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TRI - The Range Indicator by Jack Weinberg TRI - The Range Indicator by Jack Weinberg Developed by Jack Weinberg, Range indicator compares intraday range with inter-day range Intraday range is bar’s (high – low) and inter-day range is (Close – Close-1) Author had a strong belief that crossing of intraday range outside the inter-day range is an indication of end of current trend It oscillates between 0 to 100 levels Interpretation RI crossing above level 80 is a signal to exit RI below 20 is indication that a new trend is about to take charge RI is useful to filter signal given by other studies
Penunjuk Pine Script®
oleh ceyhun
Daily Range Exhaustion SignalThis tool plots the average true range distance from each bar's open, up and down, so you can tell when a bar moves by more than the average distance a day's range usually travels. It's an interesting concept, but not something I use a lot of the time. Looking at the range relative to the last bar's range, is what I normally do to find bouts of strength or weakness, and to determine if these moves have follow through or not. You may experiment with this indicator to see if it helps in your price action analysis. Usually, bigger than 1 ATR moves don't keep going for much more, unless there's some outrageous news related to the move. This idea came from a conversation with Yacine Kanoun here, and I coded it into an indicator. Credit where credit is due (right Yacine?)... Cheers, Ivan Labrie.
Penunjuk Pine Script®
oleh IvanLabrie
3
Dashboard Analytics Ranges++ [LP]Dashboard Analytics Ranges++ Professional Multi-Timeframe Range Analytics Dashboard A comprehensive statistical analysis tool designed for institutional-grade market range assessment across multiple time horizons. This indicator provides quantitative volatility measurements and predictive price level projections based on historical market behavior patterns. Use Cases Pre-session range expectation modeling Stop-loss and take-profit level optimization Volatility regime identification Multi-timeframe confluence analysis Risk-adjusted position sizing calculations
Penunjuk Pine Script®
oleh LaplacePoint
1
Open Range BreakoutOpen Range Breakout (ORB) The Open Range Breakout (ORB) is a classic intraday strategy used across stocks, indices, FX and futures. It focuses on how price behaves during the first minutes of a major session, when liquidity and volatility are highest. This indicator fully automates the ORB process with session detection, box drawing, breakout & retest logic, and final Buy/Sell signals. Multi-Session Support Choose between the three most important global opens: Asia (Tokyo) – JPY pairs, Asian indices, gold, crypto London – FX majors, European indices, strong volatility New York – US indices, USD pairs, gold, oil, highest volume The Opening Range is calculated only during the selected session. ORB Range (5 / 15 / 30 min) The indicator builds the ORB High/Low from the first X minutes of the session, draws the box, and waits for price action once the range is complete. How It Works ORB Window → High/Low of the opening minutes are recorded. Breakout → Price closes above/below the ORB → “BREAKOUT” label. Retest → Price returns to the ORB box → “RETEST” label. Confirmation Levels Freeze → Upper/lower structure set. Final Signal Close above frozen upper level → BUY Close below frozen lower level → SELL This filters out false breakouts and provides structured continuation signals. Alerts Includes built-in alert conditions for: ORB BUY Signal ORB SELL Signal Alerts trigger exactly when the Buy or Sell label appears. Works On Stocks & indices Forex Futures
Penunjuk Pine Script®
oleh ebecihalil
Trend Or Range ?Are you uncertain whether the market is trending or stuck in a range? The "Trend or Range?" indicator is here to eliminate the guesswork by providing a structured, data-driven analysis of market conditions. How It Works: This indicator doesn't rely on a single metric; instead, it analyzes five core components of market behavior to provide two actionable scores: Trend Score and Range Score. Here's how each component is calculated and integrated: 1. NATR (Normalized ATR) Purpose: Measures volatility relative to the current price. Higher values indicate active, trending markets, while lower values suggest quieter, range-bound conditions. NATR = ATR / Close ATR is the Average True Range over 14 periods (default setting). 2. ADX (Average Directional Index) Purpose: Measures the strength of the trend. A higher ADX value indicates a stronger trend. Explanation: ADX is calculated based on directional movement (+DI and -DI). It highlights the strength of the trend, regardless of direction. 