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1D/1W/1M extreme levels

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Daily, Weekly, and Monthly Range Values for Enhanced Positioning

This script calculates dynamic range levels for daily, weekly, and monthly timeframes to help identify key price extremes.

The Initial Value reflects the starting point derived from the assumption of a candle’s bullish or bearish close — essentially your initial reference for potential entry or exit levels.

Range values continuously update based on the high and low prices within each respective timeframe.

When price reaches these range extremes, it signals an increased risk of reversal, providing refined entry points.

Use this tool alongside your existing strategies to improve timing and precision in your trade positioning.
Nota Keluaran
Daily, Weekly, and Monthly Range Values for Enhanced Positioning

This script calculates dynamic range levels for daily, weekly, and monthly timeframes to help identify key price extremes.

The Initial Value reflects the starting point derived from the assumption of a candle’s bullish or bearish close — essentially your initial reference for potential entry or exit levels.

Range values continuously update based on the high and low prices within each respective timeframe.

When price reaches these range extremes, it signals an increased risk of reversal, providing refined entry points.

Use this tool alongside your existing strategies to improve timing and precision in your trade positioning.


Update: Added user friendly colours so you can easily detect buy/sell ranges.
Nota Keluaran
Updated formula to incorporate the extreme levels required for a bullish/bearish candle closure.
Nota Keluaran
Make sure you use 1D chart for now - the code needs adjustments to lock the timeframe
Nota Keluaran
Updated to include yearly range.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.