Range Trends Enhanced (eleven11)This indicator automatically draws your Range Trend lines based upon your timeframe. When you select a timeframe, in the options, those lines will be locked in, whenever you switch timeframes on the chart. This allows you to "lock in" a timeframe's trendlines and then view it on different timeframes. But if you want to view the current trendlines for a timeframe then you need to select that "lockdown" timeframe in the settings. The original code was created by eleven11
Wyszukaj w skryptach "range"
Range Channel by Atilla YurtsevenThis script creates a dynamic channel around a user-selected moving average (MA). It calculates the relative difference between price and the MA, then finds the average of the positive differences and the negative differences separately. Using these averages, it plots upper and lower bands around the MA as well as a histogram-like oscillator to show when price moves above or below the average thresholds.
How It Works
Moving Average Selection
The indicator allows you to choose among multiple MA types (SMA, EMA, WMA, Linear Regression, etc.). Depending on your preference, it calculates the chosen MA for the selected lookback period.
Relative Difference Calculation
It then computes the percentage difference between the source (typically the closing price) and the MA. (diff = (src / ma - 1) * 100)
Positive & Negative Averages
- Positive differences are averaged and represent how far the price typically moves above the MA.
- Negative differences are similarly averaged for when price moves below the MA.
Range Channel & Oscillator
- The channel is plotted around the MA using the average positive and negative differences (Upper Edge and Lower Edge).
- The “Untrended” histogram plots the difference (diff). Green bars occur when price is above the MA on average, and red bars when below. Two additional lines mark the upper and lower average thresholds on this histogram.
How to Use
Identify Overbought/Oversold Zones: The upper edge can serve as a dynamic overbought level, while the lower edge can suggest potential oversold conditions. When the histogram approaches or crosses these levels, it may signal price extremes relative to its average movement.
Trend Confirmation: Compare price action relative to the channel. If price and the histogram consistently remain above the MA and upper threshold, it could indicate a stronger bullish trend. If they remain below, it might signal a prolonged bearish trend.
Entry/Exit Timings:
- Entry: Traders can look for moments when price breaks back inside the channel from an extreme, anticipating a mean reversion.
- Exit: Watching how price interacts with these dynamic edges can help define stop-loss or take-profit points.
Because these thresholds adapt over time based on actual price behavior, they can be more responsive than fixed-percentage bands. However, like all indicators, it’s most effective when used in conjunction with other technical and fundamental tools.
Disclaimer
This script is provided for educational and informational purposes only. It does not guarantee any specific outcome or profit. Use it at your own discretion and risk.
Trade smart, stay safe.
Atilla Yurtseven
Range of body 30min avggives the average range of the past 30bars and indicates when a candle's body is greater than 150% the average.
Range of a source displayed in thirdsThis indicator will take the value of any external source input and display how it has changed over time (the lookback period in settings). For the purposes of display here I'm using the WT1 line from Wavetrend with Crosses by LazyBear to provide a source input.
The highest and lowest value of the source over the lookback period are used to determine the highest and lowest point - the green and red lines at the top and bottom of the bands. This region is then mathematically split into three, such that the source (and its optional moving average line) can be defined as being in the top third, the middle or the bottom third.
Applications for this could be in risk management where you may wish to take on a larger position size when a certain indicator is in the top third, or decide that you want to enter / leave positions when the source crosses in / out of the extreme points.
Range Identifier*Re-upload as previous attempt was removed.
An attempt to create a half decent identifier of when the markets are ranging and in a state of choppiness and mean reversion - as opposed to in trending trade conditions.
It's super simple logic just working on some basic price action and market structure operating on higher time frames.
It uses the Donchian Channels but with hlc3 data as opposed to high/lows - and identifies periods in which the baseline is static, or when the channel upper & lower are contracting.
This combination identifies non trending price action with decreasing volatility, which tends to indicate a lot of upcoming chop and ranging/sideways action; especially when intraday trading and applied on the daily timeframe.
The filter increasing results in a decrease of areas identified as choppy by extending the required period of a sideways static basis, I've found values of 2 or 3 to be a nice sweetspot!
Overall should be pretty intuitive to use, when the background changes just consider altering your trading and investing approach. This was created as I've not really seen anything on here that functions quite the same.
I decided to not include the Donchian upper/lower/basis as I found that can often lead to decision bias and being influenced by where these lines are situated causing you to guess on future direction.
It's obviously never going to be perfect, but a nice and unbiased way to quickly check where we may be in a cycle; let me know if there are any issues/questions and please enjoy!
Range SlicerThis is a tool I quickly put together to work along side of my round number and Quarter Theory Scripts. This script allows you to set a price range between to values and slice them up into equal price zones. Happy Trading!
Range MarkerThis indicator is built for chart traders.
When using price and action to trade, you need to keep the chart scale the same.
So this indicator will help you to mark the range you choose.
Let you keep precise when reading the chart.
Enjoy it!
Range Fib (Nephew_Sam_)This indicator plots Fibonacci values based on a time range
Example: Asian session
If session time is 1700 - 0200, the indicator will find the high and low of that session then plot its fib extension lines and background outside of hours provided.
Currently supports 4 keys levels that can be changed under settings.
If you don't want the lines to display and only the background colors, you can uncheck the lines under the indicator settings -> styles.
