Forex session - Opening Range- Jayy fixed updatedOpening Range (OR) for Forex 24 hour regular session. This is not for regular market day sessions addressed in a separate script.
This script fixes four issues:
syntax error when code compiles
messed up opening range the day after a holiday Monday
flaky plotting of the opening range and targets that required page reloading
TradingView problems with starting forex session at 1700 hours EST/EDT when using certain securities eg FX_IDC currently (Jan 2017)
Additions in his code are more options for trading range
Time compensation option for some securities that incorrectly start sessions at 1200 hrs instead of 1700 hrs NY time
- this glitch is likely temporary but present when this script update was created
More opening range time period choices
Opening Range Targets:
Opening Range Targets as per Leaf_West
Targets are set at 127% , 162%, 200 %, 262 %, 362%, 423%, 685%, 1109% and 1794% and this can be traded intraday using methods described here charts-by-leaf.com I also have some Leaf West PDFs that describe how the targets are set and how they are traded. There are others that use opening range.
The Time Session Glitch and the Fix:
The script will correctly default to 1700 hrs to 1700hrs EDT/EST session for FXCM.
Strangely some securities appear to erroneously start their session at 1200 hrs ie. My guess is that they are somehow tied to GMT+0 instead of New York time (GMT+5). See this for yourself by selecting EURUSD using the FXCM exchange (FX:EURUSD) and then EURUSD from the IDC exchange (FX_IDC:EURUSD). The FX-IDC session opening range starts 5 hours
before it actually should at 1700 hrs EDT/EST. To correct for this I have implemented an automatic fix (default) and a user selected "5 hour time shift adjust. ment needed on some securities".
There is also a 4 hour time shift button which might be necessary when New York reverts from Eastern Standard Time
to Eastern Daylight Time (1 hour difference) in March (and then back again in November). In the default auto adjust mode you will need to select the 1 hour time shift. That is if this glitch still exists at that time.
I have looked at other scripts, other than my own and where the script is available, that need to use information about the opening bar and all have the same time shift issue
What are the choices for Opening Range?
The dialogue box offers the standard TradingView options.
Also where you see Pick Opening Range 1 to 12 hours , SET TO 0 To USE LINE ABOVE TO DETERMINE OR LENGTH
As the note says a number other than 0 will override the standard options from the line above
The dialogue box below in offers choices by hours 1 to 12. A number greater than 12 will still only give
720 minutes (12 hours) for the length of Opening Range.
What sessions within the FOREX time-frame are available?
The default is 1700 hours to 1700 hours EST/EDT
Check any one (only one) of the time periods to change the opening range period to suit.
New York opens at 8:00 am to 5:00 pm EST (EDT)
Tokyo opens at 7:00 pm to 4:00 am EST (EDT)
Sydney opens at 5:00 pm to 2:00 am EST (EDT)
London opens at 3:00 am to 12:00 noon EST (EDT)
There is a build your own session (click the button to select)
The two lines for inputting session times are almost identical except that the second line starts the be the same as each other.
The default for the build your own session is 2200 hours to 2200 hours. As of the time of publishing this plots EURUSD FX-IDC just right. The GMT+5 and GMT+4 do not apply to this selection.
See my comments above on this strange aberration.
The script originated from work done by Chris Moody. It has changed significantly but there are remnants of that script lurking within.
Script is free to all - that way you can see what is inside
Cheers Jayy
In den Scripts nach "range" suchen
Market Meanness Index-Price ChangesThis is the Market Mean index. It is used to identify if the market is really trending or if it is range bound(random). In theory, a random sample will be mean reverting 75% of the time. This indicator checks to see what how much the market is mean reverting and converts it to a percentage. If the index is around 75 or higher than the price curve of the market is range bound and there is no trend from a statistical standpoint. If the index is below 75 this means the price curve of the market is in fact trending in a direction as the market is not reverting as much as it should if it were truly following a random/range bound price curve.
Pivot Range Pivot BossMy first attempt to code something. It's Mark Fischer concept of Pivot Range from his book Logical Trader.
The strategy for using it is actually from Frank Ochoa's book Secrets of a Pivot Boss. Pivot Range is the "meat of the matket" and "the heart beat of the market" according to him.
Besides using the actual pivots the strategy is based on the relationships between 2 day pivot ranges.
Higher Value - Bulish
Overlapping Higher - Moderate Bulish
Lower Value- Bearish
Overlapping Lower - Moderate Bearish
Unchanged - Sideways/Breakout
Outside - Sideways
Inside - Breakout
New Indicator!!! Opening Range_V1Plots the Opening Range for the First Hour for Stocks and Forex. Option to Plot the first 30 Minutes Opening Range, or Both. See first Post for Specifics.
Session Ranges Pro+Session Range Zones – Professional Edition
OVERVIEW
Professional visualization of the classic opening-range / Initial Balance concept across Asian, London, and Regular (US) sessions.
Displays the high/low of the user-defined opening window as thick, hierarchical filled zones with optional Fibonacci and standard-deviation extensions plus full alerting.
CONCEPT BACKGROUND
Using the high and low of the first 30–60 minutes of a session as key support/resistance is public-domain knowledge that has been standard in institutional trading for decades (Initial Balance, Opening Range, Session Range, etc.).
