Opening Range Breakout Detector📈 Opening Range Breakout Detector (TF-Independent)
Tracks breakouts with precision. No matter the chart, no matter the timeframe.
This indicator monitors whether price breaks above or below the Opening Range across multiple key durations — 1m, 5m, 10m, 15m, 30m, 45m, and 60m — using 1-minute data under the hood, while you can work on higher timeframe charts (daily, etc.).
Highlights:
✅ Status table shows which ORs broke UP or DOWN
⏱ Control which timeframes to track
🖼 Customizable table position, size and colors
Crafted by @FunkyQuokka
In den Scripts nach "range" suchen
Custom Opening Range - CommoditiesThe Custom Opening Range Indicator for Commodities is designed for instruments that trade nearly 24 hours, such as crude oil or natural gas. It allows traders to define the Opening Range based on Indian Standard Time (IST)—typically starting at 3:30 AM IST, which aligns with the global commodities market open. Users can customize both the start time and duration of the range (e.g., 5, 15, or 30 minutes). The indicator dynamically plots the high and low of this range and shades the area between them, providing a clear visual reference for breakout or reversal setups during the rest of the trading session.
Highest/Lowest Range in TimeframeThis script helps traders visually identify the highest high and lowest low within a customizable range of recent bars.
🔍 Key Features
Scans the last 100 to 1000 bars (user-defined)
Automatically detects:
The highest wick (high) and lowest wick (low)
Draws dotted green horizontal lines at both levels
Shows a label indicating the percentage range between high and low
Displays real-time high and low price labels directly on the chart
⚙️ Use Cases
Quickly spot price extremes over your desired time window
Visually measure market range and volatility
Identify breakout potential or reversal zones
✅ How to Use
Add the script to your chart.
Set the “Bars to Scan” input to your desired lookback period (between 100–1000).
Use the displayed lines and labels to identify key high/low price levels and range metrics.
Average Body RangeThe Average Body Range (ABR) indicator calculates the average size of a candle's real body over a specified period. Unlike the traditional Average Daily Range (ADR), which measures the full range from high to low, the ABR focuses solely on the absolute difference between the open and close of each bar. This provides insight into market momentum and trading activity by reflecting how much price is actually moving from open to close , not just in total.
This indicator is especially useful for identifying:
Periods of strong directional movement (larger body sizes)
Low-volatility or indecisive markets (smaller body sizes)
Changes in trend conviction or momentum
Customization:
Length: Number of bars used to compute the average (default: 14)
Use ABR to enhance your understanding of price behavior and better time entries or exits based on market strength.
7-Day Narrow Range (NR7)NR7
NR7 stands for "Narrow Range 7." It identifies a day (or bar) with the narrowest trading range of the past seven days.
Traders often watch for NR7 patterns as they can indicate a period of consolidation before a potential breakout. A narrow range suggests that volatility is low, and a breakout could lead to a significant price move.
NR7 signals are often used in conjunction with other technical indicators and analysis techniques.
Remember that NR7 is just one tool, and no indicator is perfect. Always use sound risk management.
Previous Candle Range Split into ThirdsThis script plots two horizontal lines over the previous candle to divide its total range (high to low) into three equal parts. The first line marks 33% of the range from the low, and the second marks 66%. This helps users visually identify whether the previous candle closed in the lower, middle, or upper third of its range, providing context on potential buyer or seller dominance during that session.
Users can customize the color, width, and style (solid, dotted, dashed) of each line, as well as toggle their visibility from the script's input settings.
This indicator is designed as a discretionary analysis tool and does not generate buy or sell signals.
Nifty Range % and Points by Time BlocksPine Script that gives you day-wise intraday range percentage for these 3 time blocks (9:16–10:45, 10:45–1:15, 1:15–3:15), we can:
Detect time blocks during the day
Track High/Low for each block
Calculate range % for each block:
\text{Range %} = \frac{(High - Low)}{\text{Previous Day Close}} \times 100
Plot / Label it on the chart at the end of each block
OG ATR RangeDescription:
The OG ATR Tool is a clean, visualized version of the Average True Range indicator for identifying volatility, stop-loss levels, and realistic price movement expectations.
How it works:
Calculates the average range (in points/pips) of recent candles.
