeds, and is simply based on the deviation of price from the central rope. Adjusting the rope when price extends past the threshold created by +/- ATR from the rope.
> Features & Behaviors
- ATR Rope
ATR Rope is displayed as a 3 color single line.
This can be considered the center line, or the directional line, whichever you'd prefer.
The main point of the Rope display is to indicate direction, however it also is factually the center of the current working range.
- ATR Rope Color
When the rope's value moves up, it changes to green (uptrend), when down, red (downtrend).
When the source crosses the rope, it turns blue (flat).
With these simple rules, we've formed a structure to view market movements.
- Consolidation Zones
Consolidation Zones generate from "Flat" areas, and extend into subsequent trend areas. Consolidation is simply areas where price has crossed the Rope and remains inside the range. Over these periods, the upper and lower values are accumulated and averaged together to form the "Consolidation Zone" values. These zones are draw live, so values are averaged as the flat areas progress and don't repaint, so all values seen historically are as they would appear live.
- ATR Channel
ATR Channel displays the upper and lower bounds of the working range.
When the source moves beyond this range, the rope is adjusted based on the distance from the source to the channel. This range can be extremely useful to view, but by default it is hidden.
> Application
This indicator is not created to provide signals, or serve as a "complete" system.
(People who didn't read this far will still comment for signals. :) )
This is created to be used alongside manual interpretation and intuition. This indicator is not meant to constrain any users into a box, and I would actually encourage an open mind and idea generation, as the application of this indicator can take various forms.
> Examples
As you would probably already know, price movement can be fast impulses, and movement can be slow bleeds. In the screenshot below, we are using movements from and to consolidation zones to classify weak trend and strong trend. As you can see, there are also areas of consolidation which get broken out of and confirmed for the larger moves.
Author's Note: In each of these examples, I have outlined the start and end of each session. These examples come from 1 Min Future charts, and have specifically been framed with day trading in mind.
"Breakout Retest" or "Support/Resistance Flips" or "Structure Retests" are all generally the same thing, with different traders referring to them by different names, all of which can be seen throughout these examples.
In the next example, we have a day which started with an early reversal leading into long, slow, trend. Notice how each area throughout the trend essentially moves slightly higher, then consolidates while holding support of the previous zone. This day had a few sharp movements, however there was a large amount of neutrality throughout this day with continuous higher lows.
In contrast to the previous example, next up, we have a very choppy day. Throughout which we see a significant amount of retests before fast directional movements. We also see a few examples of places where previous zones remained relevant into the future. While the zones only display into the resulting trend area, they do not become immediately meaningless once they stop drawing.
> Abstract
In the screenshot below, I have stacked 2 of these indicators, using the high as the source for one and the low as the source for the other. I've hidden lines of the high and low channels to create a 4 lined channel based on the wicks of price.
This is not necessary to use the indicator, but should help provide an idea of creative ways the simple indicator could be used to produce more complicated analysis.
If you've made it this far, I would hope it's clear to you how this indicator could provide value to your trading.
Thank you to DonovonWall for the inspiration.
Enjoy!
Tight Range Display with Background🌟 Tight Range Transparency Display with Background
What Is This Indicator?
Hey traders! Ever wanted a simple way to spot those quiet, low-volatility moments in the market that often signal a big move is coming? The Tight Range Transparency Display with Background does exactly that! This indicator highlights periods where the price is moving in a tight range—think of it as the calm before the storm. It paints the chart background blue to show these zones, with the shade getting darker the tighter the range becomes. It’s like having a visual cue to say, “Hey, something might be brewing here!”
Why You’ll Love It
Spot Key Moments Easily: The blue background makes it super easy to see when the market is in a tight range, which often happens before breakouts or big trends.
Customizable Settings: You can tweak the range thresholds to match your trading style—whether you’re looking for super tight zones or slightly broader ones.
Visual Clarity: The background gets darker when the range is tighter, giving you a quick sense of how compressed the price action is.
Perfect for Any Market: Works on stocks, forex, crypto, or any chart you trade, across any timeframe.
How to Use It
Add It to Your Chart:
Just copy this script into TradingView’s Pine Editor and hit "Add to Chart." It’ll overlay right on your price chart.
Tweak the Settings:
Open the indicator settings and use the dropdown menus to pick your preferred "Tight Range %" and "Wide Range %." For example, set a Tight Range % of 2.0% to catch smaller ranges, or go higher like 10.0% for broader ones.
You can also adjust the ATR Period (default is 5) to make the indicator more or less sensitive to recent price swings.
Watch for the Blue Background:
When the price enters a tight range, the chart background turns blue. The darker the blue, the tighter the range—meaning a potential breakout could be closer!
Trade Smarter:
Use these tight range zones to prepare for potential breakouts. For example, if you see a dark blue background, it might be a good time to watch for a big price move.
Pair this with other tools like support/resistance levels or volume spikes to confirm your trades.
Who Is This For?
Swing Traders: Perfect for spotting consolidation zones before a big swing.
Breakout Traders: Tight ranges often lead to breakouts—use this to time your entries.
Smart Money Followers: If you’re into smart money concepts, tight ranges can signal accumulation or distribution phases.
Beginners & Pros Alike: It’s easy to use for new traders but powerful enough for seasoned pros.
Real-World Example
Imagine you’re trading a stock on a 1-hour chart. You notice the background turns blue, and it’s getting darker over a few bars. This tells you the price range is tightening—maybe the stock is consolidating after a big move. You check your other indicators, see a volume spike, and spot a breakout above resistance. Boom! You catch the next big trend, all because this indicator helped you focus on the right moment.
Tips for Best Results
Try Different Timeframes: Tight ranges on a 15-minute chart might signal short-term moves, while a daily chart could highlight bigger trends.
