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ADR

XRS Market Conditions DashboardXRS Market Conditions Dashboard is a compact on-chart dashboard designed to help traders quickly assess current market conditions without cluttering the chart. This tool displays several key market-read metrics in one simple table: • ADR – Shows the current daily range compared to the average daily range using a locked 1D calculation. • Chop Risk – Combines ADX, efficiency ratio, structure agreement, and ATR compression into a simple chop-risk score. • ADX Strength – Measures trend strength and highlights stronger trend environments. • ATR Range – Displays current ATR in points. • Delta Bias – Estimates candle-position-based directional pressure. • Volume Flow – Compares current volume against recent average volume and percentile ranking. The dashboard is intended to help identify whether the market is trending, compressed, extended, volatile, or potentially choppy. It can be used as a quick confluence tool alongside price action, VWAP, liquidity levels, session highs/lows, and other auction-market concepts. Settings are customizable, including dashboard position, font size, opacity, ADR lookback, ADX thresholds, ATR settings, volume thresholds, and chop-score structure inputs. This indicator does not generate buy or sell signals. It is intended for market context, trade filtering, and discretionary analysis only. Disclaimer: This script is for educational and informational purposes only and does not constitute financial advice. Trading involves risk. Use at your own discretion.
Pine Script® indicator
by xrstrading
ADR percentage Completion Table Real-Time Daily Range Tracker ET📊 ADR % Completion Table Track how much of the Average Daily Range (ADR) has been consumed in real time — works correctly on every timeframe from 1 minute to weekly. ───────────────────────────────── 🔍 WHAT IT DOES ───────────────────────────────── This indicator calculates the 14-day Average Daily Range and compares it to the current day's high-to-low range, showing you exactly what percentage of the ADR has been reached so far today. The daily session resets at 00:00 UTC-4 (New York midnight), making it ideal for forex, indices, and US equity traders. ───────────────────────────────── 📋 TABLE DISPLAY ───────────────────────────────── - ADR (14d) — the average daily range over the last 14 completed days - Day High / Day Low — intraday extremes since session open (00:00 UTC-4) - Today Range — current high-to-low range in price points - ADR % — percentage of ADR consumed (color-coded) - Remaining — how many points are left to complete the ADR ───────────────────────────────── 🎨 COLOR CODING ───────────────────────────────── 🔘 Grey → 0–49% (early in the day) 🔵 Blue → 50–74% (halfway through) 🟠 Orange → 75–99% (nearing completion) 🟢 Green → 100%+ (ADR fully reached) ───────────────────────────────── ⚙️ SETTINGS ───────────────────────────────── - ADR Lookback — customize the number of days (default: 14) - Table Position — 8 placement options - Text Size — Tiny to Huge - Show/hide Day High & Low lines on the chart ───────────────────────────────── ✅ KEY FEATURES ───────────────────────────────── ✔ Timeframe-independent — ADR value is identical on 1m, 15m, 1h, 4h, and daily charts ✔ Session-accurate — day range always starts at 00:00 UTC-4 regardless of chart timezone ✔ Clean overlay table — no clutter, just the numbers that matter ✔ Works on all instruments — forex pairs, indices, stocks, futures, crypto ───────────────────────────────── 💡 HOW TO USE IT ───────────────────────────────── When ADR % is low (grey/blue) early in the session, the market still has room to move. When it reaches orange or green, price has covered most or all of its expected daily range — useful for managing targets, avoiding late entries, and timing exits. Best used alongside your existing strategy as a context filter, not a standalone signal.
Pine Script® indicator
by bachetodolniq
ICT ADR Levels - Judas x Daily RangeThis indicator provides a clean and flexible way to monitor Average Daily Range (ADR) with two distinct calculation modes, along with visual levels and a detailed historical table. Calculation Modes - Classic Mode: Uses the standard daily candle range (high minus low of regular daily bars). This is the traditional daily range calculation. - Midnight Mode: Calculates the daily range from midnight to midnight in America/New_York time. This provides a true calendar-day range independent of session opens. You can switch between the two modes instantly using the dropdown in the settings. All table values, percentages, and 80% ADR levels update dynamically based on the selected mode. The indicator plots the following levels from a session anchor point: - Full ADR (above and below) - 1/3 ADR (Judas levels) - 80% ADR measured from the current daily high and low (two lines) - user selectable % All lines are dynamically managed to avoid duplication and update cleanly as new sessions begin. Labels on the right side display price levels and can be toggled on or off. Historical Table A customizable table displays the following information for the selected number of days: - Day or Date (user selectable) - 5-Day ADR value for each historical day - 80% of that day's 5-Day ADR - Actual daily Range - Percentage of the 5-Day ADR reached that day The current/live row shows Today's Range compared against the active 5-Day ADR, including the percentage reached and the 80% target level. The table supports multiple sizes and positions. Key Features - Toggle between Classic and Midnight ADR calculations - 80% ADR levels drawn from daily high and low - Clean, non-duplicating horizontal lines and labels - Historical data table with day/date, ADR, 80% ADR, Range, and percentage columns - Adjustable styling, colors, text size, and visibility for all elements - Option to plot levels from a session anchor or current price This tool is designed for traders who want precise ADR-based levels with the flexibility to choose between standard daily ranges and strict midnight-to-midnight calculations.