Range Breakouts - AshraffThis computes the Range Breakout strategy based on the last five days of stock data.
Range Action Verification IndexThe Range Action Verification Index or RAVI as it is commonly known is a trend detection indicator.
When RAVI is greater than 1% for longs and -1% for shorts (FX setting), the currency is in a trend.
The standard MA settings are 7 and 65 days for use on the daily chart, which are the cycles of 7 days and 3 months.
For trading the hourly charts the moving averages should be set to 24 and 120 with a threshold of 3%.
RAVI also keeps you out of a trend less market, so if the RAVI does not break above or below the set threshold,
the market is trend less.
Range Action Verification IndexChoose the levels for bullish and bearish trends. Options range from .1% to .3%/-.1% to -.3%, depending on the market. The color of the histogram will help to quickly identify the RAVI trend direction.
Green = Trend is bullish
Red = Trend is bearish
Gray = Trend is ranging
If histogram changes from to gray, the most recent trend has ended. If histogram changes back to the previous color, trend is considered to have resumed. If histogram changes from gray to color that is opposite of previous color, trend is considered to have revered.
Range Spikes No NoiseSimilar to Sigma Spikes No Noise, but using range moves vs ATR20, either prior close to high or low and close to high or low.
Filtering out for noise by the treshold value
Range DetectorThis script highlights range-bound price movement. You'll need to tune the length and sensitivity depending on the time scale, and perhaps the market. Default settings work fairly well for ETH and BTC on the 1hr scale.
range forecast Calculate the price range , support and resistence for the current day. At the market open this algo will calculate the next price level with no repaint.
Active Ranges Detector
1. Purpose
The script identifies and manages bar ranges, which are defined as bars where the high and low prices are fully contained within the high and low of the previous bar. These ranges are used by traders to identify potential breakouts and price consolidations.
2. Key Features
Active Range Validation
A potential range becomes an active range when the price breaks out of the bar’s high or low. The breakout direction is tracked:
• Upward breakout: When the price closes above the high of the range.
• Downward breakout: When the price closes below the low of the range.
The script creates:
• Lines to represent the high and low of the range.
• A colored background box to indicate the range, with color coded for breakout direction:
• Green: Upward breakout.
• Orange: Downward breakout.
Range Updates
• Exit Detection: The script detects if the price exits the range (moves outside the high or low levels).
• Reintegration and Mitigation:
• If the price re-enters an exited range, it marks the range as “mitigated.”
• The lines for mitigated ranges are updated (color and width are changed).
• The background box is removed for mitigated ranges.
3. User Inputs
The script provides customization options:
• Breakout Colors:
• upBreakoutColor: Background color for upward breakout ranges (default: semi-transparent green).
• downBreakoutColor: Background color for downward breakout ranges (default: semi-transparent orange).
• Mitigated Range Styling:
• mitigatedLineColor: Line color for mitigated ranges (default: red).
• mitigatedLineWidth: Width of the line for mitigated ranges.
• Line and Background Settings:
• activeLineWidth: Width of lines for active ranges.
• lineExtension: Length of line extensions beyond the range’s initial boundaries.
• Range Display Limits:
• maxActiveRanges: Maximum number of active ranges to display on the chart (default: up to 200).
4. Visualization
The script provides clear visual feedback for identified ranges:
• Lines: High and low levels of the range are drawn as lines on the chart.
• Background Boxes: Colored boxes are drawn to represent active ranges, with breakout direction indicated by the box’s color.
• Mitigation Styling: Mitigated ranges have updated line styles and no background.
5. Range Management
The script actively manages ranges:
• Tracks the status of each range (active, exited, reintegrated, mitigated).
• Limits the number of displayed ranges to improve chart readability and comply with TradingView’s object limits.
6. Use Case
This script is ideal for traders who:
• Use inside bars to identify areas of consolidation and breakout opportunities.
• Want to track active and mitigated ranges automatically.
• Need a clear, visual representation of ranges and breakout directions.
7. Limitations
• Inside bars are identified based only on the current and previous bar, so the script might not detect more complex consolidation patterns.
• The maximum number of ranges displayed is limited to the user-defined value (maxActiveRanges), with a hard limit of 200 due to TradingView’s object restrictions.
Session Opening Bar RangeSession Opening Bar Range (OBR) - Advanced Opening Range Indicator with Statistical Analysis
Overview
The Session First Bar Range (FBR) indicator is a comprehensive tool that captures and projects key levels based on the first bar of a user-defined trading session. Unlike traditional daily opening range indicators, this script allows traders to focus on specific session windows (New York RTH, London, Asia, etc.) and analyze price behavior relative to the initial momentum established in that session's opening bar.
What makes this indicator unique is its combination of three distinct projection methodologies: statistical analysis based on historical range data, Fibonacci extensions, and fixed-point rotation levels commonly used by institutional traders. To our knowledge, this is the only opening range indicator that incorporates statistical standard deviation levels calculated from historical first bar ranges, making it both a technical and probabilistic tool.
Core Concept
The opening range concept is based on the principle that the initial price action of a trading session often sets the tone for the remainder of that session.