Adjust for Your Market: For volatile markets like crypto, you might want a higher Tight Range % (e.g., 10.0%). For calmer markets like forex, try a lower setting (e.g., 2.0%).
Combine with Other Tools: Use this alongside trendlines, moving averages, or volume indicators to confirm your setups.
Why I Made This
I created this indicator because I wanted a simple, visual way to spot those critical low-volatility zones without cluttering my chart. The dynamic background color makes it intuitive to see when the market is “coiling up” for a potential move. I hope it helps you find better trading opportunities just like it does for me!
Let’s Connect
If you find this indicator helpful, I’d love to hear about it! Drop a comment or a rating to let me know how it’s working for you. Got ideas to make it even better? Feel free to message me on TradingView—I’m always open to suggestions.
Published On
Date: May 22, 2025
Happy trading, and may your charts always be in your favor! 🚀
How to Publish on TradingView
Open Pine Editor:
On TradingView, open a chart and go to the Pine Editor tab at the bottom.
Paste the Code:
Copy the script you provided and paste it into the Pine Editor.
Compile:
Click "Add to Chart" to ensure it compiles without errors.
Publish:
Click the "Publish Script" button (paper plane icon) in the Pine Editor.
Select "Publish New Script."
Add the Description:
Title: "Tight Range Transparency Display with Background"
Description: Copy the content above into the description field.
Visibility: Choose "Public" to share with everyone (or "Invite-Only" for restricted access).
Tags: Add tags like "tight range", "breakout", "smart money", "volatility", "swing trading".
Screenshot: Add a screenshot of the indicator on a chart, showing the blue background during a tight range.
Submit:
Click "Publish" to submit. TradingView will review it and make it live if it meets their guidelines.
Additional Notes
Screenshot Tip: Use a chart where the blue background is clearly visible (e.g., during a consolidation period) to make the indicator’s effect stand out.
Engage with Users: After publishing, respond to comments and feedback to build a positive reputation on TradingView.
This content is designed to be approachable and engaging, helping traders understand the value of your indicator and encouraging them to try it out.
Normalized True Range - Grouped by WeekdaysThis indicator helps traders analyze daily volatility patterns across different days of the week by calculating normalized price ranges.
Unlike traditional volatility measures, it uses a normalized approach by dividing the daily range (high-low) by the midpoint price and multiplying by 100, providing a percentage-based measure that's comparable across different price levels. This normalization makes it particularly useful for comparing volatility patterns across different assets or time periods.
The indicator also includes a statistical overlay that highlights extreme volatility events. By calculating the 5th and 95th percentiles of the normalized ranges within your specified date range, it creates upper and lower bounds that help identify outlier days where volatility was exceptionally high or low.
These bounds appear as horizontal lines on the chart, making it easy to spot when current volatility breaks out of its historical norms.
The data is presented in both visual and tabular formats, with a comprehensive table showing the maximum, minimum, average, and 25th percentile ranges for each day of the week. This dual presentation allows traders to both quickly spot patterns visually and access detailed statistics for deeper analysis.
The user can customize the analysis period through simple date range inputs, making it flexible for different analytical timeframes.
Judas Swing ICT 01 [TradingFinder] New York Midnight Opening M15🔵 Introduction
The Judas Swing (ICT Judas Swing) is a trading strategy developed by Michael Huddleston, also known as Inner Circle Trader (ICT). This strategy allows traders to identify fake market moves designed by smart money to deceive retail traders.
By concentrating on market structure, price action patterns, and liquidity flows, traders can align their trades with institutional movements and avoid common pitfalls. It is particularly useful in FOREX and stock markets, helping traders identify optimal entry and exit points while minimizing risks from false breakouts.
In today's volatile markets, understanding how smart money manipulates price action across sessions such as Asia, London, and New York is essential for success. The ICT Judas Swing strategy helps traders avoid common pitfalls by focusing on key movements during the opening time and range of each session, identifying breakouts and false breakouts.
By utilizing various time frames and improving risk management, this strategy enables traders to make more informed decisions and take advantage of significant market movements.
In the Judas Swing strategy, for a bullish setup, the price first touches the high of the 15-minute range of New York midnight and then the low. After that, the price returns upward, breaks the high, and if there’s a candlestick confirmation during the pullback, a buy signal is generated.
bearish setup, the price first touches the low of the range, then the high. With the price returning downward and breaking the low, if there’s a candlestick confirmation during the pullback to the low, a sell signal is generated.
🔵 How to Use
To effectively implement the Judas Swing strategy (ICT Judas Swing) in trading, traders must first identify the price range of the 15-minute window following New York midnight. This range, consisting of highs and lows, sets the stage for the upcoming movements in the London and New York sessions.
🟣 Bullish Setup
For a bullish setup, the price first moves to touch the high of the range, then the low, before returning upward to break the high. Following this, a pullback occurs, and if a valid candlestick confirmation (such as a reversal pattern) is observed, a buy signal is generated. This confirmation could indicate the presence of smart money supporting the bullish movement.
🟣 Bearish Setup
For a bearish setup, the process is the reverse. The price first touches the low of the range, then the high. Afterward, the price moves downward again and breaks the low. A pullback follows to the broken low, and if a bearish candlestick confirmation is seen, a sell signal is generated. This confirmation signals the continuation of the downward price movement.
Using the Judas Swing strategy enables traders to avoid fake breakouts and focus on strong market confirmations. The strategy is versatile, applying to FOREX, stocks, and other financial instruments, offering optimal trading opportunities through market structure analysis and time frame synchronization.
To execute this strategy successfully, traders must combine it with effective risk management techniques such as setting appropriate stop losses and employing optimal risk-to-reward ratios. While the Judas Swing is a powerful tool for predicting price movements, traders should remember that no strategy is entirely risk-free. Proper capital management remains a critical element of long-term success.