3. Slope Purpose: Tracks the rate of change in price over a fixed period (14 by default) to identify momentum strength. A steeper slope indicates stronger trends. Slope = abs((Close - Close ) / 14) This measures the absolute price change over 14 bars, normalized by time. 4. RSI Stability Purpose: Measures the consistency of the RSI (Relative Strength Index) over time, highlighting mean-reverting behavior. RSI Stability = stdev(RSI, 14) This calculates the standard deviation of RSI values over 14 periods. 5. Deviation Index Purpose: Quantifies the price's deviation from its 14-period simple moving average (SMA). This highlights overextension, which is common in range-bound markets. Deviation Index = (Close - SMA(14)) / SMA(14) Positive values indicate price above the SMA, while negative values show it below. Scoring System Trend Score Calculation The Trend Score is a weighted sum of metrics that favor trending markets: 30% NATR: High volatility is a hallmark of trends. 30% ADX: A proven measure of trend strength. 40% Slope: Directly measures momentum. Trend Score = (0.3 * NATR) + (0.3 * ADX) + (0.4 * Slope) Range Score Calculation The Range Score emphasizes mean-reverting behavior: 40% RSI Stability: Captures consistent RSI values common in ranges. 40% Inverse NATR: Low volatility favors range-bound markets. 20% Deviation Index: Measures overextension from the mean. Range Score = (0.4 * RSI Stability) + (0.4 * (1 / NATR)) + (0.2 * Deviation Index) What You See on the Chart Table Display: A user-friendly table appears on the chart, showing: Real-time values of all five metrics. Calculated Trend and Range Scores. Color-coded signals: Green for dominant Trend Score. Red for dominant Range Score. Data Plots: Each metric is plotted in the data window for further analysis.
Penunjuk Pine Script®
oleh cyatophilum
2
Cuban's Range Reclaim [CE]Cuban's Range Reclaim is an indicator that minimizes the time that traders need to spend manually adjusting the range extremes and identifying range deviations. By tracking the previous levels of the range, the indicator then signals to the trader when price trades back below that level, and assigns a 'Range High' or 'Range Low' print to the deviation. When there is a potential break in the trend, the indicator also prints a 'Pivot' label. Among other features, the indicator tracks the midline of the range excluding the deviations, giving a far more accurate trend line with less signal noise than regular donchian channels. There is also the option to view dynamic supply and demand within the channel, plus midlines for the supply and demand, and for a regular channel. Within the user inputs, the indicator also allows the user to adjust the following: Source input for range level confirmations Period for range lookback Supply and demand sensitivity TO DO: Allow for color changes within the Style menu
Penunjuk Pine Script®
oleh cubantobacco
4
TPRC - Time-based Price Range Channel [Free]You define a time range (hours and minutes) and based on this, the indicator draws the price range (high / low) as a channel in your chart - projected into the future and, if desired, also for past days. You are completely free to choose the time range and NOT limited to trading sessions. In addition, further lines are drawn below / above the price range channel at a distance that you can define (based on the price range). These lines can serve as target levels, support and resistance lines. What functions does this free version of the indicator offer? Selection of the time range for which a price range is to be determined and based on this a price range channel is to be created Display of 3 additional lines above / below the price range channel Distance between the lines: height of the price range Display of the price range channels for the past 3 days as well as for the current day. Lines are shown in gray For the past days, only those lines are displayed that are required due to the distance to the price. This will make your chart cleaner. (Details about the premium version can be found on TradingView: ) How can this indicator be used? The time-based price range channel and the additional lines can serve as support and resistance lines. Whether you are enthusiastic about scalping, swing trading or another type of trading,… “TPRC - Time-based Price Range Channel” could therefore support you. Try it out. I want to invite you to experiment and thereby adapt “TPRC” to your own way of trading. Due to the free choice with regard to the time span, for example “opening range (break-out)” strategies and the like are conceivable. Much has been written or published as a video on the subjects of "Price Range Trading", "Range Trading", "Opening Range Breakout Trading" and the like. Research on this is recommended to every interested trader. I