friksa

Auction Theory Price Levels

friksa Updated   
Knowing the levels where price might find support or resistance is critical in trading. These are the levels where buyer or sellers previously showed up.

A bull trend is recognized by higher highs and higher lows on a daily or weekly chart whereas a bear trend is recognized by lower highs and lower lows. Knowing where these daily and weekly levels are will help to expect when and where a bounce or rejection might occur. Alternatively a break of these levels might hint at a change in trend. As they say, never get bullish at the top or bearish at the bottom until the level is broken and held.

This indicator adds these critical levels to the chart and let you hide the ones that are not important to your style of trading (all times are in US Eastern)
- pre-market (4am to 9:30am): low, high, mid
- previous day; low, high, close
- previous week: low, high
- current week: high, low
- initial balance (9:30am to 10:30am): low, high
- current session: open, low, high, mid

If you like the indicator, please like and share!

Thank you!
Release Notes:
Open Range Timeframe is now selectable
Release Notes:
Minor fix
Release Notes:
VWAPs
Release Notes:
option to change VWAP color
Release Notes:
Fix for p_Close when using RTH
Release Notes:
Preset to optimize for use with Trend Trader Indicator
Release Notes:
Previous Close fix for all time charts
Release Notes:
Default value change
Release Notes:
- RTH Open fixed for SPX
Release Notes:
- Fixed multi-day VWAPs
- Option to fill Open Range area
Release Notes:
- Multi-day VWAP fixed
Release Notes:
Ignore 8am candle for pre-market levels as it noisy
Release Notes:
Fixed previous day values
Release Notes:
Use 2-day vwap with Trend Trader
Release Notes:
VWAP label fix when disabled
Release Notes:
minor update
Release Notes:
Golden Zone Fibonacci levels shown while inside opening range
Release Notes:
Minor fix
Release Notes:
Turn on Open Range Fibs
Release Notes:
Daily ATR levels for CALL / PUT triggers
- credit for the idea goes to @satymahajan
Release Notes:
Auto Golden Zone works better for screen shots.
Release Notes:
Mark lower / higher highs / lows
Release Notes:
Support and resistance levels
Release Notes:
Option to disable HHLL prices
Release Notes:
optimized HHLL code
Release Notes:
9,20,200 EMAs added
Release Notes:
EMA timeframe selection
Release Notes:
EMA timeframes updated
Release Notes:
Overnight values are useful for futures
Release Notes:
regression fix
Release Notes:
Ignore noisy candles from 8am to 8:04am
Release Notes:
Tweezer Top / Bottom markers
Release Notes:
- Option to show all tweezer regardless of trend direction
- Fixed previous day levels for futures
Release Notes:
Tweezer candles open / close need to be within 3 ticks of each other
Release Notes:
Fixed HTF EMA to be more accurate
Release Notes:
Cleaner when used with Trend Trader (checkbox)
Release Notes:
General cleanup
Release Notes:
Tweezer top/bottom hidden below 5-min chart
Release Notes:
Option for All Tweezers on small candles too
Release Notes:
Alarm name fixed for Tweezers
Release Notes:
Option to not show HHLL lines
Release Notes:
EMAs now use Close instead of HLC3 as source
Release Notes:
Hourly 50ema and 200ema plotted when "Use with TrendTrader" selected
Release Notes:
Tweezer alarm on candle close
Release Notes:
Fixed IB on futures; it was painted until midnight
Release Notes:
Mark London Open
Release Notes:
London Open Range
Release Notes:
London Hi/Lo for futures
Release Notes:
Minor fix
Release Notes:
London Open now uses Plot instead of Line so that it is user customizable
Release Notes:
Simplified
Release Notes:
Fix for London Hi / Lo values
Release Notes:
remove debugging
Release Notes:
Tweak to Tweezers
Release Notes:
Alert when VWAP and 2-day VWAP cross
Release Notes:
Calculation error fix
Release Notes:
Removed alerts so that you can use TV custom alert config
Release Notes:
Fix SPX previous day values
Release Notes:
8am noise not filtered for futures
Release Notes:
Fix premarket
Release Notes:
Re-fix :)
Release Notes:
EMA4 added

Default EMAs:
9,20,50,200
Release Notes:
Alerts for Tweezer, HHLL and VWAP crossing 2-day VWAP
Release Notes:
More robust
Release Notes:
Less messy chart
Release Notes:
Asia Levels
Release Notes:
Bull / Bear Candle by Candle Control
Release Notes:
Asia Open Range fix
Release Notes:
Daily levels using plots again
Release Notes:
Asia levels until close
Release Notes:
Asian levels fix
Release Notes:
Fixed Typo
Release Notes:
Better chart example
Release Notes:
Fix for previous week's close that was delayed by 1 candle
Release Notes:
Remove dev test code
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?