RTH/ETH Session RangesSimple script that adds a table to the bottom left of the chart - shows the high and low of the Full Session with range, and shows the high and low of the RTH/USA session with same calculations.
This simple script enhances your charting experience by adding a comprehensive table to the bottom left corner of your trading chart. The table is designed to provide key market data at a glance, specifically focusing on the high and low metrics for different trading sessions. Here's a breakdown of what the script offers:
Features of the Script
Full Session Data:
High: The highest price point reached during the entire trading session.
Low: The lowest price point reached during the entire trading session.
Range: The difference between the high and low prices, providing insight into the session's volatility.
RTH/USA Session Data (Regular Trading Hours):
High: The highest price point reached during the RTH, typically reflecting the most active part of the trading day.
Low: The lowest price point reached during the RTH.
Range: The difference between the high and low prices during the RTH, indicating the session's intraday volatility.
How to Use the Script for Trading
Identify Key Levels:
Use the high and low points to identify significant support and resistance levels. These levels can guide your entry and exit points, helping you make informed trading decisions.
Gauge Market Volatility:
The range values for both the Full Session and RTH provide a quick snapshot of market volatility. Higher ranges suggest more significant price movements, which can inform your risk management strategies and position sizing.
Compare Sessions:
By comparing the Full Session data with the RTH data, you can identify differences in price behavior between the broader market hours and the more active trading periods. This comparison can help in understanding market dynamics and planning trades accordingly.
Unique Aspects of the Script
Ease of Access: The table's placement in the bottom left corner ensures that it is always visible without obstructing the main chart view, allowing for quick reference without disrupting your analysis.
Comprehensive Insights: By covering both the Full Session and RTH, the script provides a holistic view of the market, catering to traders who focus on different timeframes.
Customization Potential: Although simple, the script can be customized further to include additional metrics or visual tweaks to better suit individual trading strategies.
Practical Example
Imagine you're trading a particular stock and want to decide on a potential breakout strategy. By using this script, you can quickly identify the high of the Full Session as a potential breakout point. If the price approaches this level during the RTH, you can prepare to enter a trade with the confidence that this level has previously acted as a significant resistance. Conversely, knowing the low of the RTH can help you set stop-loss orders to manage risk effectively.
Cari dalam skrip untuk "range"
TrendCylinder (Expo)█ Overview
The TrendCylinder is a dynamic trading indicator designed to capture trends and volatility in an asset's price. It provides a visualization of the current trend direction and upper and lower bands that adapt to volatility changes. By using this indicator, traders can identify potential breakouts or support and resistance levels. While also gauging the volatility to generate trading ranges. The indicator is a comprehensive tool for traders navigating various market conditions by providing a sophisticated blend of trend-following and volatility-based metrics.
█ How It Works
Trend Line: The trend line is constructed using the closing prices with the influence of volatility metrics. The trend line reacts to sudden price changes based on the trend factor and step settings.
Upper & Lower Bands: These bands are not static; they are dynamically adjusted with the calculated standard deviation and Average True Range (ATR) metrics to offer a more flexible, real-world representation of potential price movements, offering an idea of the market's likely trading range.
█ How to Use
Identifying Trends
The trend line can be used to identify the current market trend. If the price is above the trend line, it indicates a bullish trend. Conversely, if the price is below the trend line, it indicates a bearish trend.
Dynamic Support and Resistance
The upper and lower bands (including the trend line) dynamically change with market volatility, acting as moving targets of support and resistance. This helps set up stop-loss or take-profit levels with a higher degree of accuracy.
Breakout vs. Reversion Strategies
Price movements beyond the bands could signify strong trends, making it ideal for breakout strategies.
Fakeouts
If the price touches one of the bands and reverses direction, it could be a fakeout. Traders may choose to trade against the breakout in such scenarios.
█ Settings
Volatility Period: Defines the look-back period for calculating volatility. Higher values adapt the bands more slowly, whereas lower values adapt them more quickly.
Trend Factor: Adjusts the sensitivity of the trend line. Higher values produce a smoother line, while lower values make it more reactive to price changes.
Trend Step: Controls the pace at which the trend line adjusts to sudden price movements. Higher values lead to a slower adjustment and a smoother line, while lower values result in quicker adjustments.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. 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.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Liquidation Ranges + Volume/OI Dots [Kioseff Trading]Hello!
Introducing a multi-faceted indicator "Liquidation Ranges + Volume Dots" - this indicator replicates the volume dot tools found on various charting platforms and populates a liquidation range on crypto assets!
Features
Volume/OI dots populated according to user settings
Size of volume/OI dots corresponds to degree of abnormality
Naked level volume dots
Fixed range capabilities for volume/OI dots
Visible time range capabilities for volume/OI dots
Lower timeframe data used to discover iceberg orders (estimated using 1-minute data)
S/R lines drawn at high volume/OI areas
Liquidation ranges for crypto assets (10x - 100x)
Liquidation ranges are calculated using a popular crypto exchange's method
# of violations of liquidation ranges are recorded and presented in table
Pertinent high volume/OI price areas are recorded and presented in table
Personalized coloring for volume/OI dots
Net shorts / net long for the price range recorded
Lines shows reflecting net short & net long increases/decreases
Configurable volume/OI heatmap (displayed between liquidation ranges)
And some more (:
Liquidation Range
The liquidation range component of the indicator uses a popular crypto exchange's calculation (for liquidation ranges) to populate the chart for where 10x - 100x leverage orders are stopped out.
The image above depicts features corresponding to net shorts and net longs.
The image above shows features corresponding to liquidation zones for the underlying coin.
The image above shows the option to display volume/oi delta at the time the corresponding grid was traded at.
The image above shows an instance of using the "fixed range" feature for the script.
*The average price of the range is calculated to project liquidation zones.
*Heatmap is calculated using OI (or volume) delta.
Huge thank you to Pine Wizard @DonovanWall for his range filter code!
Price ranges are automatically detected using his calculation (:
Volume / OI Dots
Similar to other charting platforms, the volume/OI dots component of the indicator distinguishes "abnormal" changes in volume/OI; the detected price area is subsequently identified on the chart.
The detection method uses percent rank and calculates on the last bar of the chart. The "agelessness" of detection is contingent on user settings.
The image above shows volume dots in action; the size of each volume dot corresponds to the amount of volume at the price area.
Smaller dots = lower volume
Larger dots = higher volume
The image above exemplifies the highest aggression setting for volume/OI dot detection.
The table oriented top-right shows the highest volume areas (discovered on the 1-minute chart) for the calculated period.
The open interest change and corresponding price level are also shown. Results are listed in descending order but can also be listed in order of occurrence (most relevant).
Additionally, you can use the visible time range feature to detect volume dots.
The feature shows and explains how the visible range feature works. You select how many levels you want to detect and the script will detect the selected number of levels.
For instance, if I select to show 20 levels, the script will find the 20 highest volume/OI change price areas and distinguish them.
The image above shows a narrower price range.