On TradingView the same principle was popularized under the name “Defining / DealingRange / DR/IDR” by TheMas7er and others.
IMPLEMENTATION & VALUE ADDED
This indicator follows the established, public-domain range-calculation methodology but has been completely rewritten with the following original enhancements:
• Clean, filled High / Mid / Low zones for instant visual hierarchy
• Intuitive Asian / London / Regular session labelling and fully custom timing
• Comprehensive dynamic & static Fibonacci and 50%/100% standard-deviation extensions
• Alert conditions on every zone, midline, opening level, and extension line
• Modern, modular code architecture using arrays and custom drawing functions
• No repainting, lightweight performance on any intraday timeframe
HOW TO USE
Apply to 1–15 min charts. Select desired sessions and formation period (30 or 60 min typical).
Shaded zones serve as primary support/resistance; extensions provide measured-move targets.
CREDIT & TRANSPARENCY
Core methodology: public domain (Initial Balance / Opening Range / Session Range).
Early TradingView popularization of the DR/IDR naming and feature set: TheMas7er **(with thanks to community contributors like bmsitiaan and trading-guide for refinements)**.
**Utilizes PineCoders' VisibleChart library for optimized chart rendering.**
This script uses the same foundational principle and logical input options but is an independent implementation. All visual presentation, zone system, multi-session handling, extension systems, alerting framework, and underlying code structure are original.
DISCLAIMER
For educational and informational purposes only. Not financial advice. Past performance is no guarantee of future results. Test thoroughly on your instruments and timeframes.
Donchian Channels + Avg Width % DashboardMeasures the average percentage width between the Donchian Channel’s upper and lower bands over a chosen period.
It quantifies how much the market has been moving relative to price — a direct gauge of realized volatility.
When the average width is small, price is range-bound and unlikely to reach fixed TP targets; when it expands, volatility is sufficient for trend or breakout trades.
Based on how fast your strategy is, set your TP% below the average percentage of the Band Width.
Elite Entries Range Setter Premium
Elite Entries Range Setter
**What it is**
Elite Entries Range Setter builds a simple but sturdy market map: a predictive range on a higher timeframe, mid-levels between those lines, and **filtered breakout signals** plus **auto-drawn support/resistance zones** (with optional retest tags). It’s designed for day traders who want structure without noise—and swing traders who like to anchor to a higher-timeframe heartbeat.
What it gives you
* **Predictive range grid** (R2 / R1 / AVG / S1 / S2) computed from your chosen TF with adaptive ATR logic.
* **MTF signal engine**: breakouts are detected on your selected *Signal TF* while ranges come from the range TF—clean separation of “map” vs “trigger.”
* **Mid-lines** between range levels for bounce/continuation context (visual only here).
* **Auto Zones**: when price crosses a key line (range or mid), a shaded support/resistance box is created. Zones extend until broken; they dim when invalidated.
* **Optional Retests**: label when price re-tests a fresh zone and rejects/holds (cooldowns included).
* **Stacked Filters**: RSI, Volume EMA, and MA direction—use one, some, or all to tighten signals.
* **Session awareness**: choose to limit signals/zone creation to New York hours.
* **Alerts**: one consolidated breakout alert + dedicated zone-retest alerts.
---
How to use (the 60-second setup)
1. **Pick your Range TF** (default 15m). This sets the “grid” (R2/R1/AVG/S1/S2).
2. **Choose your Signal TF** (can be same as chart or different). This is where breakouts are confirmed.
3. **Turn on filters** to taste:
* **RSI** for momentum extremes (OB/OS configurable)
* **Volume EMA** for participation (Above/Below)
* **MA direction** for trend alignment (EMA/SMA/HMA, configurable length)
4. **Zones**: leave enabled to auto-box supports/resistances when lines are crossed. Adjust size by **Ticks** or **ATR ×** for instrument sensitivity.
5. **Alerts**: add “**Grid Breakout (Filtered)**” for trade triggers, and “Zone Bullish/Bearish Retest” if you trade pullbacks.
---
Inputs that matter
* **Range Setter**
* *ATR Length / Factor*: controls how wide the predictive range breathes.
* *Timeframe*: TF used to compute the grid (e.g., 15m).
* *Candlestick Type*: Traditional or Heikin-Ashi source.
* **Filter Options**
* *RSI*: Period + OB/OS thresholds.
* *Volume EMA*: Period + Above/Below condition.
* *MA Filter*: EMA/SMA/HMA + length; must be above (long bias) or below (short bias).
* **Trading Grid**
* *Signal TF*: where breakouts are detected.
* *Use MTF Signals*: toggle to confirm on a different TF than your chart.
* *Session Filter (NY)*: gate signals to the cash session.
* **Zones**
* *Only Create During NY Session*: keep structures “day-true.”
* *Size Mode*: **Ticks** (precise) or **ATR ×** (adaptive).
* *Retests*: on/off, min bars between retests, label size, colors.
* *Avoid Dupes at Same Level*: keeps the chart tidy.
---
Signals & Alerts
* **Breakout UP / DN**: confirmed cross of a mid or range line **and** all active filters pass.
* *Create alert:* **Grid Breakout (Filtered)**
* **Zone Retests**: optional labels/alerts when price wicks into a fresh zone and closes back out in the expected direction.