Professional traders have long observed that:
The first bar's high and low act as key reference points
Price often respects or breaks these levels with significance
Expansion beyond the opening range tends to occur in measurable increments
This indicator takes these observations and enhances them with:
Historical probability analysis - "Based on the last 60 sessions, price typically extends X standard deviations beyond the opening range"
Proportional projections - Fibonacci-based extensions showing where measured moves typically target
Fixed-point rotations - Institutional rotation levels (e.g., 65 points for NQ, 15 points for ES)
How It Works
Session Detection & First Bar Capture
The indicator uses Pine Script's time() function with timezone support to precisely detect when a trading session begins. When the first bar of the selected timeframe occurs within the session window, the script captures:
High (H): The high of the first bar
Low (L): The low of the first bar
Mid (M): The midpoint (hl2) of the first bar
Critical Detail: These levels are fixed from the first bar only - they do not update as the session progresses. This differs from many "opening range" indicators that use a time period (e.g., first 30 minutes). Here, you select the bar timeframe (default 5-minute), and only that single first bar's range is captured.
Statistical Level Calculation
The indicator maintains a rolling array of the last N session's first bar ranges (default: 60 sessions). For each new session, it calculates:
Average Range: Mean of historical first bar ranges
Standard Deviation: Volatility of those ranges
Projection Levels: High/Low ± (Average Range + Std Dev × Multiplier)
This provides probability-based levels. For example, a +2σ level suggests: "Historically, price extending this far beyond the opening range is a 2-standard-deviation event (approximately 95th percentile)."
Fibonacci Extensions
Using the first bar range as the base unit (100%), the indicator projects Fibonacci levels:
100% extension: One full range above the high / below the low
1.618x extension: (Default) Golden ratio projection
2.618x, 3.618x extensions: Additional Fibonacci levels
Calculation: Range = H - L, then Target = H + (Range × Multiplier) for upside projections.
OR Rotation Levels
These are fixed-point increments from the first bar's high and low. Unlike percentage-based methods, rotations use absolute point values:
NQ traders often use 65-point increments
ES traders often use 15-point increments
Gold/bonds use different values
The indicator draws 5 levels above the high (R+1 through R+5) and 5 below the low (R-1 through R-5), each separated by your specified point increment.
Features:
Session Options
Pre-configured Sessions:
New York RTH (9:30am - 4:00pm)
New York Futures (8:00am - 5:00pm)
London (2:00am - 8:00am)
Asia (7:00pm - 2:00am)
Midnight to 5pm
ZB/Gold/Silver OR (8:20am - 4:00pm)
CL OR (9:00am - 4:00pm)
Custom Session: Define your own start/end times in HHMM format
Timezone Support: All sessions respect the selected timezone (default: America/New_York)
Customizable Timeframe
Select any timeframe for the first bar (1min, 5min, 15min, etc.)
Default: 5-minute bars
Important: This is the timeframe for the first bar capture, independent of your chart's timeframe
Display Options
Historical Ranges: Show/hide past session ranges (with configurable limit to manage performance)
Line Styles: Choose between Solid, Dashed, or Dotted for range lines and midline
Label Position: Left or Right side of range
Show Prices: Optionally display actual price values on labels
Custom Colors: Fully customizable colors for all components
Statistical Levels
Lookback Period: Number of historical sessions to analyze (default: 60)
Two Multiplier Levels: Default 1σ and 2σ, fully adjustable
Separate styling: Different line styles (dashed vs dotted) for each sigma level
Optional Labels: Show/hide sigma notation labels
Fibonacci Extensions
Four Extension Levels: 100%, 1.618x, 2.618x, 3.618x (all customizable)
Bidirectional: Projections both above and below the opening range
Optional Labels: Toggle percentage/multiplier labels
OR Rotation Levels
Configurable Increment: Set the point value for your instrument
Five Levels Each Direction: R±1 through R±5
Dynamic Labels: Show both rotation number and point value (e.g., "R+1 (65)")
Three Line Styles: Solid, Dashed, or Dotted
How to Use
Setup
Add the indicator to your chart
Select your trading session from the dropdown
Set the timeframe for first bar capture (typically 5-15 minutes)
Configure which projection methods you want to see (Statistical, Fibonacci, and/or Rotations)
For Day Traders
Scenario: Trading NQ during New York RTH
Session: Select "New York RTH (9:30am - 4:00pm)"
Timeframe: 5-minute (captures 9:30-9:35 bar)
Enable: OR Rotations with 65-point increments
Strategy:
Watch for acceptance/rejection at rotation levels
Use R+1/R-1 as initial profit targets
R+2/R-2 as extended targets
Statistical levels show when price is in "outlier" territory
and rotation levels
Performance Notes
The indicator limits objects to stay within TradingView's constraints (500 max)
If you enable all features, reduce "Maximum Historical Ranges" to prevent slowdown
Typical configuration: 10-20 historical ranges with all features enabled works well
Settings Guide
Session Settings
Session: Choose from pre-configured sessions or "Custom"
Custom Session Start/End: HHMM format (e.g., "0930" for 9:30am)
Timezone: Critical for accurate session detection
Opening Bar Format
Timeframe: The bar size for capturing the first bar's range
Show Midline: Toggle the mid-point line
Show Historical Ranges: Display previous sessions (recommended: leave ON)
Maximum Historical Ranges: Limit history to manage performance (1-500)
Range Style / MidLine Style: Solid, Dashed, or Dotted
Position: Label placement (Left or Right)
Show Prices: Include actual price values on labels
Statistical Levels
Lookback Periods: How many historical first bar ranges to analyze (default: 60)
Std Dev Multiplier 1/2: The sigma levels to project (default: 1.0 and 2.0)
All visual settings (colors, line width, label size)
Fibonacci Extensions
Show Fib Extensions: Enable/disable Fibonacci projections
Measured Move Extensions 1-4: The multipliers (default: 1.618, 2.618, 3.618, 4.618)
Visual customization options
OR Rotations
Rotation Increment: The point value for your instrument
NQ: 65 points
ES: 15 points
Adjust for other instruments based on their typical rotation behavior
Show Rotation Labels: Display level numbers and point values
Visual customization options
Use Cases
Gap Trading: When price gaps away from previous day's close, the first bar range shows the initial gap acceptance/rejection zone
Breakout Confirmation: Price breaking and holding above the first bar high with volume suggests trend day potential. Rotation levels provide measured targets.