The image above shows the same price range; however, the script is detecting the highest OI change price areas instead of volume.
* You can also set a fixed range with this feature
* Naked levels can be used
Additionally, you can select for the script to show only the highest volume/ OI change price area for each bar. When active, the script will successively identify the highest volume / OI change price area for the most recent bars.
Naked Levels
The image above shows and explains how naked levels can be detected when using the script.
And that's pretty much it!
Of course, there're a few more features you can check out when you use the script that haven't been explained here (:
Thank you again to @DonovanWall
Thank you to @Trendoscope for his binary insertion sort library (:
Thank you to @PineCoders for their time library
Thank you for checking this out!
Highs/Lows difference [OrganicPunch]Highs/Lows difference indicator
To visually evaluate the difference between highs and lows of a price range.
This handsome indicator shows:
difference between highs of 2 candles by displaying it in green histogram
difference between lows of 2 candles by displaying it in red histogram
difference between both highs and lows by displaying a circle at the level of the difference
To read the numerical value, point at the circle of the relevant bar you are interested in, and see the scale.
Indicator is useful in creating strategies where you want to filter out consolidations/ranges (or to locate them), e.g. "Open trade when H/L difference is larger than 200", or "Look for candles with H/L difference lesser than 50".
The exact value of needed H/L difference can be found using this indicator.
Weekly Range ProjectionsWeekly Range Projections
Inspired by toodegrees' excellent "ICT Friday's Asian Range" indicator
This indicator is a modified and enhanced version of the original Friday's Asian Range indicator created by toodegrees. While studying their brilliant work, I realized the concept could be expanded beyond just Friday's Asian session to create a more versatile tool for weekly price projections.
What's New?
I've transformed the original concept into a fully customizable range projection tool that allows traders to:
Select Any Day of the Week - Not limited to just Fridays anymore
Define Custom Time Ranges - Set your own start and end times to capture any session (Asian, London, New York, or custom ranges)
Flexible Deviation Levels - Choose between 1-9 standard deviations instead of the fixed 5
Toggle Body/Wick Ranges - Show or hide body and wick projections independently
Updated to Pine Script v6 - Taking advantage of the latest Pine Script features
How It Works
The indicator captures the price range (body and/or wick) during your specified time window on your chosen day, then projects standard deviation levels from that range. These levels often act as significant support/resistance throughout the week.
Use Cases
Weekly Opening Range - Capture Monday's opening range for week-long projections
Session-Based Analysis - Define any session on any day for targeted analysis
Multi-Timeframe Projections - Create different instances for various time ranges
ICT Concepts - Perfect for traders following ICT methodologies with customizable ranges
Credits
Huge thanks to toodegrees for creating the original Friday's Asian Range indicator and sharing it with the community. Their clean code structure and innovative approach to range projections inspired this modification. The core logic and visual presentation style remain true to their original vision, with added flexibility for broader applications.
If you find this useful, please also check out toodegrees' original indicators - they create fantastic tools for the TradingView community!
Settings Guide
Range Settings - Choose your day and define start/end times
Range Type - Toggle body and/or wick ranges
Deviations - Select how many standard deviation levels to display
Styling - Customize colors and line styles for both range types
Alerts - Set up alerts for price crossing specific deviation levels
Remember to use this on 5-minute or 15-minute charts as intended by the original design.
Note: This indicator follows the Mozilla Public License 2.0
Open Range Breakout (ORB) with Alerts
🚀 ChartsAlgo – Open Range Breakout (ORB) with Alerts
The Open Range Breakout (ORB) Indicator by ChartsAlg is designed for intraday traders looking to capitalize on price movements after the market’s opening range. This tool is especially effective for futures (MNQ, MES) and high-volatility stocks or crypto where initial volatility sets the tone for the session.
This indicator identifies a user-defined opening range window, plots the high/low lines of that range, and visually alerts users when price breaks out above or below the range — with options to customize breakout repetitions, background fill, and alerts.
💡 What is an Open Range Breakout (ORB)?
The opening range represents the high and low established during the first few minutes of the trading session — usually 15 or 30 minutes. Many intraday strategies are based on the idea that breaking out of this initial range often signals strong momentum and trend continuation.
Traders often enter:
Long when price breaks above the range high.
Short when price breaks below the range low.
⚙️ How It Works
You define a session window (e.g., 09:30–09:45 EST).
The indicator tracks the high and low during this time.
Once the session ends, the high and low become your range breakout levels.
The indicator then:
Plots lines for visual clarity
Optionally fills background between the range
Triggers breakout signals if price crosses the levels
Provides alerts when breakouts occur
🛠️ Settings Breakdown
🔹 Session Settings
Range Session: Set your preferred window (e.g., 0930–0945). Can be premarket, first 30 mins, or any custom time.
Time zone: Use "America/New York" for EST (default) or change to "GMT+0" for international traders.
🔹 Breakout Settings
Bullish Breakout Signals: Number of allowed breakout alerts above the range.
Bearish Breakout Signals: Number of allowed breakout alerts below the range.
This prevents repeated alerts once breakout has been confirmed.
🔹 Display Settings
Show Background Fill: Fills area between high/low of the range for easier visual analysis.
Show Breakout Signals: Triangle markers plotted on the chart when breakouts happen.
Only Show Today’s Range: Keeps the chart clean by showing only the most current day’s range.
🔹 Color Settings
Range High/Low Line Colors: Choose any color for clarity.
Range Fill Color: Customize the highlight area for your chart style.
📊 Chart Features
Range High/Low Lines: Automatically plotted after range session ends.
Visual Fill Box: Optional background shading between the opening range.
Triangle Breakout Markers: Appear at the breakout candle.
Alerts: Can be used with TradingView’s alert system to notify you of breakouts in real-time.
🔔 Alerts
Two alert conditions are built in:
Bullish Breakout: Triggers when price breaks above the high of the range.
Bearish Breakout: Triggers when price breaks below the low of the range.
Example Alert Message:
📈 “Bullish Breakout above Open Range on AAPL!”
To activate:
Click “🔔 Alerts” on TradingView.
Set condition to this script.
Choose “ORB Breakout Up” or “ORB Breakout Down”.
Choose alert frequency and notification method.
⚠️ DISCLAIMER
ChartsAlgo tools are for informational and educational purposes only.
They are not financial advice or signals. Past performance does not guarantee future results. Use at your own risk and always implement solid risk management.
By using this indicator, you agree that you are solely responsible for any trades or decisions made based on the information provided.
ATR RopeATR Rope is inspired by DonovanWall's "Range Filter". It implements a similar concept of filtering out smaller market movements and adjusting only for larger moves. In addition, this indicator goes one step deeper by producing actionable zones to determine market state. (Trend vs. Consolidation)
> Background
When reading up on the Range Filter indicator, it reminded me exactly of a Rope stabilization drawing tool in a program I use frequently. Rope stabilization essentially attaches a fixed length "rope" to your cursor and an anchor point (Brush). As you move your cursor, you are pulling the brush behind it. The cursor (of course) will not pull the brush until the rope is fully extended, this behavior filters out jittery movements and is used to produce smoother drawing curves.