* *Create alerts:* **Zone Bullish Retest**, **Zone Bearish Retest**
*Pro tip:* Because the range grid comes from a (possibly) higher TF and signals can be confirmed on a different TF, you avoid most LTF chop while still reacting quickly.
---
Good habits (a trader’s creed)
* **Trust, but verify.** Filters help, not save. Read the tape: wicks, spreads, and time-of-day matter.
* **Let sessions speak.** NY hours tend to carry the volume; gating to session can reduce false pops.
* **Adjust zone size to the instrument.** Use ATR × on volatile tickers/futures; use Ticks for clean FX/Index contracts.
* **Mind the load.** If you enable many zones on very low TFs, consider trimming history or increasing tick size for performance.
---
Repainting & behavior notes
* Range levels are computed with `request.security(..., lookahead=off)` and only update as the higher-timeframe bar evolves/finishes.
* Breakout checks also use `lookahead=off`. Signals confirm on the **close** of the chosen *Signal TF*.
* Zone creation happens on **confirmed bars** to reduce flicker.
* No backtest or strategy orders—this is an **indicator** for discretionary or rule-based trading with external execution.
---
Who it’s for
Day traders who want **clear structure + filtered triggers**. Swing traders who anchor to a higher-TF grid but demand timely confirmation. Anyone tired of random “buy/sell” confetti and ready for a **map, a method, and a mute button** for the noise.
---
Final word
Markets are poetry and math—this tool sketches the meter so you can hear the rhyme. Keep risk first, keep faith in your process, and let disciplined edges do the talking. ✨
*Educational use only. Not financial advice. Trade responsibly.*
Candle Range Theory (CRT) +Candle Range Theory (CRT)+
Summary
Purpose: Projects a Higher Timeframe (HTF) candle’s range onto your current chart and adds a compact multi-timeframe confluence table to judge premium/discount, trend vs pullback, and alignment.
What it draws:
HTF Range: Active HTF High, Low, and the 50% Equilibrium (EQ) line. Range updates while the HTF bar is building and resets when a new HTF bar starts.
Confluence Table (optional): Up to 5 rows, each pairing a configurable HTF and LTF. Background tint shows premium/discount relative to that row’s HTF EQ. The row label reports directional state (bullish/bearish and pullback/continuation) using simple bar-close momentum checks and a configurable lookback.
How the Confluence Table works
Rows: Up to five independent HTF/LTF pairs (each row can be toggled on/off and configured).
Location: Price vs that row’s HTF EQ
Above EQ = Premium (maroon tint by default)
Below EQ = Discount (green tint by default)
Direction/State: A bar-close momentum read combined with HTF location to label:
Bullish continuation / Bearish continuation
Bullish pullback (upward momentum in discount) / Bearish pullback (downward momentum in premium)
Lookback control:
Uniform Lookback ON: HTF and LTF both use a 1-bar lookback (more responsive).
Uniform Lookback OFF: HTF uses a slightly longer lookback on higher frames for stability; LTF remains 1-bar for responsiveness.
Disclaimer:
This script is for educational and informational purposes only and does not constitute financial advice, investment advice, or trading recommendations. Trading involves substantial risk; you can lose some or all of your capital. Past performance or examples are not indicative of future results. The author provides no warranties regarding accuracy, completeness, or fitness for any purpose and disclaims liability for any losses arising from the use of this tool. Always use your own judgment, confirm on bar close, and consider multiple factors (e.g., volatility, liquidity, news) before taking any action. You are solely responsible for your trading decisions.
Nifty Trend vs Range (Final)This indicator is designed to help you quickly identify whether the Nifty market is trending, ranging, or preparing for a breakout by combining three volatility and trend-strength measures:
India VIX (Volatility Index)
ADX (Average Directional Index)
ATR (Average True Range)
It creates a Trend vs Range Decision Matrix that categorizes the market into actionable states such as Range – Quiet, Breakout Watch, Trend – Smooth, Trend – Confirmed, Trend – Volatile, or Choppy / Noisy.
🔑 How it Works
India VIX (Market Volatility)
Pulled directly from NSE:INDIAVIX (or your chosen symbol).
VIX thresholds are defined:
Below VIX Low → Calm market (often ranges).
Between VIX Low & High → Neutral/moderate volatility.
Above VIX High → High volatility (potential big moves or choppiness).
VIX can be scaled and plotted in the same pane with ADX/ATR, or shown separately with a companion script.
ADX (Trend Strength)
Custom calculation (Wilder’s smoothing, not built-in ta.adx), to ensure more consistent results.
Thresholds (auto-tuned by timeframe if enabled):
Low ADX → Weak/no trend, sideways.
High ADX → Strong directional trend.
ATR (Volatility Expansion)
ATR compared to a moving average of ATR detects whether volatility is rising or flat.
Used as confirmation for breakouts or fading moves.
🧠 Market State Logic
The script combines the three signals into an interpretable market state:
Range – Quiet → VIX low, ADX low, ATR flat
Trend – Smooth → VIX low, ADX high
Breakout Watch → VIX neutral, ADX low, ATR rising
Trend – Confirmed → VIX neutral, ADX high, ATR rising
Choppy / Noisy → VIX high, ADX low, ATR rising
Trend – Volatile → VIX high, ADX high, ATR rising
Neutral → fallback if conditions don’t match
Each state is color-coded with background shading and displayed as a persistent label with key metrics (VIX, ADX, ATR).