would be happy to provide a list of interesting articles on this topic - just send me a short message. Due to the implementation and the functions, the focus is definitely on intraday trading strategies. For which timeframe is this indicator intended? This indicator was developed for Chart Time Intervals between 1 and 120 minutes, whereby the following Chart Time Intervals have proven themselves and successfully withstand tests: 1, 2, 5, 10, 15, 30, 60, 90 What do I need to consider? It may be advisable to add further indicators and an analysis of the market structure in order to confirm the signals issued by the indicator. Please note that when you make adjustments to any strategy, you always carry out particularly detailed tests. Will this indicator be further developed and will I receive free updates? All my indicators are of course constantly updated and, if possible and with the aim of the indicator justifiable, supplemented by user requests. An example of the use of this indicator (here with the premium version) #revision: dv699
Penunjuk Pine Script®
oleh consilus
6
Michigandolf's 30min Opening RangeThis script plots the 30min Opening Range as well as the previous day's high & low. Description: Blue Line = Top of the 30min Opening Range for the session Pink Line = Bottom of the 30min Opening Range for the session White Line = Mid-Point of the 30min Opening Range for the session White Transparent Area = The full range of the 30min Opening Range Green Line = Yesterday's High for the session Red Line = Yesterday's Low for the session Use: The Opening Range will continue to expand until the first 30minutes of trading has passed, at which point the range will lock in place for the remainder of the trading session. Many traders use these important levels to gauge trade entries and exits (e.g. Mark Fisher's ACD strategy). This script does not work currently work for futures (e.g. ES, NQ, RTY) due to the session start time. Will configure for futures trading in a future update.
Penunjuk Pine Script®
oleh Michigandolf
32
User-Inputed Time Range & FibsGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called User-Inputed Time Range & Fibs. The idea behind this script is to record the Range Highs and Lows of a User Defined Period, and plot potential Targets based on either Fibonacci Extensions or a Multiple of the Range Size. I created this originally for use with the US Session Initial Balance(From 9:30-10:30AM EST), however it can be set to any time period. What is Initial Balance? In simple words, Initial Balance (IB) is the price data, which are formed during the first hour of a trading session. Activity of traders forms the so-called Initial Balance at this time. This concept was introduced for the first time by Peter Steidlmayer when he presented the market profile to traders(atas.net). The IB is monitored as a break-out area for Range Extension traders. The IB High is also seen as an area of resistance and the IB Low as an area of support until it is broken(www.mypivots.com). As a note, depending on the Time Zone you are in, you may need to manually add or subtract from the Timed Range to match the desired Time. For example in NY Eastern Time, I have to use 8:30-9:30AM to Capture the 9:30-10-30AM IB for ES and NQ. Similarly, I must use 14:30-15:30PM to Capture the 9:30-10-30AM IB for BTC. You will need to make adjustments based on the Time Zone you are located in. I wanted to give a Special Thanks to @PineCoders for the Custom Rounding Function from Backtesting/Trading Engine--> (), Pinecoders.com for help with Tracking the Highs/Lows--> (www.pinecoders.com), and @TradeChartist for allowing me to use some of the code for the Fibonacci Extensions from his script here--> (). If you like User-Inputed Time Range & Fibs, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
Penunjuk Pine Script®
oleh DrCatherineHalsey
13
BERLIN Renegade - Baseline & RangeThis is the baseline and range candles part of a larger algorithm called the "BERLIN Renegade". It is based on the NNFX way of trading, with some modifications. The baseline is used for price crossover signals, and consists of the LSMA. When price is below the baseline, the background turns red, and when it is above the baseline, the background turns green. It also includes a modified version of the Range Identifier by LazyBear. This version calculates the same, but draws differently. It remove the baseline signal color if the Range Identifier signals there is a possible trading range forming. The main way of identifying ranges is using the BERLIN Range Index. A panel version of this indicator is included in another part of the algorithm, but the bar color version is included here, to make the ranges even more visible and easier to avoid.
