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Levels

Percent Levels From Previous CloseThis indicator plots on the chart +/- 1% / 2% / 3% ranges based on the previous day's close levels. Disclaimer : Success in trading is all about following your trading strategy and indicators should fit into your own strategy, and not be traded purely on. This script is for informational and educational purposes only. Use of the script does not constitute professional and / or financial advice. You are solely responsible for evaluating the outcome of the script and the risks associated with using the script. In exchange for the use of the script, you agree not to hold monpotejulien TradingView user responsible for any possible claims for damages arising out of any decisions you make based on the use of the script.
Pine Script® Indikator
von Julien_Eche
19
Litt Institutional LevelsThe Litt Institutional Levels Indicator plots previous time periods Highs, Lows, and Closes. Institutions track these levels and will use them as support and resistance to enter and exit their positions. Not every algorithm is a machine-learning wizard. Institutions still use these relatively simple levels to conduct their trades. The best way to use The Litt Institutional Levels Indicator is to find overlapping levels. These areas or lines are called confluence levels and will act as a stronger level than a single line. For the labeling. 1. Y stands for Yesterday 2. L stands for Last. 3. H stands for High 4. Low stands for Low 5. C stand for Close For example, LMC would equal Last Months Close. LQH, would equal Last Quarters High. YL, would equal Yesterdays Low.")
Pine Script® Indikator
von Steadylit
VTrend - Volume ScriptThe Volume script is designed to help you trade the market more efficiently, giving you a lot of information to intrepret, based on volume calculations. The fundamental part of the script, is the volume weighted bands in blue and red, which help determine the trend and dynamic support and resistance. The blue band is a shorter length than the red band. When the blue band dips below the red band, this tells us there is a downtrend. And when the blue band is trending above the red band, this is bullish uptrend price action. You will be able to note price whatever the timeframe really respects these bands, and you can use that to your advantage flicking through the high timeframes on where price will go next, combined with your own support and resistance levels. The other most important aspects are the bar colors and the colored bollinger band line. Whenever price action is above the blue band the bars are green, when closing within the blue band, they are orange to show possible resistance or support. Below the blue band the bars are red for downtrend price action. When the bars are bouncing off the daily open, a key level for you to play off everyday and makes it easier to gauge what price is doing, the bars are colored purple to highlight this. The bollinger band line serves to act as a trendline, to help identify where price is going combined with the information above in the short term, and allows you to pick entry points more finely. There are also two bollinger band clouds in the background, which are areas to look at reversal or support for. You can turn these off if you wish, as not to clog up the chart. Next feature up, are the reversal signals, which also double as areas to take profit. The default are the diamond reversal plots. Enabled by default also are the custom leledc exhaustion plots, the major signals are enabled by default, whilst the minor signals are not turned on and are very noisy by comparison, especially at low timeframes. You'll notice in the screenshot below, there is a black MA, that is an adjustable Hull Moving Average included for determining shorter term trend movements combined with the bollinger band colored line, depending on your trading style. The image below shows when both major and minor leledc signals are turned on. Also we have circular colored plots showing different reversal calculations, you can use them as a guide and take profit areas. These are based on candle type, and i consider them noisy especially at low time frames. The indicator is designed to give you key information, but be quite customisable as well to suit your exact trading style. Recommended timeframes i use this on; Weekly (for key liquidity areas), Trading on the Daily, 6h, 4h, 2h, 1h, and 25 minutes.