Reversal Identification: Price reaching +2σ statistical level = rare event, potential exhaustion
Range Bound Days: Price oscillating between first bar high/low suggests range-bound session; trade reversals at extremes
Institutional Level Awareness: OR Rotations at 65 points (NQ) align with levels professional traders watch
Technical Notes
The indicator uses request.security() with lookahead=barmerge.lookahead_on to ensure the first bar levels are captured correctly
All drawing objects (lines, labels, fills) are managed in arrays with automatic cleanup to prevent memory issues
The statistical calculations use array.avg() and array.stdev() for accurate probability estimates
Rotation levels use individual line variables (like Fibonacci) rather than loops for reliability
Summary
This indicator is original in its combination of three distinct methodologies for projecting levels from a session's opening range:
Statistical Analysis - No other opening range indicator (to our knowledge) calculates standard deviation projections from historical first bar ranges
Time-Based Session Flexibility - Most OR indicators use only daily or fixed time periods; this allows any custom session window
Multiple Projection Methods - Traders can use statistical, Fibonacci, AND rotation levels together or separately
Custom Time Range HighlightThis indicator highlights specific time ranges on your TradingView chart with customizable background colors and labels, making it easier to identify key trading sessions and ICT (Inner Circle Trader) Killzones. It is designed for traders who want to mark important market hours, such as major sessions (Asia, New York, London) or high-volatility Killzones, with full control over activation, timing, colors, and transparency.
Features
Customizable Time Ranges: Define up to 9 different time ranges, including one custom range, three major market sessions (Asia, New York, London), and five ICT Killzones (Asia, NY Open, NY Close, London Open, London Close).
Individual Activation: Enable or disable each time range independently via checkboxes in the settings. By default, only the ICT Killzones are active.
Custom Colors and Transparency: Set unique background and label colors for each range, with adjustable transparency for both.
Labeled Time Ranges: Each active range is marked with a customizable label at the start of the period, displayed above the chart for easy identification.
Priority Handling: If multiple ranges overlap, the range with the higher number (e.g., Asia Killzone over Custom Range) determines the background color.
CET Time Zone: Time ranges are based on Central European Time (CET, Europe/Vienna). Adjust the hours and minutes to match your trading needs.
Settings
The indicator settings are organized into three groups for clarity:
Custom Range: A flexible range (default: 15:30–18:00 CET) for user-defined periods.
Session - Asia, NY, London: Major market sessions (Asia: 01:00–10:00, New York: 14:00–23:00, London: 09:00–18:00 CET).
ICT Killzones - Asia, NY, London: High-volatility periods (NY Open: 13:00–16:00, NY Close: 20:00–23:00, London Open: 08:00–11:00, London Close: 16:00–18:00, Asia: 02:00–05:00 CET).
For each range, you can:
Toggle activation (default: only ICT Killzones enabled).
Adjust start and end times (hours and minutes).
Customize the label text.
Choose background and label colors with transparency levels (0–100).
How to Use
Add the indicator to your chart.
Open the settings to enable/disable specific ranges, adjust their times, or customize colors and labels.
The chart will highlight active time ranges with the selected background colors and display labels at the start of each range.
Use it to focus on key trading periods, such as ICT Killzones for high-probability setups or major sessions for market analysis.
Notes
Ensure your time ranges align with your trading instrument’s session times.
Overlapping ranges prioritize higher-numbered ranges (e.g., Asia Killzone overrides London Session).
Ideal for day traders, scalpers, or ICT strategy followers who need clear visual cues for specific market hours.
Feedback
If you have suggestions for improvements or need help with customization, feel free to leave a comment or contact the author!
Flat Market Range Pro [CHE]Flat Market Range Pro Indicator
Introduction
Hey there! 👋
Welcome to our overview of the Flat Market Range Pro indicator. Whether you're new to trading or a seasoned pro, this tool is designed to help you spot those flat market conditions where prices are chilling within a certain range. By highlighting these consolidation zones and potential breakout points, it offers some pretty neat insights to boost your trading strategies. Let’s dive in and explore how this indicator can make your trading journey smoother and more informed!