Penunjuk Pine Script®
oleh lejmer
8
Dotenslayer : An open range breakouts method indicator for botThis script shows the long and short points of certain Japanese bots like 'DotenKun' which use open range breakouts method. Searching recent 18 bars as default and shows the range calculated with a factor (default k = 1.6). You can edit this condition by yourself. When filled the long or short conditions, also shows the indicator on the price chart to help your trading on BTC. Also, this script can make alarm events related to those conditions. This script only works for BTCUSD, XBTUSD, BTCJPY, FXBTCJPY with 1H time span. Disclaimer : I don't own the source code of the certain bots and I didn't directly reference the source code of it. So which means, I don't guarantee this script works as same as the bots works. Also, I didn't mean to disturb their trading bot businesses. Your donations are welcome! : BTC : 327MqYGfHJFC7LRijGwQZXdTAyFwvYCzyv ETH : 0x5E270c3667E65ba6158D292a98c5b54F81AfCAf1
Penunjuk Pine Script®
oleh yosshibox
1
Breakout Open Range (ORB) v3.3This is an advanced version of the classic Open Range Breakout (ORB) strategy, designed for precision and ease of use. It automatically identifies the initial volatility range of a trading session (e.g., London or New York Open) and projects clear Breakout and Take Profit levels. v3.3 Update: Optimized for a cleaner chart and easier configuration. KEY FEATURES: 1. User-Friendly Time Input: No more typing complicated session strings! Now you can simply select the Start Hour/Minute and End Hour/Minute using easy number fields in the settings. 2. Clean Chart Logic (New): The indicator now automatically resets all lines at the start of a new day. The chart remains completely empty until your defined start time (e.g., 15:30), preventing old levels from cluttering the pre-market view. 3. 1:1 Take Profit: Automatically calculates and plots a Take Profit level based on a 1:1 Risk/Reward ratio relative to the range size. *Note:* TP lines appear only AFTER the range formation is complete to maintain visual clarity. 4. Dynamic Price Labels: Displays exact price levels on the right side of the chart for: - Entry (Long/Short) - Stop Loss positions - Take Profit targets - Total Range Size HOW IT WORKS: 1. Define your Open Range time in the settings (e.g., 15:30 to 16:15). 2. The script draws the High and Low of this period. 3. Wait for a candle to close outside the range: - Breakout Above = Long Signal (Target: Blue Upper Line) - Breakout Below = Short Signal (Target: Blue Lower Line) SETTINGS: - Timezone & Session Hours (simple number inputs) - Toggle visibility for Lines, Background, TP, and Labels - Fully customizable colors Perfect for day traders looking for an objective, automated way to trade the opening bell volatility.
Penunjuk Pine Script®
oleh adgo
Atlantean Sideways / Range Regime DetectorPurpose When using trend based indicators, you can skip the false signals when there is a sideways action, protecting you from the false signals. Flags likely sideways/range phases using three checks: Weak trend (ADX from DMI) Price compression (Bollinger Band Width, normalized) Low volatility (NATR = ATR/Price%) Logic isSideways = (ADX < adxThresh) AND (bbNorm < 0.25) AND (NATR < natrMax) When true: bars + background turn teal and a provisional Range High/Low (rolling rangeWin) is drawn. Key Inputs DMI: diLen(22) Optimized for 15 mins Bitcoin, could change it to 14 for more general approach ADX: adxSmooth(14), adxThresh(18) Volatility: lenATR(14), natrMax(1.8) Visuals: rangeWin(20), bar/range toggles Quick Tuning More signals: raise adxThresh to 20–25, raise natrMax to 2.5–4.0, increase BB cutoff by editing bbNorm < 0.25 --> 0.35–0.50. Smoother range lines: increase rangeWin to 30–40. Use Cases Mean reversion inside teal ranges. Breakout prep when price closes outside the drawn range after teal ends. Could be used as a signal although not suggested. Filter trend systems: skip trades when sidewaysCond is true. This is the main purpose, for it to be combined with trend based indicators, like Supertrend. Alert “Sideways Detected” triggers when isSideways is true. Script could be expanded upon your requests.