Pine Script® Indikator
von vtrend-script
4
4C Daily Levels Suite + Premarket High/LowThis '4C Daily Levels Suite + Premarket High/Low' indicator is a clean way to automatically plot important daily levels including: Prior Day High Prior Day Low Prior Day Close 50% level between Prior High/Low Today's Open Today's Premarket Low+High This Daily Levels indicator is unique in its ability to: -Plot all of the daily level PLUS premarket high/low levels (extended hours must be turned ON) -Can hide past days levels, only plotting levels on the current day, to keep chart cleaner -Can extend line levels right or fullscreen -Plots the level price at each level on the chart -Can show/hide price levels labels -Can add supplemental premarket levels plot to show levels being formed during the premarket time period -Coded with line.new vs plot so dashed lines are available as a style -Automatically hides the indicator if the timeframe selected is Daily or greater SEE SCREENSHOT EXAMPLES BELOW Default mode, with extended hours showing: With supplemental premarket plot showing: Default mode without extended hours showing: Showing past day’s levels Extend lines to fullscreen Some parts of this code were adapted from 'pd Levels' by CryptoCurl
Pine Script® Indikator
von FourC
58
Session LevelsThis indicator plots important session (intraday) levels for the day. It plots high and low of previous day, week, month, 52 week and all time. Also plots the vix range which shows the daily expected trading range of the instrument. These levels acts as important support/resistance for the day. For example, if price closes above previous day, week, or month high/low it indicates bullish sentiment and vice versa for bearish. Vix Range plots top, center, bottom line for expected trading range for the day. It is calculated based on the volatility index selected (NSE:India VIX is used by default).
Pine Script® Indikator
von ajithcpas
19
Dinapoli LevelsThis indicator displays Fibonacci levels in a clearer way. That helps to identify Confluence and Agreement zones. Once the indicator is added to a chart, you must select the A-B focus points: In an Up Swing, the A-point would be the Low Pivot and the B-point would be the High Pivot. In a Down Swing, the A-point would be the High Pivot and the B-point would be the Low Pivot. Due to Tradingview limitations, the indicator needs to be deleted and re-added to the chart every time you need to draw new levels. The indicator can be added as many times as D-Levels you indend to display. Here are its main features: Select which levels to display for each instance of the indicator (F3, F4, F5). Customize the color for each level. Display the price tag. Customize the distance to the right at which the levels are displayed. Customize the width of the levels. Customize the thickness of the lines.
Pine Script® Indikator
von gliderfund
10
Fibonacci LevelsENGLISH FiboLevels uses standard deviation (a measure of market volatility). For me, more successful parameters were EMA, 500 days, showing levels 50 and 100. The standard RSI 14 indicator helps to determine the levels, you can use its values to navigate the levels if the price approaches any line, and the RSI is in the overbought or oversold zone, that is, there is a high probability that the price may rebound from this level. If the script does not display levels, then you need to reduce the length parameter If the price has gone beyond the lines, then the number of levels can be increased in the Number of Lines Show parameter Russian В FiboLevels используется стандартное отклонение (величина измерения волатильности рынка). Для меня более удачными параметрами вышли EMA, 500 дней , показ уровней 50 и 100. Определять уровни помогает стандартный индикатор RSI 14, по его значениям можно ориентироваться в уровнях, если цена подходит к какой-либо линии, а RSI находится в зоне перекупленности или перепроданности, то есть большая вероятность что от этого уровня цена может оттолкнуться. Если скрипт не отображает уровней, то нужно уменьшить параметр длина Если цена вышла за пределы линий, то количество уровней можно увеличить в параметре Number of Lines Show
Pine Script® Indikator
von im237
4
Key Levels// How it Works \\ Calculating Previous Days, Weeks and Monthly open, high, low, close and vwaps Plots these levels on your chart // Settings \\ You can enable/disable any of the levels you want to see You can also change the amount of bars back the levels are plotted back to // Use Case \\ These levels are often used in different methods of Technical analysis for support and resistance. // Suggestions \\ Happy for anyone to make any suggestions on changes which could improve the script, // Terms \\ Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
Pine Script® Indikator
von TradingWolf
9
Saty ATR LevelsThis indicator uses the previous period close and +/- 1 ATR to display significant day, multiday, swing, and position trading levels including: - Trigger clouds for possibly going long/short @ 23.6 fib - Mid-range level at 61.8 fib - Full range level at +/- 1 ATR (from previous close) - Extension level at 161.8 fib Additionally, a convenient info table is provided that shows trend, range utilization, and numerical long/short values. This indicator is most beneficial when you combine it with price, volume, and trend analysis. For educational content please check out the indicator website at atrlevels.com. I am constantly improving this indicator, please use this one if you want to continue to get new features, bug fixes, and support.