By mastering the ICT Judas Swing strategy, traders can better identify entry and exit points and avoid common traps from fake market movements, ultimately improving their trading performance.
🔵 Setting
Opening Range : High and Low identification time range.
Extend : The time span of the dashed line.
Permit : Signal emission time range.
🔵 Conclusion
The Judas Swing strategy (ICT Judas Swing) is a powerful tool in technical analysis that helps traders identify fake moves and align their trades with institutional actions, reducing risk and enhancing their ability to capitalize on market opportunities.
By leveraging key levels such as range highs and lows, fake breakouts, and candlestick confirmations, traders can enter trades with more precision. This strategy is applicable in forex, stocks, and other financial markets and, with proper risk management, can lead to consistent trading success.
Twin Range Filter VisualizedVisulaized version of @colinmck's Twin Range Filter version on TradingView.
On @colinmck's Twin Range Filter version, you can only see Long and Short signals on the chart.
But in this version of TRF, users can visually see the BUY and SELL signals on the chart with an added line of TRF.
TRF is an average of two smoothed Exponential Moving Averages, fast one has 27 bars of length and the slow one has 55 bars.
The purpose is to obtain two ranges that price fluctuates between (upper and lower range) and have LONG AND SHORT SIGNALS when close price crosses above the upper range and conversely crosses below lower range.
I personally combine the upper and lower ranges on one line to see the long and short signals with my own eyes so,
-BUY when price is higher or equal to the upper range level and the indicator line turns to draw the lower range to follow the price just under the bars as a trailing stop loss indicator like SuperTrend.
-SELL when price is lower or equal to the lower range levelline under the bars and then the indicator line turns to draw the upper range to follow the price just over the bars in that same trailing stop loss logic.
There are also two coefficients that adjusts the trailing line distance levels from the price multiplying the effect of the faster and slower moving averages.
The default values of the multipliers:
Fast range multiplier of Fast Moving Average(27): 1.6
Slow range multiplier of fSlow Moving Average(55): 2
Remember that if you enlarge these multipliers you will enlarge the ranges and have less but lagging signals. Conversely, decreasing the multipliers will have small ranges (line will get closer to the price and more signals will occur)
Volumetric Toolkit [LuxAlgo]The Volumetric Toolkit is a complete and comprehensive set of tools that display price action-related analysis methods from volume data.
A total of 4 features are included within the toolkit. Symbols that do not include volume data will not be supported by the script.
🔶 USAGE
The volumetric toolkit puts a heavy focus on price action, returning support/resistance levels, ranges, volume divergences...etc.
The main premise between each feature is that volume has a direct relationship with market participants level of interest over a specific symbol, and that this interest is not constant over time.
Each individual feature is detailed below.
🔹 Ranges Of Interest
The Ranges Of Interest construct a range from a surge of high liquidity in the market. This range is constructed from the price high and price low of the candle with the associated significant liquidity.
The returned extremities can be used as support and resistance, with breakouts often being accompanied by significant liquidity as well, suggesting potential trend continuations.
The length setting associated with this feature determines how sensitive the range detection algorithm is to volume, with higher values requiring more significant volume in order to display a new range.
🔹 Impulses
Impulses highlight times when volume makes a new higher high while the price makes a new higher high or lower low, suggesting increased market participation.
When this occurs when the price makes a new higher high the impulse is considered bullish (green), if the price makes a new lower low the impulse is bearish (red).
Impulses occurring within an established trend opposite to it (e.g a bearish impulse on an uptrend) might be indicative of reversals.
The length setting works similarly to the previously described ranges of interest, with higher values requiring longer-term volume higher high and price higher high/lower low, highlighting more significant impulse and potentially longer-term reversals.
🔹 Levels Of Interest
Levels of interest display price levels of significant trading activity, contrary to the range of interest only the closing price is taken into account, also volume peaks are used to detect significant trading activity.
Note that this feature is subject to backpainting, that is lines are set retrospectively.
Users can determine the amount of most recent levels to display on the chart. These can be used as classical support/resistances.
🔹 Volume Divergence
We define volume divergence as a decreased market participation while a trend is still developing.
More precisely volume divergences are highlighted if volume makes a lower high while price is making a new higher high/lower low.
This can be indicative of a lack of further participation in the current trend, indicating a potential reversal.
Using higher length values will return longer-term divergences.
Note that this feature is subject to backpainting, that is lines are set retrospectively.
🔶 SETTINGS
🔹 Ranges Of Interest
Show Ranges Of Interest: Display Ranges Of Interest.
Length: Ranges Of Interest sensitivity to volume.
🔹 Impulses
Show Impulses: Display Ranges Of Interest.
Length: Impulses sensitivity to volume.
🔹 Levels Of Interest
Show: Determine if Levels Of Interest are displayed, and how many from the most recent.
Length: Level detection sensitivity to volume.
🔹 Volume Divergences
Show Divergences: Determine if Volume Divergences are displayed.
Length: Period for the detection of price tops/bottoms and volume peaks.
ICT Friday's Asian Range°This concept was engineered and taught by the Inner Circle Trader .
The goal of this script is to outline a potential draw on liquidity for the next trading week. It gives a parameter for ICT PD Arrays to be located above and below the marketplace and should be used in conjunction with the higher Timeframe Arrays as defined by ICT.
If there is a higher Timeframe array with a standard deviation confluence of the Friday Asian Range it is considered high probability for price to reach up/down to that level, and present a potential retracement or reversal.
The Asian Range is defined as the window of Time between 7PM to Midnight New York Time. In this case we will be only using the Friday's Asian Range which will take place on Thursday between these Times.
We have two ranges: a Body range made of the highest and lowest candle bodies, and a Wick range made by the highest and lowest candle wicks.
ICT teaches that we only want to apply this concept to the 5minute and 15minute chart.