Pine Script® indicator
by MadMonkTrading
1
Auto Range / Lateral Consolidation Box DetectorAuto Range / Lateral Consolidation Box Detector Overview The Auto Range / Lateral Consolidation Box Detector is designed to automatically identify and draw price ranges where a stock is moving sideways after a prior advance. Instead of manually drawing rectangle boxes around consolidation areas, this indicator detects them objectively using price containment, range width, prior trend movement, ADR, moving-average structure, and optional volume/RSI filters. The purpose is to help traders identify: lateral consolidations tight launch shelves continuation bases range breakouts failed ranges breakout/retest zones early momentum continuation structures This tool is especially useful for traders who look for stocks that have already shown strength, pause in a controlled range, and then attempt to continue higher. Core Concept Many strong momentum moves do not happen randomly. They often follow a repeatable structure: Prior advance → sideways range → breakout → continuation This indicator attempts to locate that sideways range automatically. The blue dashed boxes show detected consolidation zones. When price breaks above a completed range, the indicator can mark the breakout and preserve the prior box so the trader can review the structure historically. The goal is not to predict breakouts blindly. The goal is to make range structure easier to detect, measure, and trade with defined risk. What the Indicator Detects The indicator identifies two main types of structures: 1. Standard Rectangle Range This is a broader lateral consolidation that usually forms over a larger number of candles. It is useful for detecting: multi-week consolidations continuation bases sideways digestion after an advance breakout/retest setups controlled pullbacks above moving averages A standard rectangle is best used when price has already advanced and then begins moving sideways in a defined box. 2. Tight Launch Shelf This is a shorter, tighter range that often forms just before a momentum expansion. It is useful for detecting: short pauses near highs high-tight continuation shelves pre-breakout compression momentum names that do not build long bases stocks that pause briefly before expanding again This feature was added because some of the strongest stocks do not consolidate for weeks. They may only pause for several sessions before breaking out. How the Boxes Work The indicator measures the range using completed prior candles only. This is important because the breakout candle itself should not distort the range. For example, if a stock breaks out above a tight rectangle, the breakout candle may be much larger than the range. If the script included that candle in the box calculation, it would make the range look wider than it actually was. This script avoids that issue by asking: “Before the current breakout candle, was there a valid sideways range?” That allows the indicator to draw the actual consolidation area more accurately. Visual Guide Visual ElementMeaningBlue dashed boxDetected standard rectangle rangePurple dashed boxDetected tight launch shelfUpper box lineRange resistance / breakout levelLower box lineRange support / invalidation referenceMidlineInternal range midpointBO markerBreakout above range with volumeBO? markerPrice breakout without volume confirmationFAIL markerBreakdown below rangeScore labelShows range quality, width, ADR, prior move, and containment How I Use It in My Strategy This indicator fits into a continuation-style trading strategy built around strength, structure, and timing. The process is: 1. Find a stock with prior strength I want to see that the stock has already proven demand. That may include: strong prior advance relative strength versus the market rising moving averages reclaim or hold above the 200 SMA improving volume profile strong sector or theme participation recent earnings, catalyst, or institutional attention The indicator is not used to find random sideways stocks. It is used to find sideways ranges after strength has already appeared. 2. Let the stock build a range Once a stock has moved, I want to see whether it can hold gains. A clean range tells me: buyers are defending higher prices sellers are not fully taking control price is digesting instead of collapsing moving averages may be catching up risk can be defined around the box This is where the auto box becomes useful. Instead of manually drawing every range, the indicator highlights areas where price is compressing or consolidating. 3. Use the box for trade planning The box gives me three major trade locations: Trade LocationUse CaseRange lowSupport-defense entryRange highBreakout triggerBreakout retestPreferred continuation entry I generally do not want to enter randomly in the middle of the box unless I have another strong reason. The best trades usually come from: range-low defense, breakout through range high, or breakout followed by a retest that holds. 