If compared visually side-by-side, you will notice that this indicator bears striking resemblance to its inspiration.
> Goal
Other than simply distinguishing price movements between meaningful and noise, this indicator strives to create a rigid structure to frame market movements and lack-there-of, such as when to anticipate trend, and when to suspect consolidation.
Since the indicator works based on an ATR range, the resulting ATR Channel does well to get reactions from price at its extremes. Naturally, when consolidating, price will remain within the channel, neither pushing the channel significantly up or down. Likewise, when trending, price will continue to push the channel in a single direction.
With the goal of keeping it quick and simple, this indicator does not do any smoothing of data feeds, and is simply based on the deviation of price from the central rope. Adjusting the rope when price extends past the threshold created by +/- ATR from the rope.
> Features & Behaviors
- ATR Rope
ATR Rope is displayed as a 3 color single line.
This can be considered the center line, or the directional line, whichever you'd prefer.
The main point of the Rope display is to indicate direction, however it also is factually the center of the current working range.
- ATR Rope Color
When the rope's value moves up, it changes to green (uptrend), when down, red (downtrend).
When the source crosses the rope, it turns blue (flat).
With these simple rules, we've formed a structure to view market movements.
- Consolidation Zones
Consolidation Zones generate from "Flat" areas, and extend into subsequent trend areas. Consolidation is simply areas where price has crossed the Rope and remains inside the range. Over these periods, the upper and lower values are accumulated and averaged together to form the "Consolidation Zone" values. These zones are draw live, so values are averaged as the flat areas progress and don't repaint, so all values seen historically are as they would appear live.
- ATR Channel
ATR Channel displays the upper and lower bounds of the working range.
When the source moves beyond this range, the rope is adjusted based on the distance from the source to the channel. This range can be extremely useful to view, but by default it is hidden.
> Application
This indicator is not created to provide signals, or serve as a "complete" system.
(People who didn't read this far will still comment for signals. :) )
This is created to be used alongside manual interpretation and intuition. This indicator is not meant to constrain any users into a box, and I would actually encourage an open mind and idea generation, as the application of this indicator can take various forms.
> Examples
As you would probably already know, price movement can be fast impulses, and movement can be slow bleeds. In the screenshot below, we are using movements from and to consolidation zones to classify weak trend and strong trend. As you can see, there are also areas of consolidation which get broken out of and confirmed for the larger moves.
Author's Note: In each of these examples, I have outlined the start and end of each session. These examples come from 1 Min Future charts, and have specifically been framed with day trading in mind.
"Breakout Retest" or "Support/Resistance Flips" or "Structure Retests" are all generally the same thing, with different traders referring to them by different names, all of which can be seen throughout these examples.
In the next example, we have a day which started with an early reversal leading into long, slow, trend. Notice how each area throughout the trend essentially moves slightly higher, then consolidates while holding support of the previous zone. This day had a few sharp movements, however there was a large amount of neutrality throughout this day with continuous higher lows.
In contrast to the previous example, next up, we have a very choppy day. Throughout which we see a significant amount of retests before fast directional movements. We also see a few examples of places where previous zones remained relevant into the future. While the zones only display into the resulting trend area, they do not become immediately meaningless once they stop drawing.
> Abstract
In the screenshot below, I have stacked 2 of these indicators, using the high as the source for one and the low as the source for the other. I've hidden lines of the high and low channels to create a 4 lined channel based on the wicks of price.
This is not necessary to use the indicator, but should help provide an idea of creative ways the simple indicator could be used to produce more complicated analysis.
If you've made it this far, I would hope it's clear to you how this indicator could provide value to your trading.
Thank you to DonovonWall for the inspiration.
Enjoy!
Candle Range Theory StrategyCandle Range Theory StrategyCandle Range Theory Strategy delves into the intricacies of price action analysis, focusing on the behavior of candlestick patterns within specific ranges. Traders employing this strategy aim to identify key support and resistance levels by analyzing the high and low points of significant candlesticks. The core principle lies in understanding that the range of a candle—defined by its opening, closing, high, and low prices—provides valuable insight into market sentiment and potential future movements.
To implement the Candle Range Theory Strategy effectively, one must first recognize the importance of different candle sizes. A long-bodied candle suggests strong momentum, pointing to a bullish or bearish bias, while a small-bodied candle indicates indecision or consolidation, often signaling potential reversals or breakouts. By plotting these candlesticks over a defined time frame, traders can ascertain whether the market is trending or range-bound.
Additionally, traders should consider the context in which these candles form. Analysis of the preceding price action can reveal whether current ranges are extensions of existing trends or indications of market fatigue. In particular, look for patterns such as engulfing candles, pin bars, or inside bars, as they often foreshadow forthcoming price fluctuations.
Moreover, combining the Candle Range Theory with other technical indicators, like moving averages or Fibonacci retracements, can offer a more comprehensive view of potential entry and exit points. By aligning candle patterns with broader market dynamics, traders can optimize their strategies, enhancing their probability of success while minimizing risk.
Lastly, maintaining a disciplined approach is crucial. Setting precise stop-loss and take-profit levels grounded in candle ranges can safeguard one's capital. Adhering to this framework allows traders to navigate the complexities of the market with greater confidence, ultimately leading to more informed and successful trading decisions. Embracing the nuances of Candle Range Theory not only sharpens analytical skills but also enriches one’s trading repertoire, paving the way for sustained profitability in the dynamic world of forex and equities.
Volumetric Toolkit [LuxAlgo]The Volumetric Toolkit is a complete and comprehensive set of tools that display price action-related analysis methods from volume data.
A total of 4 features are included within the toolkit. Symbols that do not include volume data will not be supported by the script.
🔶 USAGE
The volumetric toolkit puts a heavy focus on price action, returning support/resistance levels, ranges, volume divergences...etc.
The main premise between each feature is that volume has a direct relationship with market participants level of interest over a specific symbol, and that this interest is not constant over time.
Each individual feature is detailed below.
🔹 Ranges Of Interest
The Ranges Of Interest construct a range from a surge of high liquidity in the market. This range is constructed from the price high and price low of the candle with the associated significant liquidity.
The returned extremities can be used as support and resistance, with breakouts often being accompanied by significant liquidity as well, suggesting potential trend continuations.
The length setting associated with this feature determines how sensitive the range detection algorithm is to volume, with higher values requiring more significant volume in order to display a new range.
🔹 Impulses
Impulses highlight times when volume makes a new higher high while the price makes a new higher high or lower low, suggesting increased market participation.
When this occurs when the price makes a new higher high the impulse is considered bullish (green), if the price makes a new lower low the impulse is bearish (red).
Impulses occurring within an established trend opposite to it (e.g a bearish impulse on an uptrend) might be indicative of reversals.