THIS SCRIPT WILL NOT WORK ON ANY OTHER TIMEFRAME OUT OF THE BOX
Framework:
Visualization:
Example:
IDWM Master StructureExecutive Summary
The IDWM Master Structure is a Multi-Timeframe (MTF) trading tool designed to force discipline by aligning traders with the "Parent" trend. It functions by locking onto the "Completed Auction" of a higher timeframe candle (like a Daily or Weekly bar) and projecting that structure onto your lower timeframe chart. Its primary goal is to define the "Dealing Range"—the hard boundaries where value was previously established—so you don't get lost in the noise of smaller price movements.
1. The Principle of Completed Auctions (Hierarchy)
Most technical indicators curve dynamically with every price tick. This script acts differently because it relies on "Settled Arguments." A closed Daily candle represents a finished battle between buyers and sellers; the High and Low are the historical results of that battle.
To enforce this, the script automatically selects a "Parent" timeframe based on your view:
Scalping (charts below 15 minutes) uses the 4-Hour Auction.
Intraday trading (15 minutes to 4 Hours) uses the Daily Auction.
Swing trading (Daily chart) uses the Weekly Auction.
2. Liquidity Pools & The Sticky Range
The High and Low lines drawn by the indicator are not just support and resistance; they represent Liquidity Pools. In market theory, stop-losses (Sell Stops below Lows, Buy Stops above Highs) accumulate at these edges.
Smart money often pushes price just past these lines to grab this liquidity (a "Stop Hunt") before reversing direction. To account for this, the script uses a "Sticky Range" mechanism. It refuses to redraw the box simply because price touched the line. Instead, it uses an Average True Range (ATR) Buffer. A new structure is only formed if the candle closes decisively outside the range plus this volatility buffer. This ensures you are trading real breakouts, not liquidity sweeps.
3. Internal Range Mechanics (Premium vs. Discount)
Inside the Master Box, the script applies Equilibrium Theory to help with trade location.
The most important internal line is the Equilibrium (EQ), which marks the exact 50% point of the range.
Premium Zone (Above EQ): Price is mathematically "expensive" relative to the recent range. Algorithms generally look to establish Short positions here.
Discount Zone (Below EQ): Price is considered "cheap." Algorithms generally look to establish Long positions here.
It also plots the Master Open, which acts as a "Line in the Sand." If price is currently trading above the Master Open, the higher timeframe candle is Green (Bullish), suggesting longs have a higher probability. If below, the candle is Red (Bearish).
4. Wick Theory (Failed Auctions)
The script places special emphasis on the wicks of the Master Candle because a wick represents a "Failed Auction"—a price level the market tried to explore but ultimately rejected.
The indicator highlights the background of the wick area (from the High to the Body). On a retest, these zones often act as supply or demand blocks because the market remembers the previous failure.
It also calculates the "Consequent Encroachment," which is the 50% midpoint of the wick. The rule of thumb here is that if a candle body can close past 50% of a wick, the rejection is nullified, and price will likely travel to fill the entire wick.
5. Energy Expansion (Breakout Targets)
Market energy transfers from Consolidation (inside the box) to Expansion (the breakout). When the price finally breaks the "Sticky Range" (confirming via the ATR buffer), the script projects where that energy will go.
It uses the height of the previous range to calculate Fibonacci extensions. Specifically, it targets the 1.618 Extension, often called the "Golden Ratio." This is a statistically significant level where expansion moves tend to exhaust themselves and reverse.
6. Safety Protocol: Live Detection
A dashboard monitors the state of the parent candle. If the text turns Magenta with a warning symbol, it means the Higher Timeframe candle is "Live" (still forming).
Trading off a live structure is considered higher risk because the "Auction" isn't finished—the High or Low can still shift. The safest approach is to trade when the dashboard indicates a standard, locked, historical structure.
Combined Predictive Indicator### Combined Predictive Zones & Levels
This indicator is a powerful hybrid tool designed to provide a comprehensive map of potential future price action. It merges two distinct predictive models into a single, cohesive view, helping traders identify key levels of support, resistance, and areas of high confluence.
#### How It Works: Two Models in One
This script is built on two core components that you can use together or analyze separately:
**Part 1: Classic Range & Fibonacci Prediction**
This model uses classic technical analysis principles to project a potential range for the upcoming price action.
* **Highest High / Lowest Low:** It identifies the significant trading range over a user-defined lookback period.
* **Fibonacci Levels:** It automatically plots key Fibonacci retracement levels (e.g., 38.2% and 61.8%) within this range, which often act as critical support or resistance.
* **ATR & Average Range:** It calculates a "predicted" upper and lower boundary based on the average historical range and current volatility (ATR).
**Part 2: Advanced Predictive Ranges (Self-Adjusting Channels)**
This is a dynamic model that creates adaptive support and resistance zones based on a smoothed average price and volatility.
* **Dynamic Average:** It uses a unique moving average that only adjusts when the price moves significantly, creating a stable baseline.
* **ATR-Based Zones:** It projects multiple levels of support (S1, S2) and resistance (R1, R2) around this average, which widen and narrow based on market volatility. These zones often signal areas where price might stall or reverse.
#### Key Features:
* **Hybrid Model for Confluence:** The true power of this indicator lies in finding where the levels from both models overlap. A Fibonacci level aligning with a Predictive Range support zone is a much stronger signal.
* **Comprehensive Data Table:** A clean, on-chart table displays the precise values of all key predictive levels, allowing for quick reference and precise trade planning.
* **Multi-Timeframe (MTF) Capability:** The Advanced Predictive Ranges can be calculated on a higher timeframe, giving you a broader market context.
* **Fully Customizable:** All lengths, multipliers, and levels for both models are fully adjustable in the settings to fit any asset or trading style.