Overlays ATR bands to help define breakout potential or squeeze zones.
Can be used to size trades or set dynamic stop-loss and target levels.
Best for:
Intraday traders who want to avoid unrealistic targets.
Volatility-based setups and breakout strategies.
Creating position sizing rules based on instrument volatility.
Pro Tip: Combine with your trend indicators to set sniper entries and exits that respect volatility.
PumpC Opening Range Breakout (ORB) Stretch RangePumpC ORB Stretch
The PumpC ORB Stretch is a volatility-based indicator that helps traders identify potential breakout zones by analyzing how price typically behaves around the open. This tool is inspired by concepts introduced by Toby Crabel in his well-known book “Day Trading with Short-Term Price Patterns and Opening Range Breakout.”
Rather than predicting market direction, this indicator highlights areas where price is likely to expand based on recent volatility. It is designed for traders who prefer dynamic, data-driven breakout levels over static support and resistance zones.
What Is the "Stretch"?
In Toby Crabel’s framework, the Stretch is the average of the smaller of two price moves:
The distance from the open to the high of the bar
The distance from the open to the low of the bar
This smaller value captures the “quiet side” of the candle and reflects recent price compression. Averaged over multiple periods (commonly 10 daily bars), it creates a baseline to assess how far price may move away from the open under typical market conditions.
How the Indicator Works
The PumpC ORB Stretch follows this process:
Uses a higher timeframe (such as daily) to calculate the open, high, and low.
For each bar, measures the smaller of the two distances: open to high or open to low.
Applies a moving average to the result over a user-defined number of bars (default is 10).
Multiplies the average stretch by customizable levels (e.g., 0.382, 1.0, 2.0).
Plots breakout levels above and below the open of the selected timeframe.
The result is a set of adaptive levels that expand or contract with market volatility.
Customization Options
Stretch Timeframe: Choose the timeframe used for stretch calculation (default: Daily).
Stretch Length: Set the number of bars to include in the moving average.
Breakout Levels: Enable or disable individual levels and define multipliers.
Color Settings: Customize colors for each range level for easy visual distinction.
Plot Style: Circular markers are used to reduce chart clutter and improve readability.
How to Use It
Use plotted levels to anticipate possible breakouts from the open.
Adjust stretch length to reflect short-term or longer-term volatility trends.
Combine this tool with momentum indicators, volume, or price action for confirmation.
Use levels to help guide stop placement or profit targets in breakout strategies.
Important Notes
This script is based on an interpretation of Crabel’s concepts and is not affiliated with Crabel Capital or the original author.
The indicator does not predict direction; it is a tool for context and structure.
It is recommended that users test and validate this tool in a simulated environment before applying it to live trading.
This indicator is intended for educational purposes only.
Licensing and Attribution
This script is built entirely in Pine Script v5 and follows TradingView’s open-source standards. It does not include any third-party or proprietary code. If you modify or share it, please credit the original idea and follow all TradingView script publishing rules.
Dynamic Candle Range Point IndicatorThe "Dynamic Candle Range Point Indicator" (DCRPI) does two important jobs at once. For each candle on your chart, it shows you exactly how many points the price moved in two different ways:
1. At the top of each candle, you'll see how many points the price moved from open to close (the body range)
2. At the bottom, you'll see the total movement from the highest to lowest point (the full range)
The really smart part is how it colors the borders of candles based on how much the price moved. This gives you a quick visual way to spot significant price movements:
- Small movements keep the standard green/red colors
- Medium movements (25-30 points) show as yellow
- Larger movements get more unique colors (orange, purple, blue, etc.)
This makes it easy to instantly identify which candles had the most significant price movement without having to read all the numbers. You can quickly spot the most volatile candles across your chart by their distinctive border colors.
The indicator is lightweight and should run smoothly on most charts without causing performance issues.
Smart Range Breakout - SwiftEdgeDescription:
The "Smart Range Breakout - SwiftEdge" indicator is a custom tool designed for identifying potential breakout opportunities on a 1-minute chart, with a focus on volatile markets like the DAX index. This script introduces a unique approach by combining range consolidation detection with volume confirmation and breakout validation, tailored for short-term trading strategies.