⚙️ Features
✅ Intraday Auto-Tuning
ADX/ATR thresholds automatically adjust depending on chart timeframe (5m, 15m, etc.).
✅ Scalable VIX Plotting
Option to overlay a scaled VIX line in the same pane or hide it if you use a separate VIX pane.
✅ Persistent State Label
Shows the current regime, timeframe, and key values. Updates every bar without stacking multiple labels.
✅ Alerts Ready
Alerts for each market regime can be set directly in TradingView.
✅ Background Coloring
Quick at-a-glance identification of current state.
🎯 How to Use
Ranging markets (low VIX, low ADX, flat ATR): Favor mean-reversion strategies like option selling, iron condors, or scalping.
Smooth trends (low VIX, high ADX): Favor directional trades with futures/options spreads.
Breakout Watch: Stay alert for possible trend initiation.
Confirmed trends (neutral VIX, high ADX, rising ATR): Ideal for momentum trading.
Volatile trends (high VIX, high ADX): Use caution, hedge positions, or trade with wider stops.
Choppy/Noisy (high VIX, low ADX): Avoid overtrading, expect false signals.
Premium Discount Range ProPremium Discount Range Pro
Short Description / Summary:
An advanced, all-in-one toolkit for traders who utilize Smart Money Concepts (SMC) and institutional price action analysis. The "Premium Discount Range Pro" automatically identifies the current higher timeframe (HTF) dealing range, visualizes the Premium, Discount, and Equilibrium zones, and provides a multi-timeframe dashboard to see where the current price stands across the market.
This indicator is built to streamline your analysis, helping you to quickly identify high-probability areas for entries by adhering to the core institutional principle: look for buys in a discount and sells in a premium.
Key Features:
Automatic HTF Range Detection: The indicator automatically detects the most recent significant swing high and swing low on your chosen Higher Timeframe (e.g., 4H, Daily) to define the current dealing range.
Premium & Discount Zone Visualization: Clear, color-coded boxes are drawn to represent the Premium (sell zone), Discount (buy zone), and the crucial Equilibrium (50%) level. These boxes extend into the future so you can anticipate future price action.
Customizable Fibonacci Levels: Plot key Fibonacci retracement levels within the defined range. You can customize which levels you want to see (e.g., 0.62, 0.79, etc.) to pinpoint specific points of interest.
Multi-Timeframe Confluence Table: A powerful, on-screen dashboard that shows you the status of the current price relative to the P&D zones on up to 5 different timeframes simultaneously. Instantly see if the price is in a Premium or Discount zone on the 15m, 1H, 4H, and Daily charts at a single glance.
Built-in Alerts: Never miss an opportunity. Set up alerts to be notified the moment the price enters the Premium or Discount zone on your chosen HTF, allowing you to prepare for potential trade setups.
Fully Customizable: Take full control over the indicator's appearance. Adjust pivot lookback periods, colors of the zones and Fibs, and select which timeframes appear in your dashboard to match your personal trading plan.
Disclaimer
This indicator is provided for educational and informational purposes only and should not be considered as financial or investment advice. Trading and investing in financial markets, including but not limited to stocks, forex, and cryptocurrencies, involves a substantial risk of loss and is not suitable for every investor.
Relative Strength Range RankRelative Strength Range Rank – Chart Asset vs. Benchmarks
Description:
This indicator calculates and ranks the relative strength position of the current chart’s asset against up to five user-defined comparison symbols. By default, the comparison set is USDT.D, USDC.D and DAI.D.
Calculation method:
The same oscillator calculation is applied identically to the current chart’s asset and all comparison symbols:
For each symbol:
Determine the lowest low over LOWEST bars.
Determine the highest high over HIGHEST bars.
Calculate normalized position within range:
raw_osc = (close - lowest_low) / (highest_high - lowest_low) * 100
Apply a 10-period EMA to smooth raw_osc.
Invert and scale to match assets direction:
raw_osc = 100 - EMA_10(raw_osc)
Apply weighted smoothing:
smoothed = 0.191 * previous_value + 0.809 * current_value
Apply a final 1-period EMA to reduce jitter.
Output is the inverted smoothed oscillator value, representing the relative strength rank.
This function is implemented as calculate_oscillator() and used for all input symbols plus the current chart symbol, ensuring consistency in comparative analysis.
Plotting:
Each comparison symbol oscillator is plotted in the indicator pane.
The current chart oscillator is always plotted in black.
Alert condition:
Boolean chart_osc_above_all is true when the current chart oscillator is strictly greater than all other comparison oscillator values.
The alert chart_osc_crossed_above triggers only on the first bar where chart_osc_above_all changes from false to true.
Smoothing advantage:
The smoothing sequence (EMA → weighted smoothing → EMA) is designed to reduce short-term noise while preserving responsiveness to changes in price position.
The initial EMA(10) filters random fluctuations.
The weighted smoothing step (0.191 * prev + 0.809 * current) reduces overshoot and dampens oscillations without introducing significant lag, unlike longer EMAs.