The length setting works similarly to the previously described ranges of interest, with higher values requiring longer-term volume higher high and price higher high/lower low, highlighting more significant impulse and potentially longer-term reversals.
🔹 Levels Of Interest
Levels of interest display price levels of significant trading activity, contrary to the range of interest only the closing price is taken into account, also volume peaks are used to detect significant trading activity.
Note that this feature is subject to backpainting, that is lines are set retrospectively.
Users can determine the amount of most recent levels to display on the chart. These can be used as classical support/resistances.
🔹 Volume Divergence
We define volume divergence as a decreased market participation while a trend is still developing.
More precisely volume divergences are highlighted if volume makes a lower high while price is making a new higher high/lower low.
This can be indicative of a lack of further participation in the current trend, indicating a potential reversal.
Using higher length values will return longer-term divergences.
Note that this feature is subject to backpainting, that is lines are set retrospectively.
🔶 SETTINGS
🔹 Ranges Of Interest
Show Ranges Of Interest: Display Ranges Of Interest.
Length: Ranges Of Interest sensitivity to volume.
🔹 Impulses
Show Impulses: Display Ranges Of Interest.
Length: Impulses sensitivity to volume.
🔹 Levels Of Interest
Show: Determine if Levels Of Interest are displayed, and how many from the most recent.
Length: Level detection sensitivity to volume.
🔹 Volume Divergences
Show Divergences: Determine if Volume Divergences are displayed.
Length: Period for the detection of price tops/bottoms and volume peaks.
$0 Monthly Weekly & Daily OHLC Viewer
Visualizer of current or previous month(s), week(s) & days ranges
Purpose: View last Monthly, Weekly, Daily, and/or a custom time interval OHLC, i.e. previously closed/confirmed or the ongoing higher time interval ranges
Main configurations available:
- 2 main reporting modes: View the current/ongoing M/W/D candles' OHLC (live, repaints) or report OHLC of last closed ones, i.e. previous Montly, Weekly and/or Daily
- View only latest Monthly, Weekly and/or Daily OHLC (lines) or all past ones (~channel)
- Set your own time interval for its price range(s) to be reported, e.g. last quarter '3M', 12H '720', or hide it
- View one specific day of the week OHLC reported all over the week
Graphic/visual configuration:
- Show the High & Low levels or not
- Show the Open & close levels or not
- Display a background color between top & down or lines only
- Change the background color depending if is/was rising or falling price
- Highlight the top & down breaches of higher timeframe resolution candles: Daily breaching last Weekly range, and/or the Weekly the Monthly one
- Colors & styling can be edited from the indicator's styling configuration panel
Depending on its expected usage, those configurations enable to:
- Consider previously closed candles OLHC as reference top & down ranges (support & resistance, breaches)
- Review chart's current candles evolution within their higher time interval / candle (M/W/D)
- Consider specific week days' range as a reference for the week trend
- Have a general overview of the market evolution trends
Default config is to view current candles evolving within their higher time interval / candle, while reporting last previously closed M+W is a preferred usage. Play with the config settings to find your setup.
View ongoing M+W+D OHLC with dynamic background color:
View previously closed M+W+D OHLC:
View closed H&L for M+W+D, latest only:
View Mondays' OHLC:
Feedback & support welcome.
Tight Range Display with Background🌟 Tight Range Transparency Display with Background
What Is This Indicator?
Hey traders! Ever wanted a simple way to spot those quiet, low-volatility moments in the market that often signal a big move is coming? The Tight Range Transparency Display with Background does exactly that! This indicator highlights periods where the price is moving in a tight range—think of it as the calm before the storm. It paints the chart background blue to show these zones, with the shade getting darker the tighter the range becomes. It’s like having a visual cue to say, “Hey, something might be brewing here!”
Why You’ll Love It
Spot Key Moments Easily: The blue background makes it super easy to see when the market is in a tight range, which often happens before breakouts or big trends.
Customizable Settings: You can tweak the range thresholds to match your trading style—whether you’re looking for super tight zones or slightly broader ones.
Visual Clarity: The background gets darker when the range is tighter, giving you a quick sense of how compressed the price action is.
Perfect for Any Market: Works on stocks, forex, crypto, or any chart you trade, across any timeframe.
How to Use It
Add It to Your Chart:
Just copy this script into TradingView’s Pine Editor and hit "Add to Chart." It’ll overlay right on your price chart.
Tweak the Settings:
Open the indicator settings and use the dropdown menus to pick your preferred "Tight Range %" and "Wide Range %." For example, set a Tight Range % of 2.0% to catch smaller ranges, or go higher like 10.0% for broader ones.
You can also adjust the ATR Period (default is 5) to make the indicator more or less sensitive to recent price swings.
Watch for the Blue Background:
When the price enters a tight range, the chart background turns blue. The darker the blue, the tighter the range—meaning a potential breakout could be closer!
Trade Smarter:
Use these tight range zones to prepare for potential breakouts. For example, if you see a dark blue background, it might be a good time to watch for a big price move.
Pair this with other tools like support/resistance levels or volume spikes to confirm your trades.
Who Is This For?
Swing Traders: Perfect for spotting consolidation zones before a big swing.
Breakout Traders: Tight ranges often lead to breakouts—use this to time your entries.
Smart Money Followers: If you’re into smart money concepts, tight ranges can signal accumulation or distribution phases.
Beginners & Pros Alike: It’s easy to use for new traders but powerful enough for seasoned pros.
Real-World Example
Imagine you’re trading a stock on a 1-hour chart. You notice the background turns blue, and it’s getting darker over a few bars. This tells you the price range is tightening—maybe the stock is consolidating after a big move. You check your other indicators, see a volume spike, and spot a breakout above resistance. Boom! You catch the next big trend, all because this indicator helped you focus on the right moment.
Tips for Best Results
Try Different Timeframes: Tight ranges on a 15-minute chart might signal short-term moves, while a daily chart could highlight bigger trends.
Adjust for Your Market: For volatile markets like crypto, you might want a higher Tight Range % (e.g., 10.0%). For calmer markets like forex, try a lower setting (e.g., 2.0%).
Combine with Other Tools: Use this alongside trendlines, moving averages, or volume indicators to confirm your setups.
Why I Made This
I created this indicator because I wanted a simple, visual way to spot those critical low-volatility zones without cluttering my chart. The dynamic background color makes it intuitive to see when the market is “coiling up” for a potential move. I hope it helps you find better trading opportunities just like it does for me!
Let’s Connect
If you find this indicator helpful, I’d love to hear about it! Drop a comment or a rating to let me know how it’s working for you. Got ideas to make it even better? Feel free to message me on TradingView—I’m always open to suggestions.
Published On
Date: May 22, 2025
Happy trading, and may your charts always be in your favor! 🚀
How to Publish on TradingView
Open Pine Editor:
On TradingView, open a chart and go to the Pine Editor tab at the bottom.
Paste the Code:
Copy the script you provided and paste it into the Pine Editor.