How It Works:
The indicator identifies consolidation periods where the price range (difference between the highest high and lowest low over a user-defined length) is below a multiple of the Average True Range (ATR). This helps detect periods of low volatility, which often precede breakouts.
Once a consolidation is confirmed (minimum number of bars), a green box is drawn on the chart, spanning a fixed length of bars (default 50), representing the potential breakout zone.
Breakouts are signaled only when a candle opens above the upper boundary (box top) or below the lower boundary (box bottom) of the consolidation box, ensuring a clear entry point based on price action at the open.
The script includes a volume filter, requiring volume to exceed a moving average by a specified multiplier, and a confirmation period to validate the breakout over consecutive bars.
To avoid signal clutter, only one breakout signal (up or down) is generated per box, and no further signals are issued until a new consolidation box is formed.
How to Use:
Apply the indicator to a 1-minute chart (optimized for DAX or similar volatile indices).
Adjust the "Consolidation Length" (default 5) to set the lookback period for detecting consolidation.
Modify the "Range Threshold (ATR Multiplier)" (default 2.0) to make the consolidation detection more or less strict based on market volatility.
Use "Minimum Consolidation Bars" (default 2) to set the minimum duration of a consolidation phase.
Tune "Confirmation Bars" (default 1) to require more bars to confirm the breakout.
Set "Volume MA Length" (default 5) and "Volume Multiplier" (default 1.1) to filter breakouts with insufficient volume.
Adjust "Max Box Length" (default 50) to control the duration of the breakout zone on the chart.
Look for green triangles below the chart for bullish breakouts and red triangles above for bearish breakouts, occurring when a candle opens outside the box with confirmed volume.
Originality:
This script stands out by integrating a fixed-length consolidation box with an opening-price breakout condition, combined with volume and multi-bar confirmation. Unlike traditional breakout indicators that rely solely on closing prices or simple price thresholds, this approach prioritizes the opening price and limits signals to one per cycle, reducing noise in volatile markets.
Chart Notes:
The accompanying chart displays the indicator's output with green boxes indicating consolidation zones, yellow dots marking consolidation periods, and green/red triangles for breakout signals. No additional scripts or unrelated drawings are included to ensure clarity.
Opening RangeShows the opening range for morning and afternoon session. 9:30-10:00 and 1:30-2:00 EST.
It also has the option to add 0.5 and 1 standard deviations in both directions or range extensions.
Note: If you are having weird scaling issues when using this script, especially with the extensions, go to the settings in the bottom right of the chart. It is where the time and price axis meet which is bottom right by default. And then make sure "Scale price chart only" is enabled.
ICT Balanced Price Range - Double FVG with VolumeThis is an FVG indicator combined with volume to identify moments when a sudden volume spike creates a price gap.
Additionally, I've added the ICT Balanced Price Range, which occurs when two opposing FVGs form a connected gap. This gap has a high probability of reversal and is one of the key signs of liquidity sweeps.
Unlike other FVG indicators that filter FVGs based on ATR, average price, or range, I believe such methods lead to overfitting and may not work across multiple pairs with a single setting. Instead, I only filter FVGs when there are consecutive overlapping FVGs.
The indicator includes full functionality:
Candle color customization
FVG line color customization
FVG fill color customization
BPR color customization
Adjustable average volume and volume threshold
Highlighting candles with abnormal volume
Enjoy and make sure to backtest thoroughly before using!
Central Pivot Range (CPR)Central Pivot Range (CPR) Indicator
The Central Pivot Range (CPR) indicator is designed to help traders identify key levels of support and resistance based on pivot points calculated from the previous day's price action. The CPR levels act as critical areas of price convergence and potential reversal, which can help in anticipating future price movements. This version of the CPR indicator includes customizable features to enhance your trading strategy.
Key Features:
Custom Timeframe Support: The indicator allows you to select a custom timeframe for calculating the CPR levels. By default, it uses the daily timeframe ('D'), but you can adjust it to any other timeframe of your choosing. The indicator calculates the CPR and support/resistance levels based on the data from the selected timeframe.
Central Pivot (CP), Below Central Pivot (BC), and Top Central Pivot (TC):
Pivot (CP): The central pivot point is calculated as the average of the high, low, and close prices of the selected timeframe.
Below Central Pivot (BC): This is the midpoint between the high and low prices of the selected timeframe.