Penunjuk Pine Script®
oleh Atlantean_Trade
Multi Ranges Volume Distribution [LuxAlgo]The Multi Ranges Volume Distribution tool allows traders to see the volume distribution by price for three different timeframes simultaneously. Each distribution can report the total amount of accumulated volume or the accumulated buy/sell volume separately. Levels are displayed at the top and bottom of each timeframe's range, as well as the POC or level with the most volume. 🔶 USAGE By default, the tool displays daily, weekly, and monthly volume distributions, highlighting the accumulated volume within each row. Each distribution shows the volume at each price, as well as three lines: the top and bottom prices, and the price at which the most volume was traded. The reported accumulated volume can be useful for highlighting which price areas are of the most interest to traders, with the specific timeframe specifying whether this interest is long-term or short-term. 🔹 Timeframes & Rows Traders can adjust the timeframe and the number of rows for each volume distribution. This is useful for multi-timeframe analysis of volume at the same price levels, or for obtaining detailed data within the same timeframe. The chart above shows three volume distributions with the same monthly timeframe but a different number of rows; each is more detailed than the previous one. 🔹 Total vs Buy & Sell Volume Traders can choose to display either the total volume or the buy and sell volumes. As we can see on the above chart, the background of each row uses a gradient that is a function of the delta between the buy and sell volumes. This is useful to determine which areas attract buyers and sellers. 🔶 SETTINGS Volume Display: Select between total volume and buy and sell volume. Distance between each box: Adjust the spacing of the volume distributions. Period A: Select a timeframe and the number of rows. Period B: Select a timeframe and the number of rows. Period C: Select a timeframe and the number of rows.
Penunjuk Pine Script®
oleh LuxAlgo
6
Standard Deviation Range with Box (NY Session Timeframe) --- Standard Deviation Range with Box (NY Session Timeframe) This TradingView script is designed to help traders visualize a **price range** along with **standard deviations** during the **New York session (GMT-5)**. It provides key insights into market movements and standard deviation levels, all while offering graphical representations for easy analysis. #### **Key Features**: *⏰ Customizable Time Range**: - Define a **start** and **end time** for the price range during the New York session (default: 09:40 to 09:50 GMT-5). - The script automatically converts the specified time into New York timezone timestamps. **📦 Price Range Box**: - Draws a **dynamic box** to capture the **highest** and **lowest** prices during the defined timeframe. - The box automatically updates as the highest and lowest prices change during the session. **📏 Standard Deviations**: - Calculates **standard deviation levels** (e.g., -1.5, 2, 2.5, -2, -1) based on the session's high-low range. - Plots **horizontal lines** to represent these standard deviations, allowing for quick visual analysis of price volatility. **🎨 Graphical Customization**: - Customize the **box color**, **background color**, and **line styles** to match your chart’s aesthetics. - The standard deviation lines are also customizable in terms of color and style for optimal visual clarity. **💬 Watermark and Information Overlay**: - Displays a **quote watermark** on the chart. The default quote is: "Patience is the price of the best opportunities." - Provides real-time **symbol information** (ticker, timeframe, date) for context while analyzing the chart. **🔄 Dynamic Updates**: - Continuously updates the **highest** and **lowest** prices during the selected session. - The box and deviation lines are automatically redrawn with each new bar during the session. **Use Case**: Ideal for traders who want to analyze **price movements** and **volatility** within a specific New York session window. It offers a clear view of the market’s historical range and current volatility, helping traders make data-driven decisions. #### **How It Works**: **Set the Time Range** ⏱️: Choose your start and end time for the New York session price range. **Observe the Box** 📦: View the box showing the high/low price range for the session. . **Check Standard Deviations** 📉: Monitor how the price relates to various standard deviation levels (plotted as horizontal lines). **Watch Watermark & Info** 🧑‍💻: View your selected symbol’s **ticker**, **timeframe**, and **date** on the chart.