Compile:
Click "Add to Chart" to ensure it compiles without errors.
Publish:
Click the "Publish Script" button (paper plane icon) in the Pine Editor.
Select "Publish New Script."
Add the Description:
Title: "Tight Range Transparency Display with Background"
Description: Copy the content above into the description field.
Visibility: Choose "Public" to share with everyone (or "Invite-Only" for restricted access).
Tags: Add tags like "tight range", "breakout", "smart money", "volatility", "swing trading".
Screenshot: Add a screenshot of the indicator on a chart, showing the blue background during a tight range.
Submit:
Click "Publish" to submit. TradingView will review it and make it live if it meets their guidelines.
Additional Notes
Screenshot Tip: Use a chart where the blue background is clearly visible (e.g., during a consolidation period) to make the indicator’s effect stand out.
Engage with Users: After publishing, respond to comments and feedback to build a positive reputation on TradingView.
This content is designed to be approachable and engaging, helping traders understand the value of your indicator and encouraging them to try it out.
Normalized True Range - Grouped by WeekdaysThis indicator helps traders analyze daily volatility patterns across different days of the week by calculating normalized price ranges.
Unlike traditional volatility measures, it uses a normalized approach by dividing the daily range (high-low) by the midpoint price and multiplying by 100, providing a percentage-based measure that's comparable across different price levels. This normalization makes it particularly useful for comparing volatility patterns across different assets or time periods.
The indicator also includes a statistical overlay that highlights extreme volatility events. By calculating the 5th and 95th percentiles of the normalized ranges within your specified date range, it creates upper and lower bounds that help identify outlier days where volatility was exceptionally high or low.
These bounds appear as horizontal lines on the chart, making it easy to spot when current volatility breaks out of its historical norms.
The data is presented in both visual and tabular formats, with a comprehensive table showing the maximum, minimum, average, and 25th percentile ranges for each day of the week. This dual presentation allows traders to both quickly spot patterns visually and access detailed statistics for deeper analysis.
The user can customize the analysis period through simple date range inputs, making it flexible for different analytical timeframes.
Judas Swing ICT 01 [TradingFinder] New York Midnight Opening M15🔵 Introduction
The Judas Swing (ICT Judas Swing) is a trading strategy developed by Michael Huddleston, also known as Inner Circle Trader (ICT). This strategy allows traders to identify fake market moves designed by smart money to deceive retail traders.
By concentrating on market structure, price action patterns, and liquidity flows, traders can align their trades with institutional movements and avoid common pitfalls. It is particularly useful in FOREX and stock markets, helping traders identify optimal entry and exit points while minimizing risks from false breakouts.
In today's volatile markets, understanding how smart money manipulates price action across sessions such as Asia, London, and New York is essential for success. The ICT Judas Swing strategy helps traders avoid common pitfalls by focusing on key movements during the opening time and range of each session, identifying breakouts and false breakouts.
By utilizing various time frames and improving risk management, this strategy enables traders to make more informed decisions and take advantage of significant market movements.
In the Judas Swing strategy, for a bullish setup, the price first touches the high of the 15-minute range of New York midnight and then the low. After that, the price returns upward, breaks the high, and if there’s a candlestick confirmation during the pullback, a buy signal is generated.
bearish setup, the price first touches the low of the range, then the high. With the price returning downward and breaking the low, if there’s a candlestick confirmation during the pullback to the low, a sell signal is generated.
🔵 How to Use
To effectively implement the Judas Swing strategy (ICT Judas Swing) in trading, traders must first identify the price range of the 15-minute window following New York midnight. This range, consisting of highs and lows, sets the stage for the upcoming movements in the London and New York sessions.
🟣 Bullish Setup
For a bullish setup, the price first moves to touch the high of the range, then the low, before returning upward to break the high. Following this, a pullback occurs, and if a valid candlestick confirmation (such as a reversal pattern) is observed, a buy signal is generated. This confirmation could indicate the presence of smart money supporting the bullish movement.
🟣 Bearish Setup
For a bearish setup, the process is the reverse. The price first touches the low of the range, then the high. Afterward, the price moves downward again and breaks the low. A pullback follows to the broken low, and if a bearish candlestick confirmation is seen, a sell signal is generated. This confirmation signals the continuation of the downward price movement.
Using the Judas Swing strategy enables traders to avoid fake breakouts and focus on strong market confirmations. The strategy is versatile, applying to FOREX, stocks, and other financial instruments, offering optimal trading opportunities through market structure analysis and time frame synchronization.
To execute this strategy successfully, traders must combine it with effective risk management techniques such as setting appropriate stop losses and employing optimal risk-to-reward ratios. While the Judas Swing is a powerful tool for predicting price movements, traders should remember that no strategy is entirely risk-free. Proper capital management remains a critical element of long-term success.
By mastering the ICT Judas Swing strategy, traders can better identify entry and exit points and avoid common traps from fake market movements, ultimately improving their trading performance.
🔵 Setting
Opening Range : High and Low identification time range.
Extend : The time span of the dashed line.
Permit : Signal emission time range.
🔵 Conclusion
The Judas Swing strategy (ICT Judas Swing) is a powerful tool in technical analysis that helps traders identify fake moves and align their trades with institutional actions, reducing risk and enhancing their ability to capitalize on market opportunities.
By leveraging key levels such as range highs and lows, fake breakouts, and candlestick confirmations, traders can enter trades with more precision. This strategy is applicable in forex, stocks, and other financial markets and, with proper risk management, can lead to consistent trading success.
Twin Range Filter VisualizedVisulaized version of @colinmck's Twin Range Filter version on TradingView.
On @colinmck's Twin Range Filter version, you can only see Long and Short signals on the chart.
But in this version of TRF, users can visually see the BUY and SELL signals on the chart with an added line of TRF.
TRF is an average of two smoothed Exponential Moving Averages, fast one has 27 bars of length and the slow one has 55 bars.
The purpose is to obtain two ranges that price fluctuates between (upper and lower range) and have LONG AND SHORT SIGNALS when close price crosses above the upper range and conversely crosses below lower range.
I personally combine the upper and lower ranges on one line to see the long and short signals with my own eyes so,
-BUY when price is higher or equal to the upper range level and the indicator line turns to draw the lower range to follow the price just under the bars as a trailing stop loss indicator like SuperTrend.
-SELL when price is lower or equal to the lower range levelline under the bars and then the indicator line turns to draw the upper range to follow the price just over the bars in that same trailing stop loss logic.
There are also two coefficients that adjusts the trailing line distance levels from the price multiplying the effect of the faster and slower moving averages.
The default values of the multipliers:
Fast range multiplier of Fast Moving Average(27): 1.6
Slow range multiplier of fSlow Moving Average(55): 2
Remember that if you enlarge these multipliers you will enlarge the ranges and have less but lagging signals. Conversely, decreasing the multipliers will have small ranges (line will get closer to the price and more signals will occur)
ICT Friday's Asian Range°This concept was engineered and taught by the Inner Circle Trader .