Top Central Pivot (TC): This is calculated based on the central pivot and below central pivot, providing a range between support and resistance levels.
Support and Resistance Levels (S1, S2, S3, R1, R2, R3):
Support Levels (S1, S2, S3): These are calculated based on the central pivot, providing potential areas where price may find support and reverse.
Resistance Levels (R1, R2, R3): These are calculated similarly but indicate potential resistance zones where price may face challenges to move higher.
Dynamic Plotting Based on User Input:
The indicator allows you to choose which levels to display on the chart, including the Central Pivot (CP), Support Levels (S1, S2, S3), and Resistance Levels (R1, R2, R3), all of which can be toggled on or off via checkboxes.
CP is displayed in white, BC and TC in blue, Support levels (S1, S2, S3) in green, and Resistance levels (R1, R2, R3) in red.
Daywise Calculations:
The CPR and levels are based on the previous day’s price action, providing historical support and resistance levels that can be useful for intraday analysis.
The request.security function is used to fetch the pivot data from the custom timeframe, ensuring the levels are calculated based on the last completed period (previous day) without repainting.
Customization Options:
CPR Plot: Toggle the visibility of the central pivot range (CPR) lines.
Support Levels (S1, S2, S3): Choose to show or hide the support levels.
Resistance Levels (R1, R2, R3): Choose to show or hide the resistance levels.
Custom Timeframe: Set a custom timeframe for calculating the CPR, allowing for more flexible and tailored analysis.
Candlestick DataCandlestick Data Indicator
The Candlestick Data indicator provides a comprehensive overview of key metrics for analyzing price action and volume in real-time. This overlay indicator displays essential candlestick data and calculations directly on your chart, offering an all-in-one toolkit for traders seeking in-depth insights.
Key Features:
Price Metrics: View the daily high, low, close, and percentage change.
Volume Insights: Analyze volume, relative volume, and volume buzz for breakout or consolidation signals.
Range Analysis: Includes closing range, distance from low of day (LoD), and percentage change in daily range expansion.
Advanced Metrics: Calculate ADR% (Average Daily Range %), ATR (Average True Range), and % from 52-week high.
Moving Averages: Supports up to four customizable moving averages (EMA or SMA) with distance from price.
Market Context: Displays the sector and industry group for the asset.
This indicator is fully customizable, allowing you to toggle on or off specific metrics to suit your trading style. Designed for active traders, it brings critical data to your fingertips, streamlining decision-making and enhancing analysis.
Perfect for momentum, swing, and day traders looking to gain a data-driven edge!
True Range Trend StrengthThis script is designed to analyze trend strength using True Range calculations alongside Donchian Channels and smoothed moving averages. It provides a dynamic way to interpret market momentum, trend reversals, and anticipate potential entry points for trades.
Key Functionalities:
Trend Strength Oscillator:
Calculates trend strength based on the difference between long and short momentum derived from ATR (Average True Range) adjusted stop levels.
Smooths the trend strength using a simple moving average for better readability.
Donchian Channels on Trend Strength Oscillator:
Plots upper and lower Donchian Channels on the smoothed trend strength oscillator.
Traders can use these levels to anticipate breakout points and determine the strength of a trend.
Zero-Cross Shading:
Highlights bullish and bearish zones with shaded backgrounds:
Green for bullish zones where smoothed trend strength is above zero.
Red for bearish zones where smoothed trend strength is below zero.
Moving Averages for Oscillator:
Overlays fast and slow moving averages on the oscillator to provide crossover signals:
Fast MA Cross Above Slow MA: Indicates bullish momentum.
Fast MA Cross Below Slow MA: Indicates bearish momentum.
Alerts:
Alerts are available for MA crossovers, allowing traders to receive timely notifications about potential trend reversals or continuation signals.
Anticipating Entries with Donchian Channels:
The integration of Donchian Channels offers an edge in anticipating excellent trade entries.
Traders can use the oscillator's position relative to the channels to gauge oversold/overbought conditions or potential breakouts.
Use Case:
This script is particularly useful for traders looking to:
Identify the strength and direction of market trends.
Time entries and exits based on dynamic Donchian Channel levels and trend strength analysis.
Incorporate moving averages and visual cues for better decision-making.