How It Works
The Flat Market Range Pro indicator is all about understanding the ebb and flow of the market. Here's a simple breakdown:
Range Detection:
Range Period (range_period): This sets the number of bars (think of them as time slices) the indicator looks back to find the highest highs and lowest lows. It’s like setting the scope for your search.
Minimum Candles in Range (min_candles_in_range): Ensures that there are enough candles (price bars) within the range to make the detection meaningful. No point in highlighting a range if it’s too short, right?
Adaptive Moving Average (AMA):
Think of AMA as the indicator’s way of staying flexible. It smooths out the price data to better spot trends within those flat ranges. Don’t worry, it’s working behind the scenes and won’t clutter your chart.
Breakout Detection:
When the price decides to break free from its cozy range, the indicator flags it. It waits for confirmation to make sure it’s not just a fleeting move, adding a layer of reliability to your signals.
Visualization:
Flat Market Zones: These are shaded areas that highlight where the price has been consolidating.
Support and Resistance Lines: Automatically drawn lines that mark key price levels, helping you see where the price might bounce or break through.
Trade Signals: Arrows popping up to show potential buy or sell opportunities when breakouts occur.
Breaking It Down
1. Detecting the Range
The indicator scans through the past range_period bars to find the highest and lowest prices. This creates a dynamic range that adjusts as new data comes in. It’s like having a smart assistant keeping an eye on where the action is happening.
2. The Role of AMA
Even though you won’t see AMA on your chart, it plays a crucial role. It helps the indicator adapt to changing market conditions by smoothing out the data, making sure the breakout signals are spot-on and not just random noise.
3. Spotting Breakouts
A breakout happens when the price moves beyond the established range. The indicator marks these moments with clear arrows, so you know when it might be a good time to jump in or out of a trade. Plus, it waits for confirmation to ensure these signals are solid.
4. Visualizing Flat Markets
Shaded boxes highlight the areas where the price has been consolidating, making it easy to see when the market is flat. Support and resistance lines are drawn automatically, and you can even customize how they look to match your personal style.
Customize It Your Way
One of the best things about the Flat Market Range Pro indicator is how customizable it is. Here’s what you can tweak:
Range Settings:
Adjust the range_period to fit different timeframes.
Set the min_candles_in_range to ensure the ranges you see are meaningful.
Moving Average Settings:
Change the ma_length and ma_lookback to fine-tune how the AMA responds to price movements.
Visual Tweaks:
Pick your favorite colors and transparency levels for the shaded zones.
Choose whether to display support and resistance lines and extend them indefinitely if you like.
Toggle trade arrows and labels on or off based on what you find most helpful.
Organizing these settings into logical groups makes it super easy to customize the indicator just the way you like it.
Real-World Examples
1. Spotting Consolidation: Imagine you’re watching a stock that’s been moving sideways for a while. The indicator highlights this consolidation with shaded boxes and support/resistance lines, giving you a clear picture of where the price is hanging out.
2. Trading Breakouts: When the price finally decides to break free from the range, the indicator pops up buy or sell arrows. This helps you catch the move early, whether you’re looking to enter a new trade or exit an existing one.
3. Making Informed Decisions: With clear visual cues and reliable signals, you can make smarter trading decisions without getting overwhelmed by too much information.
Behind the Scenes: Technical Insights
For those curious about the nuts and bolts, here’s a peek into how the Flat Market Range Pro indicator is built:
Efficient Range Calculation:
Uses loops to scan through the specified range_period, ensuring accurate detection of high and low points.
Adaptive Logic with AMA:
Incorporates the Simple Moving Average (SMA) to create a threshold coefficient, making the indicator responsive to market changes.
Clear Visualization:
Utilizes box.new and label.new for intuitive visual representations of flat markets.
Employs plotshape and plot to display breakout signals clearly on your chart.
Optimized Performance:
Avoids plotting unnecessary elements like AMA, keeping your chart clean and focused on what matters.
Why You’ll Love It
The Flat Market Range Pro indicator brings a lot to the table:
Accurate Range Detection:
Pinpoints consolidation zones by analyzing historical highs and lows.
Flexible and Adaptive:
AMA ensures the indicator stays responsive to different market conditions.
User-Friendly Visuals:
Shaded zones, support/resistance lines, and clear trade signals make your chart easy to understand at a glance.
Highly Customizable:
Tailor the settings to match your trading style and preferences.
Reliable Signals:
Confirmation mechanisms help reduce false signals, giving you more confidence in your trades.
Wrapping It Up
The Flat Market Range Pro indicator is a fantastic tool for anyone looking to navigate flat or consolidating markets with ease. By combining precise range detection, adaptive logic, and clear visual cues, it helps you identify consolidation phases and seize breakout opportunities effectively. Its customizable features ensure that it fits seamlessly into your trading strategy, whether you’re just starting out or have years of experience under your belt.
For more details, a step-by-step guide on using the indicator, and access to the full Pine Script code, check out the accompanying documentation or reach out for support. Happy trading! 🌟
Questions and Further Information
Got questions or need a hand with the Flat Market Range Pro indicator? Feel free to reach out! Whether you’re curious about how it works or need tips on customizing it for your trading style, we’re here to help. Also, give the indicator a try on different charts to see how it performs in various market conditions. Let’s make your trading experience better together!