The goal of this script is to outline a potential draw on liquidity for the next trading week. It gives a parameter for ICT PD Arrays to be located above and below the marketplace and should be used in conjunction with the higher Timeframe Arrays as defined by ICT.
If there is a higher Timeframe array with a standard deviation confluence of the Friday Asian Range it is considered high probability for price to reach up/down to that level, and present a potential retracement or reversal.
The Asian Range is defined as the window of Time between 7PM to Midnight New York Time. In this case we will be only using the Friday's Asian Range which will take place on Thursday between these Times.
We have two ranges: a Body range made of the highest and lowest candle bodies, and a Wick range made by the highest and lowest candle wicks.
ICT teaches that we only want to apply this concept to the 5minute and 15minute chart.
THIS SCRIPT WILL NOT WORK ON ANY OTHER TIMEFRAME OUT OF THE BOX
Framework:
Visualization:
Example:
Candle Range-BarsThe Candle Range Bars indicator visually represents the range of each candlestick in either pips or ticks, depending on your preference. It plots vertical bars to show the size of each candle, making it easy to identify periods of high or low volatility. The indicator also displays the exact range value (in pips or ticks) above each bar, with customizable text size and color for better readability.
Key Features
Pips or Ticks Mode:
Choose to display the candle range in pips (for forex traders) or ticks (for other instruments).
Customizable Text:
Adjust the text color and text size (Tiny, Small, Normal, Large) to suit your chart style.
Clear Visuals:
Bars are colored green for bullish candles and red for bearish candles, making it easy to distinguish between up and down moves.
Flexible Use:
Ideal for analyzing volatility, identifying consolidation zones, and comparing candle ranges across different timeframes.
How to Use:
Add the indicator to your chart.
Customize the settings:
Choose between pips or ticks.
Adjust the text color and text size for the range values.
Observe the bars and their corresponding range values to analyze market volatility.
Why Use This Indicator?:
Simplify Range Analysis: Quickly see the size of each candlestick without manual calculations.
Customizable: Tailor the appearance to match your trading style.
Versatile: Works on any instrument and timeframe.
Settings:
Show Pips (Otherwise Ticks): Toggle between pips and ticks mode.
Text Color: Choose the color of the range value text.
Text Size: Select the size of the range value text (Tiny, Small, Normal, Large).
Ideal For:
Forex, stocks, commodities, and crypto traders.
Traders who focus on volatility and range analysis.
Anyone looking for a clear and customizable way to visualize candle ranges.
This description highlights the key features, benefits, and usability of your indicator, making it appealing to other TradingView members. Let me know if you'd like to tweak it further! 😊
Fibonacci Period Range [UkutaLabs]█ OVERVIEW
The Fibonacci Period Range Indicator is a powerful trading tool that draws levels of support and resistance that are based on key Fibonacci levels. The script will identify the high and low of a range that is specified by the user, then draw several levels of support and resistance based on Fibonacci levels.
The script will also draw extension levels outside of the specified range that are also based on Fibonacci levels. These extension levels can be turned off in the indicator settings.
Each level is also labelled to help traders understand what each line represents. These labels can be turned off in the indicator settings.
The purpose of this script is to simplify the trading experience of users by giving them the ability to customize the time period that is identified, then draw levels of support and resistance that are based on the price action during this time.
█ USAGE
In the indicator settings, the user has access to a setting called Session Range. This gives users control over the range that will be used.
The script will then identify the high and low of the range that was specified and draw several levels of support and resistance based on Fibonacci levels between this range. The user can also choose to have extension levels that display more levels outside of the range.
These lines will extend until the end of the current trading day at 5:00 pm EST.
█ SETTINGS
Configuration
• Display Mode: Determines the number of days that will be displayed by the script.
• Show Labels: Determines whether or not identifying labels will be displayed on each line.
• Font Size: Determines the text size of labels.
• Label Position: Determines the justification of labels.
• Extension Levels: Determines whether or not extension levels will be drawn outside of the high and low of the specified range.
Session
• Session Range: Determines the time period that will be used for calculations.
• Timezone Offset (+/-): Determines how many hours the session should be offset by.
ATR Range Accumulation by Standard Deviation and Volume [SS]So, this is an indicator/premise I have been experimenting with, which mixes ATR with Z-Score and Volume metrics.
What does the indicator do?
The indicator, on the lower timeframes, uses an ATR approach to determine short-term ranges. It takes the average ATR range over a designated lookback period and plots out the levels like so:
It then calculates the Z-Score for these ATR targets (shown in the chart above) and calculates, over the designated lookback period, how often price accumulates at that standard deviation level.
The indicator is essentially a hybrid of my Z-Score Support and Resistance indicator and my frequency distribution indicator. It combines both concepts into one.
You also have the option of sorting by volume accumulation. This will display the accumulation of the ranges by volume accumulation, like so:
Larger Timeframes:
If you want to see the accumulation by volume or standard deviation on the larger timeframes, you can. Simply toggle on your preferred setting:
Show Total Accumulation Breakdown:
This will break down the levels, over the lookback period, by standard deviation. This is similar to the Z-Score support and resistance indicator. It will then show you how often price accumulates at these various standard deviation levels. Here is an example on the daily timeframe using the 1D chart settings:
Inversely, you can repeat this, with the Z-Score levels, but show accumulation by volume. This will print 5 boxes, which are between +3 Standard Deviations and -3 Standard Deviations, like so:
Here we can see that 61% of volume accumulation is between -1 and 1 standard deviation.
Using it to Trade:
For swing trading, I suggest using the larger timeframe information. However, for both swing and day traders, it is also helpful to use the ATR display. You can modify the ATR display to show the levels on any timeframe by selecting which timeframe you would like to see ATR ranges for. If you are trading on the 1 or 5-minute chart, I suggest leaving the levels at no shorter than a 60-minute timeframe.
You can also use these levels on the daily for the weekly levels, etc.
The accumulation being shown will be based on the current chart timeframe. This is a function of Pinescript, but in this case, it's actually advantageous because if you are trading on the shorter timeframe, and a level has 0% recent accumulation, it's unlikely we will see that level soon or overly quickly. Intraday retracements will generally happen to areas of high accumulation.
How this indicator is different:
The difference in this indicator comes from its focus on accumulation in relation to Standard Deviation. There is one thing that is consistent among retail traders, algorithms, market makers, and funds, and that is looking at the market in terms of standard deviation. Each person, market maker, and algorithm may be slightly nuanced in how it conceptualizes standard deviation (whether it be since the inception of the ticker (or IPO), or the previous 500 days, or the previous 100 days, etc.), but the premise remains consistent. Standard Deviation is a really important, if not the most important, metric to pay attention to. Another important metric is volume. Thus, the premise is that combining volume accumulation with standard deviation should, theoretically, be telling. We can see the extent of buying at various standard deviations and whether a stock is really a buy or not.
And that's the indicator! Hope you enjoy it. Leave your comments and questions below.
Safe trades!