Price RangePrice Range
This indicator displays low, middle, and high price zones based on the lowest and highest prices over a specified period, using color-coding. This helps users visually identify the current price's position within these zones.
The effectiveness of chart patterns varies depending on where they appear within these price zones. For example, a double bottom pattern, which signals a potential market bottom, is a strong buy signal if it forms in the low zone, but it has less reliability if it forms in the middle or high zones.
Similarly, price action signals vary in significance based on their location. If a long upper wick pin bar appears in the high zone, it is often interpreted as a sign of reversal.
By combining this Price Range indicator with indicators that display chart patterns or price action signals, traders can make more informed trading decisions.
By default, the middle zone is set to cover 50% of the range, but this can be adjusted.
このインジケーターは、指定した期間の最安値と最高値をもとに、安値圏、中段圏、高値圏を色分けして表示します。これにより、ユーザーは現在の価格がどの位置にあるのかを視覚的に判断できます。
また、チャートパターンの効果は、出現する価格帯によって異なります。たとえば、ダブルボトムは相場の底を示すパターンで、安値圏で形成されると強い買いシグナルとなりますが、中段圏や高値圏で出現しても信頼性は低くなります。
プライスアクションも、どの価格帯に現れるかによって解釈が異なります。高値圏で上ヒゲの長いピンバーが現れると、反転の兆しとして判断されることが多いです。
このPrice Rangeインジケーターを、チャートパターンやプライスアクションを表示するインジケーターと組み合わせることで、より適切なトレード判断が可能になります。
デフォルトでは中段圏の割合が50%になるように設定されていますが、変更することが可能です。
PERFECT PIVOT RANGE DR ABIRAM SIVPRASAD (PPR)PERFECT PIVOT RANGE (PPR) by Dr. Abhiram Sivprasad
The Perfect Pivot Range (PPR) indicator is designed to provide traders with a comprehensive view of key support and resistance levels based on pivot points across different timeframes. This versatile tool allows users to visualize daily, weekly, and monthly pivots along with high and low levels from previous periods, helping traders identify potential areas of price reversals or breakouts.
Features:
Multi-Timeframe Pivots:
Daily, weekly, and monthly pivot levels (Pivot Point, Support 1 & 2, Resistance 1 & 2).
Helps traders understand price levels across various timeframes, from short-term (daily) to long-term (monthly).
Previous High-Low Levels:
Displays the previous week, month, and day high-low levels to highlight key zones of historical support and resistance.
Traders can easily see areas of price action from prior periods, giving context for future price movements.
Customizable Options:
Users can choose which pivot levels and high-lows to display, allowing for flexibility based on trading preferences.
Visual settings can be toggled on and off to suit different trading strategies and timeframes.
Real-Time Data:
All pivot points and levels are dynamically calculated based on real-time price data, ensuring accurate and up-to-date information for decision-making.
How to Use:
Pivot Points: Use daily, weekly, or monthly pivot points to find potential support or resistance levels. Prices above the pivot suggest bullish sentiment, while prices below indicate bearishness.
Previous High-Low: The high-low levels from previous days, weeks, or months can serve as critical zones where price may reverse or break through, indicating potential trade entries or exits.
Confluence: When pivot points or high-low levels overlap across multiple timeframes, they become even stronger levels of support or resistance.
This indicator is suitable for all types of traders (scalpers, swing traders, and long-term investors) looking to enhance their technical analysis and make more informed trading decisions.
Here are three detailed trading strategies for using the Perfect Pivot Range (PPR) indicator for options, stocks, and commodities:
1. Options Buying Strategy with PPR Indicator
Strategy: Buying Call and Put Options Based on Pivot Breakouts
Objective: To capitalize on sharp price movements when key pivot levels are breached, leading to high returns with limited risk in options trading.
Timeframe: 15-minute to 1-hour chart for intraday option trading.
Steps:
Identify the Key Levels:
Use weekly pivots for intraday trading, as they provide more significant levels for options.
Enable the "Previous Week High-Low" to gauge support and resistance from the previous week.
Call Option Setup (Bullish Breakout):
Condition: If the price breaks above the weekly pivot point (PP) with high momentum (indicated by a strong bullish candle), it signifies potential bullishness.