Penunjuk Pine Script®
oleh anarkiacapital
Adaptive Range Scalper - KetBotAIThe Adaptive Scalper is designed to dynamically adjust entry, take-profit (TP), and stop-loss (SL) levels based on the latest market price. It combines multiple tools to provide traders with actionable insights, suitable for a range of trading styles and timeframes. How the Indicator Works Dynamic Levels: - Yellow Dotted Line: Represents the entry level, following the latest price dynamically. - Green Line: The Take Profit (TP) level, calculated as a multiple of the current price, adapts in real-time. - Red Line: The Stop Loss (SL) level, placed below the price and also dynamically adjusts. Bollinger Bands: Provides context for market volatility and potential overbought/oversold zones. Narrowing bands signal consolidation, while expanding bands indicate increased volatility. Buy and Sell Signals: Buy Signal: Triggered when the price crosses above the lower Bollinger Band. Sell Signal: Triggered when the price crosses below the upper Bollinger Band. These signals help traders time entries and exits based on momentum shifts. Risk/Reward Analysis: Visual shading shows the favorable risk/reward zone between the stop loss and take profit levels. Timeframe Suggestions Short-Term Traders (Scalping): Use on 5-minute to 15-minute charts. Focus on high-volatility periods for quick entries and exits. Intraday Traders: Ideal for 30-minute to 1-hour charts. Provides more stable signals and less noise. Swing Traders: Best suited for 4-hour or daily charts. Captures broader trends with fewer signals, allowing for larger moves. Tool Combination Volume Profile: Combine with volume-based tools to confirm key support/resistance zones around TP and SL levels. Trend Indicators: Use with Moving Averages (e.g., 20-period or 50-period) to identify the broader trend direction. Example: Only take buy signals in an uptrend and sell signals in a downtrend. Momentum Oscillators: Pair with tools like RSI or MACD to avoid entering overbought/oversold conditions. Support/Resistance Lines: Manually mark significant levels to confirm alignment with the indicator’s TP and SL zones. Useful Advice for Traders Risk Management: - Always assess the risk/reward ratio; aim for at least 1:2 (risking 1 to gain 2). - Adjust the multiplier to match your trading style (e.g., higher multiplier for swing trades, lower for scalping). Avoid Overtrading: Use the indicator in conjunction with clear rules to avoid false signals during low-volatility periods. Monitor market volatility: Pay attention to narrowing Bollinger Bands, which signal consolidations. Avoid trading until a breakout occurs. Test on Demo Accounts: Practice using the indicator on a demo account to understand its behavior across different assets and timeframes. Focus on High-Liquidity Markets: For the best results, trade highly liquid instruments like major currency pairs, gold, or stock indices. Summary The Adaptive Range Indicator dynamically adjusts to market conditions, offering clear entry and exit levels. By combining it with Bollinger Bands and other tools, traders can better navigate market trends and avoid noise. It’s versatile across multiple timeframes and assets, making it a valuable addition to any trader’s toolkit.