Pine Script® Indikator
von satymahajan
118
Rainbow Oscillator The Rainbow Oscillator is a technical indicator that shows prices in overbought or oversold areas. That allows you to catch the price reversal point. --------------- FEATURES --------------- .:: Dynamic levels ::. The indicator levels are divided into several zones, which have a fibonacci ratio. Zones determine the overbought/oversold level. Blue and green level zones are better for buying, red and orange for selling. Dynamic levels are used as replacements for classic levels such as -100 and 100 for the CCI indicator or 30 and 70 for the RSI indicator. Dynamic levels work much better than static levels, as they are more adaptive to the current market situation. .:: Composite oscillator (3 in 1) ::. The main signal line of the indicator includes all three oscillators RSI, CCI, Stoch in different ratios. In the settings, you can change the proportions or completely remove one of the oscillators by setting its weight to 0 .:: CCI + RSI + Stoch ratio setting ::. Each of the oscillators has its own weight in the calculation formula: w2 * cci ( + w1 * ( rsi - 50) + (1 - w2 - w1) * ( stoch - 50), this allows you to create the resulting oscillator from all indicators, depending on the weight of each of them. Each weight value must be between 0 and 1 so that the sum of all weights does not exceed 1. .:: Smoothing levels and lines of the oscillator ::. Smoothing the oscillator readings allows you to filter out the noise and get more accurate data. Level offset allows you to customize the support for inputs. .:: Market Flat ::. Dynamic creation of levels allows you to find in the price reversal zone, even when the price is in a flat .:: Sources ::. You can change the data source for the indicator to the number of longs and shorts for the selected asset. For example, BTCUSDLONGS / BTCUSDSHORTS is perfect for Bitcoin, then the oscillator will work on this data and will not use the quote price. .:: Trend Detection ::. The main line of the oscillator has 2 colors - green and red. Red means downtrend, green means uptrend. Trend reversal points are most often found in overbought and oversold zones. .:: Alerts ::. Alerts inside for next events: Buy (blue point) Sell (red point) and TrendReversal (change line color) ---------------- TRADING —------------- There are several possible entry points for the indicator, let's consider them all. 1) Trend reversal. Long entry: The indicator line is in the green zone below 0 (oversold), while the line changes color from red (downward) to green (upward) Short entry: The indicator line is in the red zone above the 0 (overbought) mark, while the line changes color from green to red. 2) Red and blue dots. Long entry: Blue dot Short Entry: Red Dot I prefer to use the first trading method. ---------------- SETTINGS ---------------- .:: Trend Filter (checkbox) ::. Use trend confirmation for red/blue dots. When enabled, the blue dot requires an uptrend, red dot requires downtrend confirmation before appearing. .:: Use long/shorts (checkbox) ::. Change formula to use longs and shorts positions as data source (instead of quote price) .:: RSI weight / CCI weight / Stoch weight ::. Weight control coefficients for RSI and CCI indicators, respectively. When you set RSI Weight = 0, equalize the combo of CCI and Stoch , when RSI Weight is zero and CCI Weight is equal to the oscillator value will be plotted only from Stoch . Intermediate values ​​have a high degree of measurement of each of the three oscillators in percentage terms from 0 to 100. The calculation uses the formula: w2 * cci ( + w1 * ( rsi - 50) + (1 - w2 - w1) * ( stoch - 50), where w1 is RSI Weight and w2 is CCI Weight, Stoch weight is calculated on the fly as (1 - w2 - w1), so the sum of w1 + w2 should not exceed 1, in this case Stoch will work as opposed to CCI and RSI . .:: Oscillograph fast and slow periods ::. The fast period is the period for the moving average used to smooth CCI, RSI and Stoch. The slow period is the same. The fast period must always be less than the slow period. .:: Oscillograph samples period::. The period of smoothing the total values of indicators - creates a fast and slow main lines of the oscillator. .:: Oscillograph samples count::. How many times smoothing applied to source data. .:: Oscillator samples type ::. Smoothing line type e.g. EMA, SMA, RMA … .:: Level period ::. Periodically moving averages used to form the levels (zone) of the Rainbow Oscillator indicator .:: Level offset ::. Additional setting for shifting levels from zero points. Can be useful for absorbing levels and filtering input signals. The default is 0. .:: Level redundant ::. It characterizes the severity of the state at each iteration of the level of the disease. If set to 1 - the levels will not decrease when the oscillator values ​​fall. If it has a value of 0.99 - the levels are reduced by 0.01 each has an oscillator in 1% of cases and is pressed to 0 by more aggressive ones. .:: Level smooth samples ::. setting allows you to set the number of strokes per level. Measuring the number of averages with the definition of the type of moving averages .:: Level MA Type ::. Type of moving average, average for the formation of a smoothing overbought and oversold zone
Pine Script® Indikator
von businessduck
7
Pivot Trend LevelsYou can use this indicator to detect the levels and trend. I used the highest of the two last highest pivots and the lowest of the two last lowest pivots to calculate "max" and "min" or high level or low level. I also calculate the average of the 4 values to reach the average line which could be a trend detector in higher lengths. Default length is 3 but using 10 or 20 as length is really good as trending detector. I need help to upgrade a trend detector system. please read the script for more information. Thank you so much.
Pine Script® Indikator
von AliSignals
2
Multi-Timeframe ATR Levels█ OVERVIEW This indicator plots the upside and downside ATR levels popularized by Trader Dante. █ CONCEPTS Beyond a level's boundary, a market is trading over its average volatility​. The indicator adds confirmation to "reversal" setups located at likely mean reversion. Oppositely, it highlights trades with an increased risk where the price is over-extended and when the market is possibly exhausted. Inside the levels’ boundaries, a market is trading within its average range​. The indicator adds confluence to your target selection. Indeed, a target set at or nearby a level is at reasonable reach for the selected period. In addition, it can improve your stop placement. Tucking your stop-loss outside the boundary of a level adds an extra assurance that your stop is beyond reach. █ FEATURES Multi-Timeframe By default, the indicator sets the timeframe​ to the daily for tracking how much price moves compared to its average volatility​ during a day​. To the same extent, you can set it to any other timeframe. For example, you can use the weekly or the monthly timeframe​​​ for adjusting your trading during the week or when approaching the end of the month. Configurable ATR • Pick your preferred smoothing between the Simple Moving Average​ (SMA​) or the Relative Moving Average (RMA). The SMA​ is used in the original MT4 indicator, and the RMA is the default in TradingView. • Set the length for getting the average price movement. For example, you can set it to 20 for the daily ATR (20 trading days in a month), 12 for the weekly ATR (3 months), or 6 for the monthly ATR. Also, you may set a shorter length when you want to emphasize the recent price volatility​. • Apply a custom multiplier on the ATR when you want to focus on a particular price movement. • Select the reference between “previous” or “current” ATR value (default set on previous). Customizable Labels • Personalize what info to show in the labels located on the right side of the levels. You can compose the data for showing the price, the ATR, both the price and the ATR or none. • On hovering a label, a smart tooltip displays the complementary data. The less info a label displays, the more its tooltip shows. • Choose how to display the values. In addition to the labels, the indicator can display the last values on the price scale, the status line, and the data window. Enhanced Coloring At a glance, see which level the price is approaching with the "Cold & Warm" coloring or quickly glimpse when the price has reached or exceeded the ATR with the "Overflow" coloring. Others • Automatically hides levels when the chart’s timeframe is higher than the indicator’s one. • Alerts setting. █ NOTES Calculation Upper band = low* + ATR Lower band = high* - ATR *The previous close is used when a gap up/down occurs. This is a PREMIUM indicator. I also have a free version of the Daily ATR Levels .