Action: Buy Call Options at the breakout of the weekly pivot.
Confirmation: Check if the price is sustaining above the pivot with a minimum of 1-2 candles (depending on timeframe) and the first resistance (R1) isn’t too far away.
Target: The first resistance (R1) or previous week’s high can be your target for exiting the trade.
Stop-Loss: Set a stop-loss just below the pivot point (PP) to limit risk.
Put Option Setup (Bearish Breakdown):
Condition: If the price breaks below the weekly pivot (PP) with strong bearish momentum, it’s a signal to expect a downward move.
Action: Buy Put Options on a breakdown below the weekly pivot.
Confirmation: Ensure that the price is closing below the pivot, and check for declining volumes or bearish candles.
Target: The first support (S1) or the previous week’s low.
Stop-Loss: Place the stop-loss just above the pivot point (PP).
Example:
Let’s say the weekly pivot point (PP) is at 1500, the price breaks above and sustains at 1510. You buy a Call Option with a strike price near 1500, and the target will be the first resistance (R1) at 1530.
2. Stock Trading Strategy with PPR Indicator
Strategy: Swing Trading Using Pivot Points and Previous High-Low Levels
Objective: To capture mid-term stock price movements using pivot points and historical high-low levels for better trade entries and exits.
Timeframe: 1-day or 4-hour chart for swing trading.
Steps:
Identify the Trend:
Start by determining the overall trend of the stock using the weekly pivots. If the price is consistently above the pivot point (PP), the trend is bullish; if below, the trend is bearish.
Buy Setup (Bullish Trend Reversal):
Condition: When the stock bounces off the weekly pivot point (PP) or previous week’s low, it signals a bullish reversal.
Action: Enter a long position near the pivot or previous week’s low.
Confirmation: Look for a bullish candle pattern or increasing volumes.
Target: Set your first target at the first resistance (R1) or the previous week’s high.
Stop-Loss: Place your stop-loss just below the previous week’s low or support (S1).
Sell Setup (Bearish Trend Reversal):
Condition: When the price hits the weekly resistance (R1) or previous week’s high and starts to reverse downwards, it’s an opportunity to short-sell the stock.
Action: Enter a short position near the resistance.
Confirmation: Watch for bearish candle patterns or decreasing volume at the resistance.
Target: Your first target would be the weekly pivot point (PP), with the second target as the previous week’s low.
Stop-Loss: Set a stop-loss just above the resistance (R1).
Use Previous High-Low Levels:
The previous week’s high and low are key levels where price reversals often occur, so use them as reference points for potential entry and exit.
Example:
Stock XYZ is trading at 200. The previous week’s low is 195, and it bounces off that level. You enter a long position with a target of 210 (previous week’s high) and place a stop-loss at 193.
3. Commodity Trading Strategy with PPR Indicator
Strategy: Trend Continuation and Reversal in Commodities
Objective: To capitalize on the strong trends in commodities by using pivot points as key support and resistance levels for trend continuation and reversal.
Timeframe: 1-hour to 4-hour charts for commodities like Gold, Crude Oil, Silver, etc.
Steps:
Identify the Trend:
Use monthly pivots for long-term commodities trading since commodities often follow macroeconomic trends.
The monthly pivot point (PP) will give an idea of the long-term trend direction.
Trend Continuation Setup (Bullish Commodity):
Condition: If the price is consistently trading above the monthly pivot and pulling back towards the pivot without breaking below it, it indicates a bullish continuation.
Action: Enter a long position when the price tests the monthly pivot (PP) and starts moving up again.
Confirmation: Look for a strong bullish candle or an increase in volume to confirm the continuation.
Target: The first resistance (R1) or previous month’s high.
Stop-Loss: Place the stop-loss below the monthly pivot (PP).
Trend Reversal Setup (Bearish Commodity):
Condition: When the price reverses from the monthly resistance (R1) or previous month’s high, it’s a signal for a bearish reversal.
Action: Enter a short position at the resistance level.
Confirmation: Watch for bearish candle patterns or decreasing volumes at the resistance.
Target: Set your first target as the monthly pivot (PP) or the first support (S1).
Stop-Loss: Stop-loss should be placed just above the resistance level.