Best regards
Chervolino
This script was inspired by: Trend Regularity Adaptive Moving Average
and
Range Detection by HasanRifat
ZenAlgo - RangerThe core of the indicator is the daily range, anchored around the 1-minute timeframe VWAP (volume-weighted average price), with ±2 standard deviations defining the upper and lower bounds. This range dynamically forms throughout the day and then gets “locked” at 23:59 each day to establish historical reference values.
The indicator calculates this locked VWAP and standard deviation per day, which serves two primary purposes:
Drawing today's real-time evolving range , updated each minute.
Plotting previous daily ranges , based on historical locked VWAPs and standard deviations, providing visual reference boxes on the chart.
This design enables the trader to identify mean-reversion zones and persistent directional biases based on volume-weighted price consensus.
Multiple Standard Deviation Layers
Beyond the ±2.0 deviation bounds, optional lines are available at half-step increments (e.g., ±0.5, ±1.5, ..., ±4.5) and full-step levels beyond ±2.0 (±3.0, ±4.0, ±5.0). These provide a customizable grid to visualize price extremes, tail behavior, or potential breakout zones relative to volume-adjusted price equilibrium.
Users can enable only the levels they need, offering flexibility depending on their strategy (e.g., scalping versus swing trading).
Historical Range Retention
The script stores up to 70 previous daily VWAP + standard deviation values (adjustable). For each, it draws a full range box and standard deviation lines in the past. This historical context helps in understanding how current price interacts with prior days’ balance zones.
These boxes are always drawn from 00:00 to 23:59 UTC , ensuring consistent alignment across instruments and avoiding session-based discrepancies.
Monday Range Reference (Drawn on Tuesdays)
On Tuesdays, the indicator plots the previous Monday's VWAP-based range across the rest of the week. This serves as a persistent contextual anchor for traders watching weekly unfolding behavior. The range is defined identically (VWAP ±2σ) and drawn from Monday 00:00 through the following Monday.
This method assumes Monday often sets the tone or structure for the week, and tracking this level through time may highlight support/resistance confluence or range expansion scenarios.
Each Monday range is extended over 7 days and includes dashed lines at the 25%, 50%, and 75% marks within the range. These midrange markers help traders assess microstructure behaviors (e.g., reversion to median, failure to hold midpoint, etc.).
Daily Volume Delta via 4H Candles
The indicator also integrates daily buy/sell volume deltas , derived from 4-hour candles of the regular session (non-Heikin Ashi). The logic categorizes volume as:
Buy volume when candle closes above the previous close.
Sell volume when it closes below.
Even split when the candle closes flat.
These volumes accumulate each day to derive net delta (buy - sell). This delta is recorded for each day and can optionally be displayed. A similar process tracks the delta for each Monday range on an ongoing basis.
This information quantifies the market’s aggressive buying vs. selling , correlating with price positions inside or outside the VWAP ranges. A strong delta in one direction may justify a price sustaining above/below VWAP, or diverging from the previous range.
Interpretation and Best Usage Practices
VWAP±2σ Range : Considered a high-probability area for consolidation or reversal. Mean-reverting strategies can benefit from signals within this area.
VWAP±3.0 and beyond : Extreme deviations may signal exhaustion or breakout potential, but are less frequent.
Previous Range Overlap : Overlap of today’s price with past VWAP zones may indicate support/resistance zones.
Monday Range on Tuesday : Persistent levels where the week may repeatedly pivot. Best used on instruments that exhibit weekly cyclical behavior (e.g., indices, forex).
Delta Behavior : Sharp positive or negative delta combined with price outside VWAP bands may suggest initiative participation and potential trend continuation.
Added Value Over Free Alternatives
While many free VWAP tools exist, this script differs in several specific and factual ways:
Anchored 1-minute VWAP lock at a consistent daily timestamp (23:59 UTC), enabling historical analysis.
Historical storage of previous VWAP ranges , with adjustable memory depth and visual continuity.
Flexible standard deviation plotting , down to 0.5 increments, tailored to the user's strategy needs.
Dedicated Monday range analysis , not common in freely available scripts.
Volume delta tracking per day and per Monday range , offering a directional volume view unavailable in standard VWAP implementations.
Persistent and visual interpretation framework using extended boxes and dashed lines for easier contextual navigation.
Each of these additions increases the script’s utility for methodical traders relying on volume-weighted statistics, without requiring additional configuration or external calculations.
Limitations and Disclaimers
VWAP based on 1-minute resolution : The indicator uses minute-level data to calculate daily VWAP and standard deviation. This offers high fidelity on liquid instruments but may produce noisy or unreliable levels on illiquid assets or during periods of low volume. For example, microcap stocks or thinly traded altcoins might not yield stable VWAP centers.
Inferred buy/sell volume : Volume delta is estimated using price movement from one candle to the next (close-to-close logic), rather than actual trade-level aggressor data (which is not accessible via TradingView). This approximation may misclassify volume in choppy or low-volatility environments, especially in assets where price changes do not correlate well with order flow (e.g., crypto during low-volume weekends).
Non-continuous markets and price gaps : For assets that do not trade continuously (e.g., stocks, futures), the VWAP calculation starts fresh every day at 00:00 UTC, regardless of the instrument’s official session start. As a result:
Pre-market/post-market trades may be included in VWAP when analyzing equities, even though they are often excluded in professional VWAP tools.