RSI - Dynamic Overbought/Oversold RangeDefault overbought/oversold levels of RSI does not hold good for instruments which are trending well. It happens often that instruments keep trading in single half of the range for prolonged time without even touching the other half. This also came up often in tradingview pine chat discussions where I participate regularly.
Hence, thought of creating this script to help other scriptors in finding different methods to derive dynamic high/low range of RSI. This can also be adopted for other range bound oscillators - though not inlcuded in this script.
⬜ Method
▶ Derive multitimeframe RSI. Parameters - Resolution, Source and Length are pretty straight forward. Repaint when unchecked uses previous bar value.
▶ Dynamic range detection follows below steps.
Get highest and lowest of the oscillator source for Range Length period.
Use Detection method further to refine the highest and lowest range. If detection method is "highlow", then it looks for lowest value for high range and highest value for low range. If not, uses moving average.
◽Note: Detection range length is used only for finding highest and lowest of Oscillator value ranges. Further detection range method of highlow and other moving average types use Oscillator length.
Williams %RHi! WPR is the Williams percentage range indicator in my design. The main idea is that the intersection of the indicator and the moving average in the overbought and oversold zones + color highlighting gives more clear visual signals for making trading decisions based on this indicator.
ICT Time RangesICT Time Ranges is a concept around the fact that price likes to show volatility spikes in certain times of the day.
Although there are many other scripts such as that revolve around this concept, the difference between this one and some of the others out there is the fact that this code specifically focuses on the ranges like New York, London, Asia, and ICTs concept behind having a "True Day Range". Also, prior scripts draw horizontal lines to delineate the High and Low of the Day. Although this is useful in some cases, I find it to clutter up the chart too much for my liking, so this script negates any of that and simply prints a box in the parameters given within the settings pop-up. This also allows you the fact of having a shape and letter(s) marker for when a new day starts at 0:00.
With this script, you can enable / disable times of the day for:
- London Session
- New York Session
- London Close Session
- Asia Session
- "IPDA" True Day
You can also change the times that these sessions will update to, along with the opacity and color that they print to mark out these times / ranges. The same can be said with the "Day of Week" markers, which can be color coded and show different shapes / formats to your liking.
I find that putting the Session boxes opacity to 7-8% and the day of week markers to 20% is best as this makes them visible enough to see while also keeping it easy on your eyes to analyze your charts.
Overall, this script was based around specific concepts I liked from other individuals' scripts such as @BryceWH and @AvniPiro , but that are tweaked to what I personally find as most beneficial. To see others scripts like this one, you can search for "ICT Killzones" in the public script library!
TPO[Fixed Range, Anchored, Bars Back]TPO Bars Back, Fixed Range and Anchored
Overview
The TPO Profile (Time Price Opportunity Profile) is a powerful market profile indicator that displays the amount of time price spent at different levels during a specified period. Unlike traditional volume profile indicators that show volume distribution, TPO Profile shows time distribution , providing insights into where price has spent the most time and identifying key support and resistance levels.
Key Advantages Over TradingView's Built-in TPO
Simplified Composite Creation : Automatically creates TPO profiles for any time range without manual split/merge operations
Instant Value Area Calculation : Immediately shows Value Area, POC, VAH, and VAL for your selected period
No Manual Assembly Required : TradingView's native TPO requires you to manually split sessions and merge them to create composites - this indicator does it automatically
Flexible Time Ranges : Create composites for any custom time period (multiple days, weeks, specific events) with a few clicks
Real-time Composite Updates : Anchor mode creates live composites that update as new data arrives
Multiple Composite Analysis : Easily compare different time periods without the tedious manual process
Key Features
Core Functionality
Time-Based Analysis : Shows time spent at each price level rather than volume
Configurable Time Blocks : Use any timeframe for TPO counting (30min, 1H, 4H, etc.)
Multiple Price Levels : Adjustable from 5 to 200 levels for granular analysis
Point of Control (POC) : Automatically identifies the price level with highest time activity
Value Area Calculation : Shows the price range containing 70% (configurable) of time activity
Automatic Composite Generation : Creates multi-session composites without manual intervention
Three Operating Modes
1. Bars Back Mode
Analyzes the last N bars from the current bar
Perfect for recent market activity analysis
Range: 10-500 bars
Use Case : Intraday analysis, recent session review
2. Fixed Range Mode
Analyzes a specific time period between start and end times
Ideal for historical analysis of specific events
Creates perfect composites for multi-day periods
Use Case : Earnings periods, news events, specific trading sessions, weekly/monthly composites
3. Anchor Mode (NEW)
Starts from a specific time and extends to the current bar
Dynamically updates as new bars form
Perfect for building live composites from any starting point
Use Case : Live session monitoring, event-based analysis from a specific point, growing composites
Visual Elements
TPO Bars
Horizontal bars showing time distribution at each price level
Longer bars = more time spent at that level
Color-coded to distinguish Value Area from outlying levels
Point of Control (POC)
Red line marking the price level with highest time activity
Most significant support/resistance level
Configurable line style (Solid/Dashed/Dotted) and width
Value Area High/Low (VAH/VAL)
Green and Orange lines marking the boundaries of the Value Area
Shows the price range containing the specified percentage of time activity
Optional display with customizable line styles
Single Print Detection
Identifies price levels touched by only one time block
Display options: Lines or Boxes
Purple color highlighting these significant levels
Often act as strong support/resistance in future trading
Customization Options
Time Block Configuration
Block Time : Choose timeframe for TPO counting (30min, 1H, 4H, etc.)