Using Previous High-Low for Swing Trades:
The previous month’s high and low are important in commodities. They often act as barriers to price movement, so traders should look for breakouts or reversals near these levels.
Example:
Gold is trading at $1800, with a monthly pivot at $1780 and the previous month’s high at $1830. If the price pulls back to $1780 and starts moving up again, you enter a long trade with a target of $1830, placing your stop-loss below $1770.
Key Points Across All Strategies:
Multiple Timeframes: Always use a combination of timeframes for confirmation. For example, a daily chart may show a bullish setup, but the weekly pivot levels can provide a larger trend context.
Volume: Volume is key in confirming the strength of price movement. Always confirm breakouts or reversals with rising or declining volume.
Risk Management: Set tight stop-loss levels just below support or above resistance to minimize risk and lock in profits at pivot points.
Each of these strategies leverages the powerful pivot and high-low levels provided by the PPR indicator to give traders clear entry, exit, and risk management points across different markets
Fixed Range FootprintFixed Range Footprint allows you to analyze the Footprint over a specified time period. By enabling the "Extend Right" option, the Footprint transforms into a classic mode, extending from the starting point to the most recent bar in real-time.
Input Options:
Group: Coordinates
"Start range": Defines the starting coordinate for the Footprint period.
"End range": Defines the ending coordinate for the Footprint period.
Group: Row Size
"Ticks Per Row": Directly sets the price step, calculated by multiplying the input value by syminfo.mintick.
"Auto": Activates automatic mode for selecting the "Ticks Per Row" value.
"Max row": Relevant in auto mode; it limits the number of rows within a bar. The automatic calculation for "Ticks Per Row" is based on the first available bar and applied to subsequent bars.
Group: Imbalance
"Imbalance Percent": Sets a percentage-based coefficient to determine price level Imbalance by comparing the diagonal buy price to the previous sell price.
"Stacked levels": Defines the minimum number of consecutive Imbalance levels required to draw extended lines.
Group: Support
"Show Footprint Info": Toggles the display of Footprint information.
Group: Value Area
"Value Area": Sets the percentage for the Value Area.
"POC": Toggles the Point of Control (POC).
"VAH": Toggles the Value Area High (VAH).
"VAL": Toggles the Value Area Low (VAL).
"Show Volume Profile": Displays buy/sell volume at each level.
Group: Alerts
"Alert on New Imbalance": Enables alerts for the creation of new Imbalance levels.
"Alert on New Imbalance Line": Enables alerts for the creation of new Imbalance lines.
"Alert on Stop Past Imbalance Line": Enables alerts when price stops past an Imbalance line.
Adjustable Percentage Range Moving AverageAdjustable Percentage Range Moving Average (APRMA)
The Adjustable Percentage Range Moving Average (APRMA) is a technical analysis tool designed for traders and market analysts who seek a dynamic approach to understanding market volatility and trend identification. Unlike traditional moving averages, the APRMA incorporates user-adjustable percentage bands around a central moving average line, offering a customizable view of price action relative to its recent history.
Key Features:
Central Moving Average: At its core, APRMA calculates a moving average (type of your choice) of the price over a specified number of periods, serving as the baseline for the indicator.
Percentage Bands: Surrounding the moving average are four bands, two above and two below, set at user-defined percentages away from the central line. These bands expand and contract based on the percentage input, not on standard deviation like Bollinger Bands, which allows for a consistent visual interpretation of how far the price has moved from its average.
Customizability: Users can adjust:
The length of the moving average period to suit short-term, medium-term, or long-term analysis.
The percentage offset for the bands, enabling traders to set the sensitivity of the indicator according to the asset's volatility or their trading strategy.
Visual Interpretation:
When the price moves towards or beyond the upper band, it might indicate that the asset is potentially overbought or that a strong upward trend is in place.
Conversely, price action near or below the lower band could suggest an oversold condition or a strong downward trend.
The space between the bands can be used to gauge volatility; narrower bands suggest lower current volatility relative to the average, while wider bands indicate higher volatility.
Usage in Trading:
Trend Confirmation: A price staying above the moving average and pushing the upper band might confirm an uptrend, while staying below and testing the lower band could confirm a downtrend.
Reversion Strategies: Traders might look for price to revert to the mean (moving average) when it touches or crosses the bands, setting up potential entry or exit points.