The final EMA(1) step ensures stability in the plotted oscillator without visible jaggedness.
This combination yields a signal that is both smooth and reactive, making relative strength comparisons more precise.
Inputs:
Sym 1–5: up to five comparison tickers.
Lowest low lookback period ( LOWEST ).
Highest high lookback period ( HIGHEST ).
Color for plotted comparison lines.
Output:
Oscillator values from 0 to 100, where higher values indicate that the asset’s current price is closer to the highest high of the lookback period, and lower values indicate proximity to the lowest low.
Sorted table showing all selected assets ranked by oscillator value.
Optional alert when the current chart asset leads all selected assets in oscillator value.
Short Description:
Computes range-normalized oscillator values for the chart asset and up to 5 symbols, using EMA and weighted smoothing to reduce noise while preserving responsiveness; optional alert when the chart asset exceeds all others.
Adjustable Percentage Range Moving Average - Add'l LinesThe Adjustable Percentage Range Moving Average (APRMA), originally developed by @ReallyWendy, is a versatile PineScript indicator designed for traders and market analysts to analyze market volatility and identify trends dynamically. Building on the original concept, this updated version plots a central moving average (MA) with four customizable percentage-based range bands around it. Users can select the MA type (SMA, EMA, HMA, RMA, SWMA, TMA, WMA, VWMA), timeframe, and length, tailoring the indicator to their trading style. Each range band (upper and lower) is calculated as a percentage offset from the MA, with adjustable colors and transparency settings for enhanced visual clarity. Extension lines project the latest values forward, with customizable styles (solid, dashed, dotted). The indicator includes toggleable display options for the MA and each range pair, making it an effective tool for identifying price ranges, support/resistance levels, and trend dynamics.
Credit to @ReallyWendy for the foundational concept.
Open Range Tool**Open Range Tool --- Session-Based Opening Range Indicator**
A lightweight utility that instantly plots the opening range for a selected session (Asia, London, or New York) on any timeframe, including an optional 0.5 σ mid-line to highlight the session's mean price.
### Key Features
1. **Multi-session support**
- Instantly draw Asia, London, or NY opening ranges on the chart.
2. **Intraday-only display**
- The range is plotted *only for the current trading day* and automatically cleared on the next session, keeping historical charts uncluttered.
3. **Flexible range anchors**
- Define the range by the first candle's **High/Low** *or* **Open/Close**.
4. **Delayed plotting**
- Start plotting after *N* candles to avoid gaps or early noise.
5. **Statistical mid-line & range projection**
- Built-in 50 % mid-line with adjustable projection length (bars).
6. **Full styling control**
- Customize colors, line style, and width for high, low, and mid-lines.
### How to Use
1. Add the indicator to your chart and open the **Inputs** tab.
2. Set **Opening-Range Timeframe** (e.g., 30 min) and choose any **Delay Bars** or **Projection Length** you need.
3. Tweak the line colors/widths to match your chart theme.
4. Combine with volume profile, VWAP, or moving averages for better context.
### Disclaimer
This script is provided **for educational and research purposes only** and does **not constitute financial advice**. Trading involves substantial risk; the author accepts no liability for any financial loss.
Time Based Range# Time Based Range
**A fully customizable session-based range indicator for intraday and daily trading analysis**
## Overview
The Time Based Range indicator identifies and visualizes key price levels from any user-defined time session. Whether you're trading the London open, New York session, or any custom timeframe, this indicator helps you identify crucial support and resistance levels formed during specific trading periods.
## Key Features
### 🕒 **Flexible Session Configuration**
- Customize any time range (e.g., 05:00-13:00, 20:00-02:00)
- Select specific days of the week (Sunday=1 through Saturday=7)
- Works on any timeframe from 1-minute to daily charts
### 📊 **Three Display Modes**
**OHLC Mode:**
- Shows Open, High, Low, Close, and Midpoint lines
- Fully customizable line colors, styles, and widths
- Optional labels with custom text
- Toggle individual lines on/off
**Range Mode:**
- Displays High, Low, and Midpoint lines extending into the future
- Session background box for visual clarity
- Configurable extension length in hours
- Clean range-based analysis
**Mitigate Mode:**
- Horizontal pivot lines that extend until price "mitigates" (touches) them
- Session background box
- Lines automatically stop extending when price reaches the level
- Perfect for ICT-style analysis
### 🚨 **Advanced Alert System**
**Breakout Alerts:**
- Notifies when price breaks above session high or below session low
- Real-time notifications for range expansion
**Liquidity Sweep Alerts:**
- Detects when price briefly breaks a level but closes back inside the range
- Configurable lookback period for sweep detection
- Helps identify false breakouts and liquidity grabs
**Equilibrium Rejection Alerts:**
- Monitors price reaction at the session midpoint
- Detects strong rejections with wick formations
- Configurable sensitivity threshold
### 🎨 **Full Customization**
- Individual color settings for all lines and boxes
- Multiple line style options (Solid, Dashed, Dotted)
- Adjustable line widths and transparency
- Custom label text and positioning
- Session limit control (1-10 sessions displayed)
## Use Cases
### Day Trading
- Mark key levels from overnight sessions
- Identify London/New York opening ranges
- Track Asian session highs and lows
### Swing Trading
- Daily range analysis
- Multi-day level identification
- Key support/resistance from specific periods
### ICT/SMC Trading
- Liquidity pool identification
- Fair value gap analysis
- Market structure understanding
## Technical Specifications
- **Maximum Sessions:** 1-10 (user configurable)
- **Time Format:** 24-hour (HHMM-HHMM)
- **Day Selection:** Individual day toggles (1=Sunday through 7=Saturday)
- **Alert Types:** 4 different alert conditions
- **Drawing Objects:** Optimized with automatic cleanup
- **Performance:** Efficient array management prevents chart lag
## Best Practices
1. **Start Simple:** Begin with OHLC mode to understand session dynamics
2. **Use Alerts:** Enable notifications for key level interactions
3. **Combine Modes:** Switch between modes based on market conditions
4. **Optimize Settings:** Adjust colors and styles for your chart theme
5. **Multiple Timeframes:** Use different sessions for various trading strategies
## Compatibility
- Works on all TradingView chart types
- Compatible with all asset classes (Forex, Stocks, Crypto, Futures)
- Optimized for both light and dark themes
- Mobile-friendly display
---
*This indicator helps traders identify high-probability trading zones based on time-specific price action. Always combine with proper risk management and additional analysis methods.*
ORB - Opening Range Breakout + AlertsThe only ORB indicator you'll ever need.