Opening gaps in equities and futures may distort early VWAP values due to lack of volume context, especially if the previous day's session was already closed when new data begins accumulating.
Weekend gaps in crypto, although less frequent due to 24/7 trading, can still influence delta accumulation if abrupt moves happen during low liquidity periods.
Daily session alignment : The VWAP anchoring and box drawing uses 00:00 UTC to 23:59 UTC windows. For instruments with different official session timings (e.g., US equities, CME futures), this may cause mismatches between expected session VWAPs and the ones shown in this script.
Conclusion
The ZenAlgo – Ranger script offers a systematic visualization of volume-adjusted price behavior, combining statistical VWAP ranges with volume delta overlays. By integrating daily and weekly reference zones, this tool supports structured decision-making in various market environments, particularly for traders prioritizing mean reversion, range expansion, or trend confirmation.
HTF RangeThis Pine Script indicator, HTF Range , is a tool designed to help traders visualize predefined ranges (highs and lows) and analyze price action within those levels. It's particularly useful for identifying key levels and trends for a set of pre-configured assets, such as cryptocurrencies, stocks, and forex pairs.
Key Features:
1. Predefined Symbol Ranges:
Stores a list of assets (tickers) with corresponding high, low, and trend information in an array.
Automatically matches the current symbol on the chart (syminfo.ticker) to fetch and display relevant range data:
High Range: The upper price level.
Low Range: The lower price level.
Trend: Indicates whether the trend is "up" or "down."
Example tickers: BTCUSDT, ETHUSDT, GBPUSD, NVDA, and more.
2. Range Visualizations:
Extremeties: Draws dashed horizontal lines for the high and low levels.
Half-Level: Marks the midpoint of the range with a dashed yellow line.
Upper and Lower Quarters: Highlights upper and lower portions of the range using shaded boxes with customizable extensions:
3. Configurable Inputs:
Enable/Disable Levels: Toggles for extremeties, half-levels, and quarter-levels.
Table Info: Option to display a table summarizing the range data (symbol, high, low, and trend).
4. Dynamic Calculations:
Automatically calculates the difference between the high and low (diff) for precise range subdivisions.
Dynamically adjusts visuals based on the trend (up or down) for better relevance to the market condition.
5. Table Display:
Provides a detailed summary of the asset's range and trend in the top-right corner of the chart:
Symbol ticker.
High and low levels.
Overall trend direction.
Use Case:
This indicator is ideal for traders who:
Trade multiple assets and want a quick overview of key price ranges.
Analyze price movements relative to predefined support and resistance zones.
Use range-based strategies for trend following, breakout trading, or reversals.
RSI ATR Range [SS]Hey everyone,
Over the course of the last year I had a bunch of requests to do something with RSI. I did do an RSI expected move plotter, but the requests were to overhaul RSI and make it better I guess.
So here is my attempt!
This is the RSI ATR plotter. Its similar to my RSI expected move plotter, however, it gives you the ATR ranges associated with the current RSI value. This allows you to conceptualize RSI in a different way. Instead of looking for "oversold" over "overbought", you can actually just see the expected high to open range and the expected open to low range based on the current RSI.
This will allow you to determine such things as:
a) Is it likely to be bullish?
b) Is it likely to be bearish?
c) The average move, in a dollar amount, associated with this RSI.
In addition to presenting RSI in terms of ranges as opposed to the actual RSI value, the indicator will also signal likely reversal areas. Whenever there is a huge spike in RSI and range, whether it be up or down, this generally corresponds to an imminent reversal. The indicator is programmed to recognize this and plot little grey circles to notify you of an impending reversal.
Let's take a look at some reversal examples using NVDA:
In the chart above, we can see that the RSI signaled a reversal. As it was part of a downtrend, the reversal was bullish.
Let's look at a top reversal:
The chart above shows a likely downside reversal.
And some little bounce reversals here and there:
In addition to showing you the ATR range and reversals, the indicator will show you the RSI in a bar graph format:
You won't be able to look for RSI divergences, if you are a believer of those. However, you can definitely visualize them in the ATR ranges which are directly affected by the RSI readings.
Aspects of the indicator:
Bull ranges are displayed in green.
Bear ranges are displayed in red.
When green is present we know its entering or currently in a bullish RSI range:
Inversely, when it starts to shift red, we know we are entering a bearish RSI range:
There is a border that circles the range. It will be green when we are in a bullish range and red when we are in a bearish range. In addition to these 2 signals, the RSI bar chart itself will turn green in bullish ranges, and red in bearish ranges.
Here is bullish:
Here is bearish:
Customizability
You can customize the Source input for the RSI (default is close). As well as the length (default is 14).
The ATR length is defaulted to 500. My suggestion is to leave this be. You can increase it but I would not suggest decreasing it as it may omit some of the RSI ranges from its history.
And that is the indicator my friends! Hope you enjoy!
As always, safe trades!
Fractal Consolidations [Pro+]Introduction:
Fractal Consolidations Pro+ pushes the boundaries of Algorithmic Price Delivery Analysis. Tailored for traders seeking precision and efficiency to unlock hidden insights, this tool empowers you to dissect market Consolidations on your terms, live, in all asset classes.