Penunjuk Pine Script®
oleh KetBotAI
Katalyst's Opening Range BreakoutKatalyst's Opening Range Breakout + No Trade Zone 📜 Overview: This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease. --- 🎯 Key Features: 1. **Customizable Opening Range**: - Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**. - The indicator calculates and plots the **high** and **low** of the selected opening range. 2. **Dynamic Line Styling**: - Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**. - Lines extend to the right of the chart for clarity. 3. **No Trade Zone** *(Optional / Disabled by default)*: - When enabled, fills the area between the high and low lines with a customizable **color and transparency**. - Helps visually identify consolidation areas where trading might be avoided. 4. **Labels for Precision**: - Clearly displays the **Opening Range High** and **Low** values. - Labels are color-coded and positioned dynamically for easy interpretation. 5. **Clean and Efficient Updates**: - The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart. --- ⚙️ How to Use: 1. **Select Your Timeframe**: - From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m. 2. **Customize the Visuals**: - Adjust line color, style, and transparency. - Enable the **No Trade Zone** for a transparent background fill between the high and low lines. 3. **Interpret the Breakout**: - Watch for price movements above or below the **opening range** to identify potential breakout opportunities. --- 🛠 Settings: Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m). Line Color: Set the color of the range lines. Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible). Line Style: Choose line style: Solid, Dashed, or Dotted. Label Colors: Customize the label colors for the high and low values. Enable No Trade Zone: Fill the area between high and low lines with a transparent color. No Trade Zone Color: Set the fill color for the no trade zone. No Trade Zone Transparency: Adjust the transparency of the no trade zone fill. --- 📈 Ideal For Day traders and scalpers looking to trade **breakouts**. Traders who want to identify areas of consolidation visually. Anyone who relies on the **opening range** for their trading strategy. --- 🔍 Example Usage: Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill. Watch for price to break above or below the high/low lines to signal potential trade opportunities. --- ✨ Why Use This Indicator? This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades. --- Let me know if you need any additional tweaks or clarifications for this description. It's all set to help traders understand and use your powerful script! 🚀📈
Penunjuk Pine Script®
oleh TheKatalyst
15
Monday range by MatboomThe "Monday Range" Pine Script indicator calculates and displays the lowest and highest prices during a specified trading session, focusing on Mondays. Users can configure the trading session parameters, such as start and end times and time zone. The indicator visually highlights the session range on the chart by plotting the session low and high prices and applying a background color within the session period. The customizable days of the week checkboxes allow users to choose which days the indicator should consider for analysis. Session Configuration: session = input.session("0000-0000", title="Trading Session") timeZone = input.string("UTC", title="Time Zone") monSession = input.bool(true, title="Mon ", group="Trading Session", inline="d1") tueSession = input.bool(true, title="Tue ", group="Trading Session", inline="d1") Users can configure the trading session start and end times and the time zone. Checkboxes for Monday (monSession) and Tuesday (tueSession) sessions are provided. SessionLow and SessionHigh Functions: SessionLow(sessionTime, sessionTimeZone=syminfo.timezone) => ... SessionHigh(sessionTime, sessionTimeZone=syminfo.timezone) => ... Custom functions to calculate the lowest (SessionLow) and highest (SessionHigh) prices during a specified trading session. InSession Function: InSession(sessionTimes, sessionTimeZone=syminfo.timezone) => ... Determines if the current bar is inside the specified trading session. Days of Week String and Session String: sessionDays = "" if monSession sessionDays += "2" if tueSession sessionDays += "3" tradingSession = session + ":" + sessionDays Constructs a string representing the selected days of the week for the session. Fetch Session Low and High: sessLow = SessionLow(tradingSession, timeZone) sessHigh = SessionHigh(tradingSession, timeZone) Calls the custom functions to obtain the session low and high prices. Plot Session Low and High and Background Color for Session plot(sessLow, color=color.red, title="Session Low") plot(sessHigh, color=color.red, title="Session Low") bgcolor(InSession(tradingSession, timeZone) ? color.new(color.aqua, 90) : na)
Penunjuk Pine Script®
oleh Matboom
Apeiron Jail RangeThe Apeiron Jail Range is an experimental use of proprietary standard deviation calculations. It calculates price standard deviations based of previous data & a MA, which it applies and anchors to an automatically (can also be done manually) selected TF open. Finally, the standard deviation bands are plotted and create a "Jail" range with up to 12 levels (6 above and 6 below) that can potentially work as support and resistance during the TF period anchor time. The indicator is meant to help traders identify potential support and resistance levels which can then be used in confluence with other indicators and strategies. It can also be potentially used for testing automation strategies such as grid trading. The anchor time and the lenght of the MA used for the calculation can be manually or automatically selected. The example shown uses the same indicator twice to show all levels from 0.5 - 1 - 1.5 ... 5.5 - 6
Penunjuk Pine Script®
oleh In_Finito_