RK Vashist - Range

5 hari lalu

RK Vashist - Range

This versatile Pine Script is designed for traders who want to visually track key price levels across multiple timeframes. It combines several powerful features into a single, easy-to-use chart overlay:

### 🔷 **Custom Candle High/Low Marker**
- Marks the high and low of a specific candle (e.g., 9:15 AM), with editable **date and time input**
- Displays horizontal lines extending to the right from that candle
- Helps define intraday breakout levels or session ranges

### 📈 **Customizable EMAs**
- Includes **five Exponential Moving Averages**: EMA 5, 10, 20, 50, and 200
- Each EMA has editable **length and color**, giving full flexibility
- Useful for identifying trends, dynamic support/resistance, and crossovers

### 📊 **Previous Session Highs & Lows**
- Automatically plots horizontal lines for:
- **Previous Day**
- **Previous Week**
- **Previous Month**
- Each level has adjustable **color** and **line style** (solid, dashed, dotted)
- Great for spotting key historical support/resistance and potential reversal zones

### 🎛️ **Customization Highlights**
- All inputs are available in the settings panel
- Colors and styles are editable to match your charting preferences
- No repainting or delays—levels are calculated and drawn reliably

💡 Whether you're a scalper, swing trader, or trend follower, this script offers a visually rich toolkit to guide your analysis. Want to take it further with labels, breakout alerts, or zone shading? I’d love to help with that too!

3 hari lalu

Nota Keluaran

📊 **RK Vashist – Range Indicator**
The RK Vashist – Range Indicator is a strategic technical tool designed for traders seeking precision in identifying optimal **buy and sell zones** in the stock market. With an emphasis on market range analysis, it blends price action with calculated targets to guide informed entry and exit decisions.

### 🔍 **Core Features**
- **High/Low Price Detection**:
Automatically highlights the key **range extremes** (highest and lowest prices) within a selected timeframe—this gives traders clarity on overbought or oversold zones.

- **Range Calculation Logic**:
Computes the distance between high and low to determine a dynamic price corridor, helping traders forecast movement boundaries and potential breakout levels.

- **Buy/Sell Guidance**:
- **Buy Signal**: Typically triggered when price nears the lower range or shows strength above the mid-range.
- **Sell Signal**: Indicated when price approaches the upper range or weakness is detected below the midline.

- **Target Zones Display**:
Projects **upside and downside targets** based on historical range performance and volatility metrics. These targets act as profit-taking levels or risk markers.

### 🎯 **Why Traders Use It**
- Reduces emotional decision-making by offering clear visual cues.
- Works well across multiple timeframes—from intraday scalping to swing trading.
- Ideal for range-bound markets as well as early detection of breakouts.

### 💡 Example Usage
Imagine a stock has been trading between ₹450 and ₹500 over the past week:
- The indicator will mark ₹450 (support) and ₹500 (resistance) as range boundaries.
- If price touches ₹455, it may suggest a **buy** with targets like ₹475 or ₹495 based on previous range behavior.
- Conversely, at ₹495, the tool may hint at a **sell** zone with downward targets like ₹470.