* **Clear Visuals:** All zones and levels are color-coded for intuitive and easy-to-read analysis.
#### How to Use:
1. Look for areas of **confluence** where multiple levels from both models cluster together. These are high-probability zones for price reactions.
2. Use the Predictive Range zones (S1/S2 and R1/R2) as potential targets for trades or as areas to watch for entries and exits.
3. Pay attention to the on-chart table for exact price levels to set limit orders or stop-losses.
**Disclaimer:** This script is an analytical tool for educational purposes and should not be considered financial advice. All trading involves risk. Past performance is not indicative of future results. Always use this indicator as part of a comprehensive trading strategy with proper risk management.
Feedback is welcome! If you find this tool useful, please leave a like.
Fibonacci Period Range [UkutaLabs]█ OVERVIEW
The Fibonacci Period Range Indicator is a powerful trading tool that draws levels of support and resistance that are based on key Fibonacci levels. The script will identify the high and low of a range that is specified by the user, then draw several levels of support and resistance based on Fibonacci levels.
The script will also draw extension levels outside of the specified range that are also based on Fibonacci levels. These extension levels can be turned off in the indicator settings.
Each level is also labelled to help traders understand what each line represents. These labels can be turned off in the indicator settings.
The purpose of this script is to simplify the trading experience of users by giving them the ability to customize the time period that is identified, then draw levels of support and resistance that are based on the price action during this time.
█ USAGE
In the indicator settings, the user has access to a setting called Session Range. This gives users control over the range that will be used.
The script will then identify the high and low of the range that was specified and draw several levels of support and resistance based on Fibonacci levels between this range. The user can also choose to have extension levels that display more levels outside of the range.
These lines will extend until the end of the current trading day at 5:00 pm EST.
█ SETTINGS
Configuration
• Display Mode: Determines the number of days that will be displayed by the script.
• Show Labels: Determines whether or not identifying labels will be displayed on each line.
• Font Size: Determines the text size of labels.
• Label Position: Determines the justification of labels.
• Extension Levels: Determines whether or not extension levels will be drawn outside of the high and low of the specified range.
Session
• Session Range: Determines the time period that will be used for calculations.
• Timezone Offset (+/-): Determines how many hours the session should be offset by.
ATR Range Accumulation by Standard Deviation and Volume [SS]So, this is an indicator/premise I have been experimenting with, which mixes ATR with Z-Score and Volume metrics.
What does the indicator do?
The indicator, on the lower timeframes, uses an ATR approach to determine short-term ranges. It takes the average ATR range over a designated lookback period and plots out the levels like so:
It then calculates the Z-Score for these ATR targets (shown in the chart above) and calculates, over the designated lookback period, how often price accumulates at that standard deviation level.
The indicator is essentially a hybrid of my Z-Score Support and Resistance indicator and my frequency distribution indicator. It combines both concepts into one.
You also have the option of sorting by volume accumulation. This will display the accumulation of the ranges by volume accumulation, like so:
Larger Timeframes:
If you want to see the accumulation by volume or standard deviation on the larger timeframes, you can. Simply toggle on your preferred setting:
Show Total Accumulation Breakdown:
This will break down the levels, over the lookback period, by standard deviation. This is similar to the Z-Score support and resistance indicator. It will then show you how often price accumulates at these various standard deviation levels. Here is an example on the daily timeframe using the 1D chart settings:
Inversely, you can repeat this, with the Z-Score levels, but show accumulation by volume. This will print 5 boxes, which are between +3 Standard Deviations and -3 Standard Deviations, like so:
Here we can see that 61% of volume accumulation is between -1 and 1 standard deviation.
Using it to Trade:
For swing trading, I suggest using the larger timeframe information. However, for both swing and day traders, it is also helpful to use the ATR display. You can modify the ATR display to show the levels on any timeframe by selecting which timeframe you would like to see ATR ranges for. If you are trading on the 1 or 5-minute chart, I suggest leaving the levels at no shorter than a 60-minute timeframe.
You can also use these levels on the daily for the weekly levels, etc.
The accumulation being shown will be based on the current chart timeframe. This is a function of Pinescript, but in this case, it's actually advantageous because if you are trading on the shorter timeframe, and a level has 0% recent accumulation, it's unlikely we will see that level soon or overly quickly. Intraday retracements will generally happen to areas of high accumulation.
How this indicator is different:
The difference in this indicator comes from its focus on accumulation in relation to Standard Deviation. There is one thing that is consistent among retail traders, algorithms, market makers, and funds, and that is looking at the market in terms of standard deviation. Each person, market maker, and algorithm may be slightly nuanced in how it conceptualizes standard deviation (whether it be since the inception of the ticker (or IPO), or the previous 500 days, or the previous 100 days, etc.), but the premise remains consistent. Standard Deviation is a really important, if not the most important, metric to pay attention to. Another important metric is volume. Thus, the premise is that combining volume accumulation with standard deviation should, theoretically, be telling. We can see the extent of buying at various standard deviations and whether a stock is really a buy or not.
And that's the indicator! Hope you enjoy it. Leave your comments and questions below.
Safe trades!
RSI - Dynamic Overbought/Oversold RangeDefault overbought/oversold levels of RSI does not hold good for instruments which are trending well. It happens often that instruments keep trading in single half of the range for prolonged time without even touching the other half. This also came up often in tradingview pine chat discussions where I participate regularly.
Hence, thought of creating this script to help other scriptors in finding different methods to derive dynamic high/low range of RSI. This can also be adopted for other range bound oscillators - though not inlcuded in this script.
⬜ Method
▶ Derive multitimeframe RSI. Parameters - Resolution, Source and Length are pretty straight forward. Repaint when unchecked uses previous bar value.
▶ Dynamic range detection follows below steps.
Get highest and lowest of the oscillator source for Range Length period.