Allows analysis at different time granularities
Higher timeframes = broader perspective, Lower timeframes = finer detail
Visual Styling
Line Styles : Solid, Dashed, or Dotted for all line elements
Line Widths : 1-5 pixels for POC, VAH, and VAL lines
Colors : Fully customizable colors for all elements
Transparency : Adjustable transparency for better chart readability
Label Management
Show/Hide Labels : Toggle POC, VAH, VAL labels
Font Sizes : Tiny, Small, Normal, Large, Huge
Label Positioning : 8 different position options relative to lines
Offset Controls : Fine-tune label positioning
Line Extension
Level Offset Right : Controls how far lines extend
Smart extension logic:
Value ≤ 0: Infinite extension (extend.right)
Value ≥ 1: Extends exactly N bars ahead
Trading Applications
Support & Resistance
POC often acts as strong support/resistance
Value Area boundaries provide key levels
Single prints frequently become significant levels
Market Structure Analysis
Identify areas of price acceptance (thick TPO bars)
Spot areas of price rejection (thin TPO bars)
Understand where market participants are comfortable trading
Composite Profile Analysis
Create multi-day, weekly, or monthly composites instantly
Compare different composite periods without manual work
Analyze longer-term price acceptance levels
Build composites around specific events or announcements
Session Analysis
Monitor intraday session development in real-time
Compare different sessions (London, New York, Asia)
Track how profiles change throughout the trading day
Build live composites across multiple sessions
Event Analysis
Use Fixed Range mode for earnings, news events
Use Anchor mode to track price development from specific events
Compare pre/post event price acceptance levels
Create event-based composites automatically
Input Parameters
Mode Selection
Mode : Bars Back | Fixed Range | Anchor
Bars Back : Number of bars to analyze (10-500)
Start Time : Beginning time for Fixed Range and Anchor modes
End Time : Ending time for Fixed Range mode only
Analysis Configuration
Block Time : Timeframe for TPO blocks (e.g., "30" for 30-minute blocks)
TPO Levels : Number of price levels (5-200)
Value Area % : Percentage for Value Area calculation (50-95%)
Display Options
Show POC : Display Point of Control line
Show Value Area : Display Value Area box
Show VAH/VAL Lines : Display Value Area boundary lines
Show Single Prints : Display single print detection
Single Print Style : Lines or Boxes
Styling Controls
Colors : TPO, POC, Value Area, VAH, VAL, Single Print colors
Line Styles : POC, VAH, VAL line styles
Line Widths : POC, VAH, VAL line widths
Labels : Show/hide, font size, position, offset controls
Technical Details
Calculation Method
Divides the price range into equal levels based on TPO Levels setting
For each time block, determines which price levels it crosses
Adds +1 count to each crossed level
Identifies POC as the level with highest count
Calculates Value Area by expanding from POC until target percentage is reached
Performance Considerations
Historical data limited to prevent buffer overflow errors
Smart bounds checking for different timeframes
Optimized cleanup routines to prevent drawing object accumulation
Pine Script Version
Built on Pine Script v6
Uses modern Pine Script best practices
Efficient array handling and drawing object management
Best Practices
Timeframe Selection
Block Time = Chart Timeframe : Traditional TPO approach
Block Time > Chart Timeframe : Smoother, broader perspective
Block Time < Chart Timeframe : More granular, detailed analysis
Level Count Guidelines
Low levels (10-20) : Better for swing trading, major levels
High levels (50-100) : Better for scalping, precise entries
Very high levels (100+) : For very detailed analysis
Mode Selection
Bars Back : Daily analysis, recent activity
Fixed Range : Historical events, specific periods, manual composites
Anchor : Live monitoring, event-based analysis, growing composites
Composite Creation Workflow
Select Fixed Range or Anchor mode
Set your desired start time (and end time for Fixed Range)
Adjust TPO Levels for desired granularity
Enable VAH/VAL lines to see Value Area boundaries
The composite profile generates automatically with all key levels
This indicator eliminates the tedious manual process of creating composite TPO profiles in TradingView. Instead of splitting sessions and manually merging them, you get instant composite analysis with automatic Value Area calculation, POC identification, and single print detection. The combination of time-based analysis, multiple operating modes, and extensive customization options makes it a powerful tool for understanding market structure and price acceptance levels across any time period.
Dynamic Volume Clusters with Retest Signals (Zeiierman)█ Overview
The Dynamic Volume Clusters with Retest Signals indicator is designed to detect key Volume Clusters and provide Retest Signals. This tool is specifically engineered for traders looking to capitalize on volume-based trends, reversals, and key price retest points.
The indicator seamlessly combines volume analysis, dynamic cluster calculations, and retest signal logic to present a comprehensive trading framework. It adapts to market conditions, identifying clusters of volume activity and signaling when the price retests critical zones.
█ How It Works
⚪ Volume Cluster Detection
The indicator dynamically calculates volume clusters by analyzing the highest and lowest price points within a specified lookback period.
Cluster Logic:
Bright Lines (Strong Red/Green):
These indicate that the price has frequently revisited these levels, creating a dense cluster.
Such areas serve as support or resistance, where significant historical trading has occurred, often acting as barriers to price movement.
Traders should consider these levels as potential reversal zones or consolidation points.
Faded or Darker Lines:
These lines indicate areas where the price has less historical activity, suggesting weaker clustering.
These zones have less market memory and are more likely to break, supporting trend continuation and rapid price movement.
⚪ Candle Color Logic (Market Memory)
Blue Candles (High Cluster Density):
Candles turn blue when the price has revisited a particular area many times.
This signals a highly clustered zone, likely to act as a barrier, creating consolidation or range phases.
These areas indicate strong market memory, potentially rejecting price attempts to break through.
Green or Red Candles (Low Cluster Density):
Once the price breaks out of these dense clusters, the candles turn green (bullish) or red (bearish).
This suggests the price has moved into a less clustered territory, where the path forward is clearer and trends are likely to extend without immediate resistance.
⚪ Retest Signal Logic
The indicator identifies critical retest points where the price crosses a cluster boundary and then reverses. These points are essential for traders looking to catch continuation or reversal setups.
⚪ Dynamic Price Clustering
The indicator dynamically adapts the clustering logic based on price movement and volume shifts.
Uses a dynamic moving average (VPMA) to maintain adaptive cluster levels.
Integrates a Kalman Filter for smoothing, reducing noise, and improving trend clarity.
Automatically updates as new data is received, keeping the clusters relevant in real-time.
█ How to Use
⚪ Trend Following & Reversal Detection
Use Retest signals to identify potential trend continuation or reversal points.
⚪ Trading Volume Clusters and Market Memory
Identify Key Zones:
Focus on bright, saturated cluster lines (strong red or green) as they indicate high market memory, where price has spent significant time in the past.
These zones are likely to exhibit a more choppy market. Apply range or mean reversion strategies.
Spot Potential Breakouts:
Faded or darker cluster lines indicate areas of low market memory, where the price has moved quickly and spent less time.
Use these areas to identify possible trend setups, as they represent lower resistance to price movement.
⚪ Interpreting Candle Colors for Market Phases
Blue Candles (High Cluster Density):
When candles turn blue, it signals that the price has revisited this area multiple times, creating a dense cluster.
These zones often trap price movement, leading to consolidations or range phases.
Use these areas as caution zones, where price can slow down or reverse.
Green or Red Candles (Low Cluster Density):
Once the price breaks out of these clustered zones, the candles turn green (bullish) or red (bearish), indicating lower market memory.
This signals a trend initiation with less immediate resistance, ideal for momentum and breakout trades.
Use these signals to identify emerging trends and ride the momentum.
█ Settings
Range Lookback Period: Sets the number of bars for calculating the range.
Zone Width (% of Range): Determines how wide the volume clusters are relative to the calculated range.
Volume Line Colors: Customize the appearance of bullish and bearish lines.
Retest Signals: Toggle the appearance of Triangle Up/Down retest markers.
Minimum Bars for Retest: Define the minimum number of bars required before a retest is valid.
Maximum Bars for Retest: Set the maximum number of bars within which a retest can occur.
Price Cluster Period: Adjusts the sensitivity of the dynamic clustering logic.
Cluster Confirmation: Controls how tightly the clusters respond to price action.
Price Cluster Start/Peak: Sets the minimum and maximum touches required to fully form a cluster.
-----------------
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.