Pine Script® Indikator
von sbtnc
10
Cyatophilum Auto Key LevelsThis indicator will automatically plot key horizontal levels. The script will create a grid from highest to lowest price, dividing this price range into several steps. It will then loop through each bar and save its cummulative price/volume into each steps. The steps with the most significant prices/volume are finally plotted into key levels. ═════════════════════════════════════════════════════════════════════════ Settings  • Precision: The number of steps. Increase if you want more precise levels or decrease for bigger areas.  • Lookback: The number of bars from the past used to calculate the levels.  • Strength: The amount of lines to show.  • Use Volume: For volume weighted key levels.
Pine Script® Indikator
von cyatophilum
1
TRADING MADE SIMPLEThis indicator shows market structure. The standard method of using Williams Highs and Lows as pivots, is something of an approximation. What's original here is that we follow rules to confirm Local Highs and Local Lows, and strictly enforce that a Low can only follow a confirmed High and vice-versa. -- Highs and Lows To confirm a candle as a Local High, you need a later candle to Close below its Low. To confirm a Local Low, you need a Close above its High. A Low can only follow a High (after it's been confirmed). You can't go e.g High, High, Low, Low, only High, Low, High, Low. When price makes Higher Highs and Higher Lows, market structure is said to be bullish. When price makes Lower Lows and Lower Highs, it's bearish. I've defined the in-between Highs and Lows as "Ranging", meaning, neutral. They could be trend continuation or reversal. -- Bullish/Bearish Breaks A Bullish break in market structure is when the Close of the current candle goes higher than the previous confirmed Local High. A Bearish Break is when the Close of the current candle goes lower than the most recent confirmed Local Low. I chose to use Close rather than High to reduce edge case weirdness. The breaking candle often ends up being a big one, thus the close of that candle can be a poor entry. You can get live warnings by setting the alert to Options: Only Once, because during a candle, the current price is taken as the Close. Breaks are like early warnings of a change in market bias, because you're not waiting for a High or Low to be formed and confirmed. Buy The Dip / Sell The Rally Buy The Dip is a label I gave to the first Higher Low in a bullish market structure. Sell The Rally is the first Lower High in a bearish market structure. These *might* be good buying/selling opportunities, but you still need to do your own analysis to confirm that. == USAGE == The point of knowing market structure is so you don't make bullish bets in a bearish market and vice versa - or if you do at least you're aware that that's what you're doing, and hopefully have some overwhelmingly good reason to do so. These are not signals to be traded on their own. You still need a trade thesis. Use with support & resistance and your other favourite indicators. Works on any market on any timeframe. Be aware that market structure will be different on different timeframes. IMPORTANT: If you're not seeing what you expect, check your settings and re-read this entire description carefully. Confirming Highs and Lows can get deceptively complex.
Pine Script® Indikator
von cashofbne
11
[DisDev] Level by LevelThis indicator's main objective is to provide you with the ability to chose the levels you are interested in , with the added functions of: Level-by-Level Chart Reducer – This allows you to choose how many levels are above and below the current closing price to display. Level-by-Level Table – This allows you to display all the levels within a table onto the chart. The basis of this indicator is to provide you with a toolbox of levels that you can add to your trading plans. Psychological Levels A weekly range established each Saturday evening that can be thought of as a weekly "IB" or initial balance. Average Daily Range ("ADR") & Average Weekly Range ("AWR") In Forex, the International Monetary Fund ("IMF") controls the allowable weekly swings of a currency's price. The "AWR" and "ADR" perform calculations and dynamically adjust until the range is exceeded, at which time the levels will lock into place for the remainder of the day or week. The accepted theory is that price (even in Stocks and Crypto) will adhere to and remain within these levels, and, if exceeded, will revert back to them. Initial Balance ("IB") In Crypto trading, it is generally accepted that the High and Low of the first hour of each day (00:00 - 01:00 UTC) is the Initial Balance . The IB generally thought of as a zone that sets the tone for the rest of the trading session. It is often a time of high volume and volatility, with Stop Hunts at the highs and lows of a range before price moves in one direction or the other. The IB is a Market Profile concept introduced by Peter Steidlmayer. There is plenty of information on the Internet to learn more about IB's and how to implement them -- please do your own research. Daily Open Since Crypto is traded 24 hours per day, the generally accepted open is 00:00 UTC, the Tokyo open. Please refer to Part 1 for more details on sessions, starting times, conversions, and Daylight Savings Time. Volume Weighted Average Price (VWAP's) VWAPs are important areas on a chart. Institutional traders generally