- Flexible Range: Tailor the opening range (e.g., 5m, 15m, 30m) to your trading style.
- Key Levels: Auto-plots striking pink/purple support/resistance lines post-range for clear trade setups.
- Breakout Alerts: Reliable LONG/SHORT signals on 5m chart for confirmed breakouts; enable/disable as needed.
- Personalized Design: Customize line color and thickness for optimal visibility.
A friendly reminder that no tool or indicator guarantees success. Integrate this into a robust trading plan.
Spread/Range Oscillator + Signal + HistogramThe Spread/Range Oscillator is a technical analysis tool designed to assess market momentum by evaluating the relationship between price movement and volatility.
Calculation
Spread: The difference between the closing and opening prices of a candle (close - open).
Range: The difference between the high and low prices of a candle (high - low).
Oscillator: The spread divided by the range (spread / range). This ratio provides a normalized measure of price movement within each candle.
Smoothed Oscillator: An Exponential Moving Average (EMA) applied to the oscillator over a user-defined period (Smoothing Length) to reduce noise.
Signal Line: An EMA of the Smoothed Oscillator over another user-defined period (Signal Line Length) to identify potential trend changes.
Histogram: The difference between the Smoothed Oscillator and the Signal Line (Smoothed Oscillator - Signal Line). Positive values suggest bullish momentum, while negative values indicate bearish momentum.
Inputs
Smoothing Length (EMA): Determines the period for smoothing the oscillator.
Signal Line Length (EMA): Sets the period for the EMA applied to the Smoothed Oscillator to generate the Signal Line.
Visual Representation
Smoothed Oscillator: Plotted as a line representing the smoothed momentum of price movements.
Signal Line: Displayed as a line serving as a reference to identify potential crossovers and trend changes.
Histogram: Rendered as bars, with positive values indicating bullish momentum and negative values indicating bearish momentum.
Zero Line: A horizontal line at zero to distinguish between bullish and bearish territories.
Applications
Momentum Analysis: Identify periods of strong buying or selling pressure based on the oscillator's position relative to the zero line.
Trend Confirmation: Use crossovers between the Smoothed Oscillator and Signal Line to confirm potential trend reversals or continuations.
Divergence Detection: Spot divergences between price action and the oscillator to anticipate possible market turning points.
This indicator is open-source and intended for educational purposes. It is recommended to use it in conjunction with other forms of analysis and risk management practices before making trading decisions.
ADR & ATR OverlayADR & ATR Overlay
This indicator will display the following as an overlay on your chart:
ADR
% of ADR
ADR % of Price
ATR
% of ATR
ATR % of Price
Description:
ADR : Average Day Range
% of ADR : Percentage that the current price move has covered its average.
ADR % of Price : The percentage move implied by the average range.
ATR : Average True Range
% of ATR : Percentage that the current price move has covered its average.
ATR % of Price : The percentage move implied by the average true range.
Options:
Time Frame
Length
Smoothing
Enable or Disable each value
Text Color
Background Color
How to use this indicator:
The ADR and ATR can be used to provide information about average price moves to help set targets, stop losses, entries and exits based on the potential average moves.
Example: If the "% of ADR" is reading 100%, then 100% of the asset's average price range has been covered, suggesting that an additional move beyond the range has a lower probability.
Example: "ADR % of Price" provides potential price movement in percentage which can be used to asses R/R for asset.
Example: ADR (D) reading is 100% at market close but ATR (D) is at 70% at close. This suggests that there is a potential move of 30% in Pre/Post market as suggested by averages.
Notes:
These indicators are available as oscillators to place under your chart through trading view but this indicator will place them on the chart in numerical only format.
Please feel free to modify this script if you like but please acknowledge me, I am only a hobby coder so this takes some time & effort.