Use Detection method further to refine the highest and lowest range. If detection method is "highlow", then it looks for lowest value for high range and highest value for low range. If not, uses moving average.
◽Note: Detection range length is used only for finding highest and lowest of Oscillator value ranges. Further detection range method of highlow and other moving average types use Oscillator length.
ICT Time RangesICT Time Ranges is a concept around the fact that price likes to show volatility spikes in certain times of the day.
Although there are many other scripts such as that revolve around this concept, the difference between this one and some of the others out there is the fact that this code specifically focuses on the ranges like New York, London, Asia, and ICTs concept behind having a "True Day Range". Also, prior scripts draw horizontal lines to delineate the High and Low of the Day. Although this is useful in some cases, I find it to clutter up the chart too much for my liking, so this script negates any of that and simply prints a box in the parameters given within the settings pop-up. This also allows you the fact of having a shape and letter(s) marker for when a new day starts at 0:00.
With this script, you can enable / disable times of the day for:
- London Session
- New York Session
- London Close Session
- Asia Session
- "IPDA" True Day
You can also change the times that these sessions will update to, along with the opacity and color that they print to mark out these times / ranges. The same can be said with the "Day of Week" markers, which can be color coded and show different shapes / formats to your liking.
I find that putting the Session boxes opacity to 7-8% and the day of week markers to 20% is best as this makes them visible enough to see while also keeping it easy on your eyes to analyze your charts.
Overall, this script was based around specific concepts I liked from other individuals' scripts such as @BryceWH and @AvniPiro , but that are tweaked to what I personally find as most beneficial. To see others scripts like this one, you can search for "ICT Killzones" in the public script library!
SJ Fx Session RangeSJ Fx Session Range Indicator
A Professional Forex Session Tracking Tool with Opening Range Analysis
Overview
The SJ Fx Session Range indicator is a comprehensive tool designed to help forex traders visualize major trading sessions (Asia, Europe+London, and New York) along with their first 15-minute opening ranges. Built with Pine Script v5, this indicator provides clear session boundaries, high/low ranges, and customizable opening range analysis to enhance your trading decisions.
Key Features
1. Trading Session Boxes
- Three major forex sessions: Asia, Europe+London, and New York
- Color-coded session boxes with transparent backgrounds for easy visualization
- Automatic session high/low tracking
- Session labels displayed inside boxes for quick identification
- Displays up to 50 historical sessions for pattern analysis
2. Opening Range Analysis
- Tracks first 15-minute opening range for Europe, London, and NY sessions
- Plots high, low, and mid-range levels
- Customizable line colors for each session's opening range
- Background highlights during the first 15 minutes of each session
- Helps identify potential breakout or reversal zones
3. Daylight Saving Time Support
- Built-in DST toggle for easy seasonal adjustment
- Automatically adjusts all session timings by 1 hour when enabled
- Clear tooltip instructions for when to enable/disable DST
- Default timings configured for IST timezone (Asia/Kolkata)
4. User-Friendly Design
- Clean input interface organized by session categories
- Fixed optimal settings for boxes and lines (50-day history)
- All session times are easily customizable with helpful tooltips
- Warning tooltips to prevent accidental timing changes
Default Session Times (when DST is disabled)
- Asia Session: 04:00 - 12:30 IST
- Europe + London Session: 12:30 - 20:00 IST
- New York Session: 20:00 - 02:30 IST
How to Use
1. Add to Chart: Apply the indicator to any forex pair chart
2. Adjust DST: Enable the "Start Daylight Saving Time Change" checkbox on the second Sunday in March; disable on the first Sunday in November
3. Customize Sessions: Toggle individual sessions on/off based on your trading preference
4. Opening Range Colors: Customize the opening range line colors for better visibility
5. Session Times: Default times are optimized for IST; modify only if trading from a different timezone
Technical Specifications
- Version: Pine Script v5
- Overlay: Yes (draws directly on price chart)
- Maximum Objects: 500 boxes, 500 lines
- History: 50 days of session data
- Timezone: Asia/Kolkata (IST) - customizable in code
Use Cases
- Identify high-liquidity trading periods
- Track session volatility patterns
- Monitor opening range breakouts/breakdowns
- Analyze session-specific price action
- Plan entries around major session opens
- Avoid trading during low-liquidity periods
Performance
Optimized for efficient rendering with:
- Fixed 50-day history limit for optimal performance
- Automatic cleanup of old session boxes and lines
- Lightweight code structure for fast chart loading
Customization Options
Available Inputs:
- Enable/disable individual sessions
- Adjust session timings (with safety tooltips)
- Toggle DST on/off
- Show/hide opening range analysis
- Customize opening range line colors for each session
Fixed for Optimal Performance:
- Session box colors (Asia: Aqua, Europe: Green, NY: Red)
- 50-day historical display
- Line width and style
- Mid-range line always displayed
Educational Value
This indicator helps traders:
- Understand forex market structure and session overlaps
- Recognize high-probability trading times
- Develop session-based trading strategies
- Improve timing of trade entries and exits
Open Source License
This script is published under Mozilla Public License 2.0, allowing you to:
- Use freely for personal trading
- Modify and adapt to your needs
- Learn from the code structure
- Share improvements with the community
Credits
Developed by Shantanu Joshi
- Designed for forex traders focusing on session-based strategies
- Built with clean, well-documented Pine Script v5 code
- Regular updates and improvements based on user feedback
Support & Feedback
If you find this indicator useful:
- Give it a thumbs up
- Share your trading results in the comments
- Suggest improvements or new features
- Report any issues for quick resolution
Disclaimer
This indicator is for educational and informational purposes only. It does not constitute financial advice. Always conduct your own research and risk management before making trading decisions. Past performance does not guarantee future results.
Compatible with: CFDs of forex pairs, commodities, indices, and crypto.