What is a Fractal Consolidation?
Consolidations occur when price is trading in a range. Normally, Consolidation scripts use a static number of "lookback candles", checking whether price is continuously trading inside the highest and lowest price points of said Time window.
After years spent studying price action and numerous programming attempts, this tool succeeds in veering away from the lookback candle approach. This Consolidation script harnesses the delivery mechanisms and Time principles of the Interbank Price Delivery Algorithm (IPDA) to define Fractal Consolidations – solely based on a Timeframe Input used for context.
Description:
This concept was engineered around price delivery principles taught by the Inner Circle Trader (ICT). As per ICT, it's integral for an Analyst to understand the four phases of price delivery: Consolidation , Expansion , Retracement , and Reversal .
According to ICT, any market movement originates from a Consolidation, followed by an Expansion .
When Consolidation ranges begin to break and resting liquidity is available, cleaner Expansions will take place. This tool's value is to visually aid Analysts and save Time in finding Consolidations in live market conditions, to take advantage of Expansion moves.
CME_MINI:ES1! 15-Minute Consolidation setting up an Expansion move, on the 10 Minute Chart:
Fractal Consolidations Pro+ doesn't only assist in confirming Higher Timeframe trend continuations and exposing opportunities on Lower Timeframes. It's also designed for both advanced traders and new traders to save Time and energy in navigating choppy or rangebound environments.
CME_MINI:ES1! 30 Minute Consolidation forming Live, on the 5 Minute Chart:
By analyzing past price action, traders will find algorithmic signatures when Consolidations are taking place, therefore providing a clearer view of where and when price is likely to contract, continue consolidating, breakout, retrace, or reverse. A prominent signature to consider when using this script is ICT's Market Maker Buy/Sell Models. These signatures revolve around the engineering of Consolidations to manipulate price in a specific direction, to then reverse at the appropriate Time. Each stage of the Market Maker Model can be identified and taken advantage of using Fractal Consolidations.
CME_MINI:NQ1! shift of the Delivery Curve from a Sell Program to a Buy Program, Market Maker Buy Model
Key Features:
Tailored Timeframes: choose the Timeframe that suits your model. Whether you're a short-term enthusiast eyeing 1 Hour Consolidations or a long-term trend follower analyzing 4 Hour Consolidations, this tool gives you the freedom to choose.
FOREXCOM:EURUSD Fractal Consolidations on a 15 Minute Chart:
Auto-Timeframe Convenience: for those who prefer a more dynamic and adaptive approach, our Auto Timeframe feature effortlessly adjusts to the most relevant Timeframe, ensuring you stay on top of market consolidations without manually adjusting settings.
Consolidation Types: define consolidations as contractions of price based on either its wick range or its body range.
COMEX:GC1! 4 Hour Consolidation differences between Wick-based and Body-based on a 1 Hour Chart:
Filtering Methods: combine previous overlapping Consolidations, merging them into one uniform Consolidation. This feature is subject to repainting only while a larger Consolidation is forming , as smaller Consolidations are confirmed. However once established, the larger Consolidation will not repaint .
FOREXCOM:GBPUSD 15 Minute Consolidation Differences between Filter Consolidations ON and OFF:
IPDA Data Range Filtering: this feature gives the Analyst control for selective visibility of Consolidations in the IPDA Data Range Lookback . The Analyst can choose between 20, 40, and 60 days as per ICT teachings, or manually adjust through Override.
INDEX:BTCUSD IPDA40 Data Range vs. IPDA20 Data Range:
Extreme Float: this feature provides reference points when the price is outside the highest or lowest liquidity levels in the chosen IPDA Data Range Lookback. These Open Float Extremes offer critical insights when the market extends beyond the Lookback Consolidation Liquidity Levels . This feature helps identify liquidity extremes of interest that IPDA will consider, which is crucial for traders in understanding market movements beyond the IPDA Data Ranges.
INDEX:ETHUSD Extreme Float vs. Non-Extreme Float Liquidity:
IPDA Override: the Analyst can manually override the default settings of the IPDA Data Range Lookback, enabling more flexible and customized analysis of market data. This is particularly useful for focusing on recent price actions in Lower Timeframes (like viewing the last 3 days on a 1-minute timeframe) or for incorporating a broader data range in Higher Timeframes (like using 365 days to analyze Weekly Consolidations on a daily timeframe).
Liquidity Insight: gain a deeper understanding of market liquidity through customizable High Resistance Liquidity Run (HRLR) and Low Resistance Liquidity Run (LRLR) Consolidation colors. This feature helps distinguishing between HRLR (high resistance, delayed price movement) and LRLR (low resistance, smooth price movement) Consolidations, aiding in quick assessment of market liquidity types.
TVC:DXY Low Resistance vs. High Resistance Consolidation Liquidity Behaviour and Narrative:
Liquidity Raid Type: decide whether to categorize a Consolidation liquidity raid by a wick or body trading through a level.
CBOT:ZB1! Wick vs. Body Liquidity Raid Type:
Customizable User Interface: tailor the visual representation to align with your preferences. Personalize your trading experience by adjusting the colors of consolidation liquidity (highs and lows) and equilibrium, as well as line styles.
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