RSI Strength & Consolidation Zones (Zeiierman)█ Overview
RSI Strength & Consolidation Zones (Zeiierman) is a hybrid momentum and volatility visualization tool that blends enhanced RSI interpretation with ADX-driven consolidation detection. This indicator doesn't just show where RSI is trending — it interprets how strong that trend is, when that strength changes, and where the market may be consolidating in anticipation of breakout movement.
Using a combination of Kalman-filtered RSI, custom-built DMI/ADX, and low-volatility zone recognition, it gives traders a dynamic RSI with strength-based coloring, while also highlighting consolidation zones to spot breakout opportunities.
█ Its uniqueness
Traditional RSI indicators lack context. They may show you when the market is overbought or oversold, but they won’t tell you how strong that condition is, or whether it’s likely to result in continuation or consolidation.
This tool aims to solve that by introducing adaptive strength metrics and structural compression zones, allowing traders to anticipate when the market is likely preparing for a move.
█ How It Works
⚪ Enhanced RSI
Combines traditional RSI and a custom RSI implementation
Smooths both through a Kalman filter for trend direction
Final RSI line reflects smoothed consensus between manual and built-in RSI
Adds an RSI + Strength overlay to show when the directional conviction is increasing
⚪ ADX-Driven Strength Layer
Directional Movement Index (DMI) is calculated both manually and with built-in smoothing
The average ADX value is used to calculate a strength modifier
When ADX exceeds 20, RSI is dynamically enhanced or dampened to reflect directional force
Resulting visual: RSI appears stronger or weaker based on confirmed trend conditions
⚪ Consolidation Zone Detection
When ADX falls below 20, the indicator enters a consolidation zone state
Boxes are drawn dynamically to contain the price within these low-volatility structures
Once the price breaks out of the zone, the indicator plots a breakout signal (▲ or ▼)
⚪ Breakouts
Breakout markers are placed at the first close outside the consolidation box
These signals serve as early indicators for potential trend continuation or reversal
█ How to Use
⚪ Confirm Momentum Strength
Use the RSI + Strength line to determine whether current momentum is backed by trend conviction. If strength expands alongside rising RSI, the move has confirmation.
⚪ Consolidations Zones
When RSI is around the midline, and a consolidation box appears, expect lower volatility and a range-bound market, followed by a breakout.
⚪ Use Breakout Signals for Entry
Look for ▲ or ▼ markers as early triggers. These often coincide with volume expansions or structural breaks.
█ Settings Explained
RSI Length – Number of bars used for RSI. Shorter = more sensitive.
DMI Length – Used in both custom and built-in ADX/DI calculations.
ADX Smoothing – Smooths the trend strength signal. Higher values = smoother strength detection.
Trend Confirmation (Filter Strength) – Adjusts the responsiveness of the Kalman filter.
-----------------
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.
John M Oscillator with Zero-Cross Range ScalingThis oscillator tries to measure momentum by comparing the current price to the Heikin Ashi open price, then scales that signal based on how much the price has moved since the last time the signal crossed zero. This makes the strength of the move relative to the recent market activity, which can help identify overbought/oversold zones more adaptively than traditional oscillators.
Helps you spot trend shifts early by watching for zero crossings.
The scaling helps you judge if the trend is weak or strong, instead of just relying on absolute price movement.
Ideal for momentum-based entries/exits, divergence spotting, and avoiding fakeouts.
Components:
1. Heikin Ashi Values:
- Heikin Ashi open is the average of the previous period's open and close.
- Heikin Ashi close is the average of the current period's open, high, low, and close.
2. Basic Oscillator Calculation:
- Calculated by subtracting the Heikin Ashi open from the current close price.
3. Smoothing:
- An EMA is applied to the basic oscillator value for noise reduction.
4. Zero-Cross Range Scaling:
- Identifies the range between the last two zero crossings.
- Finds the largest candle range (High to Low) within this zero-cross range.
- Scales the oscillator as a percentage of this largest range.
5. Color Coding:
- The oscillator plot is green when positive and red when negative.
6. Reference Lines:
- Horizontal lines are drawn at -100, -80, -70, -50, 0, 50, 70, 80, and 100 for reference.
Use Case:
This oscillator helps traders identify trends and momentum with a percentage scale based on recent price action. The scaling provides a view of the oscillator's strength relative to the most significant price movement since the last trend change, making it easier to identify potential reversals or trend continuations
Note: the script is set to default time frame of 6hr. Personally, i use the 1 hr time frame. play with it to find what works for your style of trading.
VWAP 2.0 with desv + Initial Balance by RiotWolftrading🌟 Overview
This powerful tool is designed for traders who want to harness the power of the Volume Weighted Average Price (VWAP) alongside session-based ranges to make informed trading decisions. Whether you're a day trader or a swing trader, this indicator provides a clean and effective way to identify support, resistance, and market trends—all in one place! 💡
✨ Key Features
Auto-Anchored VWAP 📊
Automatically calculates the VWAP based on a user-defined anchor period (e.g., Daily, Weekly, Monthly).
Resets at the start of each period (e.g., daily for a Daily anchor).
Displays a customizable VWAP line with standard deviation bands to highlight key price levels.
Standard Deviation Bands 📏
Plots up to three sets of standard deviation bands above and below the VWAP (multipliers: 1.0, 2.0, 3.0).