Best used on: 5-minutes
Recommended chart type: Candlestick charts
ATR Anchored Range %b by TradeSeekersAll time highs got you spooked to enter with no levels in sight?
Stuck in a multi-week range and wondering where the heck the pivots are!?
Wondering if you're longing the top or shorting the potential bottom and about to get smoked, sending you back to burger flipping?!
Fret not trading friends!
I've been crafting the ultimate map for scalpers, slingers, swingers, swindlers, swashbucklers -and traders too.
Why should I care about this, what's an ATR!?
Nearly any trader that's entered the markets has heard of ATR, perhaps even taken a stab at trying to calculate the flux capacity of a weekly ATR on a lower timeframe. Continually calculating things manually sucks!
Ok, so you haven't heard of ATR? It's the average true range... what's the true range!? It's simply the low subtracted from the high (high - low) of any given candle.
How is ATR useful?
The theory is simple, if the ATRs on the daily timeframe for a stock are 5, then traders may have a reasonable expectation that any day in the near future the stock will mostly move +/- 5 pts. This +/- 5 can be used as a possible daily high and low for traders to use.
But ATR changes as time passes, with every billionaire X post, viral cat meme, fed announcement or government shutdown the market makes it's move. This means without this tool, traders need to run the standard lame (sorry) ATR indicator and then hand draw a bunch of important levels (barf).
I'm convinced and ready to join the ATR army, what do I do?
Glad to have you aboard sailor, slap this indicator on your layout - it'll initially display a bottom panel, say nice things to it.
Usage
The lower panel provides a %b plot representative of the current price relative to the timeframe and period ATR. (Defaults to 1D timeframe and 20 - 20 trading days in a month yo)
This %b plot is a map for price against the key ATR based levels and resets each time the timeframe change occurs.
Keep reading! (maybe grab a snack, you're doing great)
If you want to see what the indicator sees, how it maths the math, open the settings and check the "overlay" option... it's amazing, I know.
Main base of operations
This will be the gray area between first red and green lines, imagine this is a future candle for the timeframe anchored. The red would represent the candle high (red means stop/overbought), and the green would represent the candle low (green means go/oversold).
Regardless of the timeframe anchored, this area always represents the area the ATR indicates will be the building area of the current candle being formed. Traders should expect most of the trading to occur within this area.
The mid line
Don't diddle in the middle, this by default is the open price and it's the ultimate bias filter for bull or bear riders.
Extension areas
Beyond the gray area is the extension zone, this provides a whole ATR from the mid line to the extension.
Assembling a trade plan
There are just a couple of key concepts to master in order to become the ultimate ATR samurai warrior, capable of slicing through even the messiest liquidity.
Above the midline and holding, but still within the gray area? Could be a great long entry with targets to upper levels. The same holds true for below open and holding while still being within the lower gray area.
As price makes it's ascension or decline towards the ends of the initial gray ATR range, consider managing trades here. If it's suspected, due to a strong hold of the midline, that the range low or high is the midline, then continue to manage trades towards the extension zones.
Timeframes and periods oh my
The tooltips already provide some hints, but not everyone goes around clicking and hovering everything in sight (maybe I'm the only one that does that?).
There's a thoughtful approach to the default values, I like to consider the big market participants with my day trades, swings trades and beyond.
By default I've chosen the daily timeframe and a period of 20, one for each trading day of the calendar month.
It's no large leap to consider alternatives, what about 1W timeframe and a period of 4 (1 month) or 52 (1 year)?
The possibilities are nearly infinite, comment on any particular favorite combos.
An Italian Special Bonus!!!
...sorry, it's not pizza....
First, did you know the famous Italian Fibonacci's real name was actually Leonardo? I'm not sure how I feel about that. Fun fact, my ancestors are Italian.
Alright, you may have guessed that the special bonus is the mythical Fibonacci inspired "Golden Pocket", maybe it's a foreshadowing of your pockets - one can only hope.
Use this feature to show the commonly referenced Fibonacci levels within each major ATR range. I've seen some totally mathematical epic-ness with these hence the addition.
Once key ATR levels have been hit look for reversals back to golden pockets (you tricksy hobbits) for potential entry back towards the prior hit ATR level.
The %b turns gold if you have the feature enabled and of course the overlay displays them also, how fun!
Final thoughts
I hope you have as much fun using this indicator as I do, it has brought much joy to my trading experience. If you don't have fun with it, well I hope you had fun reading about it at least.
100% human crafted and darn proud of it
- SyntaxGeek
Dynamic Volume Clusters with Retest Signals (Zeiierman)█ Overview
The Dynamic Volume Clusters with Retest Signals indicator is designed to detect key Volume Clusters and provide Retest Signals. This tool is specifically engineered for traders looking to capitalize on volume-based trends, reversals, and key price retest points.
The indicator seamlessly combines volume analysis, dynamic cluster calculations, and retest signal logic to present a comprehensive trading framework. It adapts to market conditions, identifying clusters of volume activity and signaling when the price retests critical zones.
█ How It Works
⚪ Volume Cluster Detection
The indicator dynamically calculates volume clusters by analyzing the highest and lowest price points within a specified lookback period.
Cluster Logic:
Bright Lines (Strong Red/Green):
These indicate that the price has frequently revisited these levels, creating a dense cluster.
Such areas serve as support or resistance, where significant historical trading has occurred, often acting as barriers to price movement.
Traders should consider these levels as potential reversal zones or consolidation points.
Faded or Darker Lines:
These lines indicate areas where the price has less historical activity, suggesting weaker clustering.
These zones have less market memory and are more likely to break, supporting trend continuation and rapid price movement.
⚪ Candle Color Logic (Market Memory)
Blue Candles (High Cluster Density):
Candles turn blue when the price has revisited a particular area many times.