do not want to move price too far as they enter large buy or sell orders. So they wait for price to reach a tight zone around the VWAP where the majority of transactions occur on the Daily, Weekly, or Monthly timeframes. In these areas, there will be plenty of supply and demand for the institutional trader to execute their trades. Weekly Open The weekly open is Monday at 00:00 UTC. Pivot Points (Support & Resistance) This indicator calculates pivot levels based on a tested formula that calculates past and subsequent bars or candles. It displays the two closest to price pivot levels. The pivot formula takes a window of left bars and right bars, and then finds the highest or lowest value in that window. The window marches across the bar-set to discover the pivots. We coded the script to label the levels and colors dynamically, either Support (Green) or Resistance (Red), depending on whether they are above or below price. The primary level line stays with the same color scheme: Blue = Daily / Yellow = Weekly / Violet = Monthly As price crosses the level: 1 - The label will switch from Support to Resistance and Resistance to Support 2 - The extender line will switch from Green to Red and Red to Green 3 - The same changes will take place in the Level-by-Level Coordinates Table A Note on Levels and Data Understanding How Data is Calculated and Presented Calculating levels requires going back in time through a symbol or asset’s historical data. Time is measured by bars (candles), so depending on the chart's resolution (timeframe or TF) you are viewing, a different number of bars would be required to measure the same level. For example, if we want to mark the Daily High and Low on the daily TF, we would be measuring 1 bar or candle. If we drop down to the 1-hour TF, we would need to measure 24 bars. For the 15-Minute TF it would be 96 bars (1hr/15min=4 bars per/hour and 4 x 24 = 96), and on the 1-Min TF, it requires 1,440 bars (1hr=60 Min and 6 x 24 = 1,440). Hopefully, you get the idea and can see that the number of bars required increases exponentially as we move to weekly, monthly, and yearly levels. TradingView Data Please note this statement from TradingView's website: "The length of historical data for any intraday interval (i.e. chart timeframe) is 5,000 bars/candles (for Pro and Pro+ account holders it is doubled to 10,000 bars/candles and for Premium holders it's quadrupled to 20,000) + additionally several bars/candles back to the beginning of the week, month or year (depending on the resolution). Unfortunately, this limit cannot be extended for now due to technical reasons. At lower resolutions (<30Min) Yearly and Monthly VWAPs may not show, but to overcome this issue the “Plot Save” function has been added to the settings to allow the user to manually input these levels. This concept is the same for Daily, Weekly, and Monthly pivots. If you change the chart interval to daily or daily-based, you will see a longer date range. We display all available data for daily-based intervals." How we Handled Data Limitations The Plot Level Feature in the Level by Level Indicator We have written this script to always show levels at the lowest time frame allowable by TradingView. If you do not see specific Support or Resistance levels, switch to a higher time frame, enter the corresponding values in the provided fields on the input panel, and check the Plot box. This will hard code the level in and will print on any TF. Additionally, we coded it so that when the Plot feature is enacted, the calculated level will be disabled so that there are no overlaps of two levels being printed. Legend The logic behind the line styles: Solid = Static or established Dashed = Static but previous week or day Dotted = Dynamic or still developing -- will turn solid once the values are locked in *VWAPs would technically be a dotted line since they are fluid, however, TV does not handle the dots or dashes of a curved line well so we chose to keep this solid Level-by-Level Table We designed this table to provide the user with a view of the levels in the correct price sequence on the chart at all times since, depending on the resolution and zoom levels, it would typically not be possible. The levels are equidistant and do not align with the actual price. The current price will move vertically through the table according to the actual price and its relative position to the other various levels. The levels will change price and line styles dynamically as well. The current price rectangle and the border can be in sync with High Volume Candle colors to draw more attention to the chart during climatic volume events. Settings & Options - Levels & Labels Levels will show a faint line through price to the point of origin. Labels will show a brighter line extended to the right of price. The values (10, 20, 30) are the length of the extensions; they are staggered to avoid overlaps. Settings & Options - Level Reducer The Level Reducer gives you the ability to declutter your chart, but still have the indicator track all the selected levels. With four Lines selected, for example, the indicator will give you the nearest four lines above price and the nearest four below price. The Table runs independently of the chart, so if you want to see eight levels as an example, the Table will show eight above and eight below price. As the current price changes, the lines will dynamically change accordingly.