Includes volume percentage labels to show where trading volume is concentrated. 📉
Session High/Low Range 🕒
Identifies the high and low prices within a customizable session (default: 12:00 to 15:31).
Draws horizontal lines at the session high and low, with dotted deviation lines for additional reference points.
Perfect for spotting key levels during your trading session! 🔑
Time-Based Range Box ⏰
Highlights a specific time window (default: 15:40 to 15:50) with a colored box showing the high and low prices.
Ideal for tracking price action during high-impact events like news releases or market opens. 📅
Alerts 🚨
Set up alerts for when the price crosses above or below the VWAP—never miss a potential trading opportunity!
⚙️ Settings
Customize the indicator to fit your trading style with these easy-to-use settings:
VWAP Settings
Timezone 🌍: Select your timezone (default: GMT+2) to align calculations with your local time.
VWAP Source 📈: Choose the price source for VWAP (default: hlc3 - average of high, low, close).
Std Deviation Multipliers 📐: Adjust the multipliers for the bands (default: 1.0, 2.0, 3.0).
Line Width ✏️: Set the thickness of the VWAP and band lines (default: 1).
Session Time ⏳: Define the session window for VWAP calculations (default: 08:00-18:00, all days).
Show Upper/Lower Bands 👀: Toggle visibility for each set of bands (default: Band 1 visible, Bands 2 & 3 hidden).
Range Settings
Range Start/End Time 🕙: Set the time window for the range box (default: 15:40 to 15:50).
Box Color 🎨: Customize the border color (default: blue).
Box Background Color 🖌️: Adjust the background color (default: light aqua, 90% transparency).
I created this indicator to provide a streamlined, clutter-free tool for traders who rely on VWAP and session-based analysis. It focuses on the essentials—VWAP, standard deviation bands, session high/low, and range box—without unnecessary overlays. I hope it helps you in your trading journey! If you have feedback or suggestions, feel free to share—I’d love to hear from you! 😊
Daily Range %The Daily Range % Indicator calculates and plots a percentage of the daily range (high to low) based on a custom lookback period. It identifies outside bars from past daily data, prioritizing the most recent unbroken range. If no outside bar is found, it defaults to yesterday's range. The selected percentage of this range is then displayed on the chart, updating once per 5-minute bar (or the chosen resolution).
Fibonacci RangeFibonacci Range 50 Indicator
The Fibonacci Range 50 indicator is designed to help traders identify potential price reversal zones and breakout levels by utilizing the 50% Fibonacci retracement level as a key reference point. This indicator is particularly useful for traders who rely on technical analysis and price action to make informed trading decisions.
How It Works:
Identifies the Range – The indicator automatically detects a significant price range, typically based on the highest and lowest points of a given session (e.g., Asian session, previous day’s range, or a custom timeframe).
Plots Fibonacci Levels – The key 50% Fibonacci retracement level is calculated within this range, acting as a dynamic midpoint that often serves as a pivot zone for price movements.
Breakout & Reversal Signals –
If the price rejects the 50% level, it may indicate a trend continuation or range-bound movement.
If the price breaks above or below the range with momentum, it may signal a potential breakout trade opportunity.
Key Features:
✅ Automatic Fibonacci Level Calculation – No manual drawing required.
✅ Customizable Time Ranges – Allows traders to adjust the indicator based on their preferred trading session.
✅ Works Across Different Markets – Effective for Forex, Crypto, and Stock trading.
✅ Breakout & Reversal Strategy Integration – Can be used in conjunction with other indicators such as Moving Averages, RSI, and MACD.
Ideal For:
Intraday traders looking for high-probability setups.
Swing traders identifying potential turning points.
Traders using breakout strategies based on price action.
This indicator provides traders with clear and actionable insights to improve their trade entries, stop-loss placements, and profit targets. 🚀
Opening Range BoxIndicator Name: Opening Range Box with Extensions
Author: YanivBull
Description:
The Opening Range Box with Extensions is a powerful tool designed to visualize the trading range established during the first 30 minutes of a market session, a critical period for setting the day's trend. This indicator plots a box representing the high and low prices formed within this opening range, with dashed extension lines projecting these levels forward throughout the session.
Its primary purpose is to identify the boundaries of the initial trend at the start of trading. When these boundaries are breached, it serves as a trigger for potential trading opportunities: a breakout above the box high signals a possible long entry, while a breakdown below the box low indicates a potential short entry. The indicator also includes historical boxes for up to 5 previous days (configurable), allowing traders to analyze past opening ranges and their extensions for context and pattern recognition.
Key Features:
Customizable session start time (hour and minute) to adapt to various markets (e.g., NYSE, DAX, etc.).
Displays the current session's opening range box in blue and historical boxes in gray.
Plots dashed extension lines from the high and low of each box, limited to 500 bars or the end of the trading day.
Adjustable number of historical days (1-20, default 5).
Usage:
Set the Session Start Hour and Session Start Minute according to your market's opening time (relative to your chart's timezone, e.g., UTC+2). Watch for price action around the box boundaries—breakouts above the high or below the low can be used as signals for initiating long or short trades, respectively. Combine with other technical analysis tools for confirmation.
This indicator is ideal for day traders looking to capitalize on early session momentum and breakout strategies.