This signals a highly clustered zone, likely to act as a barrier, creating consolidation or range phases.
These areas indicate strong market memory, potentially rejecting price attempts to break through.
Green or Red Candles (Low Cluster Density):
Once the price breaks out of these dense clusters, the candles turn green (bullish) or red (bearish).
This suggests the price has moved into a less clustered territory, where the path forward is clearer and trends are likely to extend without immediate resistance.
⚪ Retest Signal Logic
The indicator identifies critical retest points where the price crosses a cluster boundary and then reverses. These points are essential for traders looking to catch continuation or reversal setups.
⚪ Dynamic Price Clustering
The indicator dynamically adapts the clustering logic based on price movement and volume shifts.
Uses a dynamic moving average (VPMA) to maintain adaptive cluster levels.
Integrates a Kalman Filter for smoothing, reducing noise, and improving trend clarity.
Automatically updates as new data is received, keeping the clusters relevant in real-time.
█ How to Use
⚪ Trend Following & Reversal Detection
Use Retest signals to identify potential trend continuation or reversal points.
⚪ Trading Volume Clusters and Market Memory
Identify Key Zones:
Focus on bright, saturated cluster lines (strong red or green) as they indicate high market memory, where price has spent significant time in the past.
These zones are likely to exhibit a more choppy market. Apply range or mean reversion strategies.
Spot Potential Breakouts:
Faded or darker cluster lines indicate areas of low market memory, where the price has moved quickly and spent less time.
Use these areas to identify possible trend setups, as they represent lower resistance to price movement.
⚪ Interpreting Candle Colors for Market Phases
Blue Candles (High Cluster Density):
When candles turn blue, it signals that the price has revisited this area multiple times, creating a dense cluster.
These zones often trap price movement, leading to consolidations or range phases.
Use these areas as caution zones, where price can slow down or reverse.
Green or Red Candles (Low Cluster Density):
Once the price breaks out of these clustered zones, the candles turn green (bullish) or red (bearish), indicating lower market memory.
This signals a trend initiation with less immediate resistance, ideal for momentum and breakout trades.
Use these signals to identify emerging trends and ride the momentum.
█ Settings
Range Lookback Period: Sets the number of bars for calculating the range.
Zone Width (% of Range): Determines how wide the volume clusters are relative to the calculated range.
Volume Line Colors: Customize the appearance of bullish and bearish lines.
Retest Signals: Toggle the appearance of Triangle Up/Down retest markers.
Minimum Bars for Retest: Define the minimum number of bars required before a retest is valid.
Maximum Bars for Retest: Set the maximum number of bars within which a retest can occur.
Price Cluster Period: Adjusts the sensitivity of the dynamic clustering logic.
Cluster Confirmation: Controls how tightly the clusters respond to price action.
Price Cluster Start/Peak: Sets the minimum and maximum touches required to fully form a cluster.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
PumpC Opening Range Breakout (ORB) 5min Range📄 PumpC ORB 5-Minute Opening Range Breakout Indicator
✨ Overview
The PumpC ORB 5-Minute Opening Range Breakout indicator captures early session price action by tracking the high, low, and open of a defined 5-minute window at market open (customized for Futures or Stocks).
It plots breakout levels, extension targets, average range calculations, volume tracking, and provides visual and table-based data summaries.
This indicator is designed for traders seeking a complete, clean visualization of Opening Range Breakouts (ORB) with flexible customization.
⚙️ Main Features
Opening Range Box (ORB Box) Draws a box around the high and low of the first 5-minute session (8:30–8:35 ET for Futures, 9:30–9:35 ET for Stocks). Box extends from the session open to the session close (4:00 PM ET). Option to enable/disable historical boxes. Box color and opacity are customizable. Core ORB Levels Open Level: Plots the open price of the 5-minute ORB window. ORB Levels: Plots breakout levels at multiples: +0.5x the range +1.5x the range (customizable factor) Each level has independent color settings and visibility toggles. Option to show or hide historic extension levels. Table Display Compact table in the top-right corner showing: ORB ATR (average range) ORB ATR in ticks Today's ORB range ORB Volume ATR (average volume during ORB) Today's ORB Volume Volume is formatted automatically into "K" (thousands) or "M" (millions) for readability. Background Highlights After the ORB window closes: Blue highlight if today's ORB range is greater than the 10-day ATR average. Orange highlight if today's ORB range is smaller than the 10-day ATR average. Helps quickly assess relative strength or weakness compared to historical behavior. Alerts Breakout Confirmations: Fires when price closes above ORB High or below ORB Low. Fallout Traps: Alerts when price wick crosses ORB High/Low but closes back inside the range. Alerts use clean titles and simple messages for easy identification.
🔧 Inputs and Customization
Mode Toggle: Choose between Futures (8:30 ET open) or Stocks (9:30 ET open). Show/Hide Labels: Control label visibility for ORB and extension levels. Line Width Control: Customize thickness for ORB lines and extension levels. ORB Level Level Visibility: Independently enable or disable each extension line. Table Appearance: Customize table background color, font color, and padding. ORB Box Settings: Customize box color and control whether historical boxes are drawn.
📚 How to Use
Select Mode: Choose Futures or Stocks depending on your instrument. Observe the Opening Range: Focus on the ORB High and ORB Low during the first 5 minutes after the open. Monitor Breakouts: Breakout alerts will fire when price closes outside the ORB range, signaling potential continuation. Watch for Fallout Traps: Fallout alerts signal when price briefly wicks above/below but closes back inside the ORB range. Use Table Metrics: Instantly compare today's ORB range and volume versus historical averages to assess session strength or weakness.
🛡️ Notes
Best used on the 1-minute or 5-minute chart for intraday trading. Ensure your TradingView chart time zone is set to New York for correct functioning. Alerts must be manually configured after adding the indicator to your chart.