Breakout Signals: A price moving decisively through a band after a period of consolidation within the bands might signal a breakout.
The APRMA provides a clear, adaptable framework for traders to visualize where the price stands in relation to its recent average, offering insights into potential overbought/oversold conditions, trend strength, and volatility, all tailored by the trader's strategic preferences.
Daily Bias Engine | PDH/PDL Range This program is designed to track the previous day range and interactions with the mean threshold on the following day.
The bias strategy is simple:
If you create new range highs over a PDH, you will lean towards calls.
If you create new range lows over a PDL, you will learn towards puts.
If neither event happens, no bias can be determined and therefore no trades taken.
If by 12:00pm there still is no bias determined, it will show moderate strength based on the trend.
Remember, use this strategy to outline your bias and find a cheap entry model to take advantage of.
MM Market Range MapWhat this script does:
The purpose of this script is to help traders identify when the major sectors of the market are moving in one direction - also known as a "market trend day".
How this script works:
The indicator uses QQQ, SMH and NVDA to represent the technology side of the market, and XLF, XLV & IWM to represent everything else. It tracks where price is within the day's range for each of those symbols, and presents that data in a table and in also in a dot-based "map".
How to use this script:
Using the dot-based map, you can see if all symbols were ever at the highs or lows of their range together. You can use this information to decide which direction you should be trading (ie. with trend). For example, in order for there to be healthy bullish moves in the market, you would want this indicator to show you that all sectors are at the highs or trending in that direction.
What makes this script original:
Most indicators and even the TradingView watchlist measure the percent changed on the day from the closing price of a stock on the prior trading day, essentially telling you what sentiment is since yesterday. This script tells you the sentiment today since it is priced from the opening print. It also provides the map so you can see if they were ever at the highs or lows together throughout the day, which can be an early indicator that the market will trend.
S&P Short-Range Oscillator**SHOULD BE USED ON THE S&P 500 ONLY**
The S&P Short-Range Oscillator (SRO), inspired by the principles of Jim Cramer's oscillator, is a technical analysis tool designed to help traders identify potential buy and sell signals in the stock market, specifically for the S&P 500 index. The SRO combines several market indicators to provide a normalized measure of market sentiment, assisting traders in making informed decisions.
The SRO utilizes two simple moving averages (SMAs) of different lengths: a 5-day SMA and a 10-day SMA. It also incorporates the daily price change and market breadth (the net change of closing prices). The 5-day and 10-day SMAs are calculated based on the closing prices. The daily price change is determined by subtracting the opening price from the closing price. Market breadth is calculated as the difference between the current closing price and the previous closing price.
The raw value of the oscillator, referred to as SRO Raw, is the sum of the daily price change, the 5-day SMA, the 10-day SMA, and the market breadth. This raw value is then normalized using its mean and standard deviation over a 20-day period, ensuring that the oscillator is centered and maintains a consistent scale. Finally, the normalized value is scaled to fit within the range of -15 to 15.
When interpreting the SRO, a value below -5 indicates that the market is potentially oversold, suggesting it might be a good time to start buying stocks as the market could be poised for a rebound. Conversely, a value above 5 suggests that the market is potentially overbought. In this situation, it may be prudent to hold on to existing positions or consider selling if you have substantial gains.
The SRO is visually represented as a blue line on a chart, making it easy to track its movements. Red and green horizontal lines mark the overbought (5) and oversold (-5) levels, respectively. Additionally, the background color changes to light red when the oscillator is overbought and light green when it is oversold, providing a clear visual cue.
By incorporating the S&P Short-Range Oscillator into your trading strategy, you can gain valuable insights into market conditions and make more informed decisions about when to buy, sell, or hold your stocks. However, always consider other market factors and perform your own analysis before making any trading decisions.
The S&P Short-Range Oscillator is a powerful tool for traders looking to gain insights into market sentiment. It provides clear buy and sell signals through its combination of multiple indicators and normalization process. However, traders should be aware of its lagging nature and potential complexity, and use it in conjunction with other analysis methods for the best results.
Disclaimer
The S&P Short-Range Oscillator is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research or consult a financial advisor before making investment decisions. The author is not responsible for any losses incurred from using this indicator. Use at your own risk.