Pine Script® Indikator
von DisDev
7
Jigga - Survival LevelHi All !! Its always the case that we buy a stock and it starts falling !! What a new investor will do is to add few more on downfall and then few more until they stuck all their case to same falling stock. I thought to create a level which can help long term investor on when to buy and sell. Logic: I have used multiple indicators logic all into one and find out when majority of them are showing positive sign. Green /Red line will be shown when majority are in positive / negative territory. Buy and sell signal will be generated based on this line only. Note: Use this on Weekly chart on good fundamental stock for long term investment.
Pine Script® Strategie
von jigneshjc
3
Session Levels - Ultimate Range IndicatorSession Levels - Ultimate Range Indicator Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group, but also more than suitable for Crypto or other instruments. This indicator highlights the chosen session, which can be Globex, Asian, London and New York. It plots the important levels and also renders the Opening Range as it forms (a.k.a. Initial Balance). After the 1st hour Opening Range is finished, it can plot the Standard Deviations / Projections. See below for a complete feature list. All Opening Ranges on chart and for the New York session the Range Projections are turned on: s3.tradingview.com How to use (example): If you are trading the Nasdaq Futures (NQ!) Enable the Globex Overnight session. Basically in the Futures Market, the Globex session is everything outside of US trading hours of Stocks. This draws the important overnight levels, like the Low, 25%, 50%, 75% and the High. Enable the New York Session with Levels and Opening Range. Generally, 70% of the time the 1st hour will put a Low or High of the day. If the price is trading above the Globex Low, most likely the Low of the Day is formed and the price target for the day will be 1.5x Standard Deviation and 2x Standard Deviation. [*} Deviation of the Initial Balance depends on the volume ad overall market structure. ** This is not financial advice or any guarantee ** Features: Show each Session Highlighted on Intraday chart in it's own color (each session can be turned off and has customizable times and color) Show Line Levels of each session: Low, 25%, 50%, 75% and the High (customizable color) Show the Opening Range (Initial Balance) of the Asian, London and New York session. Note: NY has more options. Opening Range is displayed as a box with level lines (customizable color) Levels are drawn to the end of the NY Cash session (customizable time) Show IB Standard Deviations 0.5 - 3.0. Calculated from the Opening Range (Initial Balance) Option to display Higher Timeframe levels: Previous Day Open/Close and Previous Week Open/Close All level lines and OR boxes size dynamically as the session progresses Built in Alerts for when price hits key levels. e.g. Alert when price crosses the NY Opening Range High. Or an Alert when the first STDEV is hit. Option to toggle display of drawings for Today's trading session only, or Show all recent session levels. This keeps the chart clean or not. Extras: The NY Opening Range also has a 50% level line The NY Opening Bar can be highlighted separately The Level Lines can have small labels turned on/off. Values are only shown on mouse over to keep a clean chart Keep in mind: 1) This indicator works on all instruments, but on instruments with limited market hours, your chart setting has to be set to "Extended Hours" otherwise. For example TSLA on NASDAQ. 2) The Exchange Time Zone for the CME Group is Chicago UTC-6. So the session times you configure in the settings menu are based on that timezone too. 3) Globex opens at 5pm CST and closes when the US session starts 8:30CST. 4) When enabling the Alerts in the Indicator settings, be sure to also create an alarm for this indicator using the Alarm function of Tradingview.
Pine Script® Indikator
von ArdOfCrypto
14