4. Confirm with other tools This indicator identifies structure, but it is not a standalone buy signal. Before taking a trade, I still want confirmation from: relative strength catalyst/news/earnings context sector/theme strength ADR/movement potential volume expansion VWAP/AVWAP location volume profile levels option-chain liquidity if using options broader market regime The box tells me where the trade may be forming. The rest of the process tells me whether it deserves capital. How Other Traders Can Use It This indicator can be adapted to several trading styles. Momentum Traders Momentum traders can use it to identify stocks that are pausing after a strong move and preparing for another push. Best use: breakout above range high breakout with volume tight launch shelf breakouts high-relative-volume names strong sector/theme participation Swing Traders Swing traders can use it to locate multi-day or multi-week continuation bases. Best use: buy breakout/retest enter near range support with defined risk use the box low as invalidation use the box height for measured-move targets combine with daily/weekly trend structure Breakout Traders Breakout traders can use the box high as an objective breakout level. Best use: price closes above the range high volume expands above average range is not too wide stock is above key moving averages market regime supports continuation Mean-Reversion Traders Mean-reversion traders can use the range boundaries in the opposite way. Best use: fade weak breakouts back into the range buy range low if buyers defend sell/avoid failed range highs use the midpoint as a decision level Position Traders Position traders can use detected boxes as add zones during a larger trend. Best use: add after a valid base forms above rising moving averages trail risk below higher base lows identify where trend continuation is being accepted avoid adding after emotional vertical moves without digestion Input Settings Explained Standard Rectangle Bars Controls how many prior candles are used to detect a normal consolidation box. Higher values detect longer bases. Lower values detect shorter ranges. Suggested use: StyleSettingFast momentum8–12Swing trading12–20Longer bases20–40 Tight Launch Shelf Bars Controls how many prior candles are used to detect short, tight shelves near highs. This is designed for stocks that pause briefly before breaking out. Suggested use: StyleSettingVery fast momentum4–6Normal launch shelf6–10Slower swing shelf10–15 Prior Move Lookback Bars Determines how far back the script looks to measure whether the stock had a prior advance before the range. Higher values allow the script to detect bases after larger, older moves. Suggested use: StyleSettingShort-term momentum20–35Swing continuation35–60Longer trend bases60–100 Minimum Prior Advance % Defines how much price must have advanced before the range qualifies. This helps prevent the script from highlighting random sideways chop. Suggested use: Market TypeSettingLarge caps8%–15%Mid caps15%–25%Small caps / high ADR20%–40% A higher setting makes the script more selective. Minimum Close Containment % Controls how many closes must remain inside the box. A higher value requires cleaner sideways behavior. Suggested use: Range QualitySettingLoose ranges60%–70%Normal ranges70%–80%Very tight clean bases80%–90% Max Standard Range Width x ADR Controls how wide a normal range can be compared with the stock’s average daily range. Lower values require tighter bases. Higher values allow wider, looser consolidations. Suggested use: PreferenceSettingTight clean bases only1.5–2.25Balanced2.5–3.0Loose momentum names3.0–4.0 Max Tight Shelf Width x ADR Controls how wide a tight launch shelf can be. Because launch shelves should be tighter than standard ranges, this number is usually lower. Suggested use: PreferenceSettingVery tight shelves1.0–1.3Balanced1.4–1.8Volatile small caps1.8–2.5 ADR Length Controls the lookback period for average daily range. Default is 20, which approximates one trading month. Suggested use: PurposeSettingShort-term sensitivity10Standard20Smoother ADR30–50 Volume Average Length Controls the average volume lookback used for breakout and volume comparison. Suggested use: StyleSettingFast momentum10Standard swing20Smoother volume filter30–50 Max Range Volume vs Avg This controls how much volume is allowed during the range if the volume filter is enabled. Lower values require quieter consolidation. Higher values allow more active ranges. Suggested use: Range TypeSettingQuiet base0.8–1.0Normal base1.0–1.25Active momentum range1.25–1.75 RSI Settings RSI filters can be used to avoid ranges that are either too weak or too extended. Suggested use: PurposeSettingAvoid weak rangesMinimum RSI 40Allow momentum leadersMaximum RSI 80–85Stricter resetMax RSI 70–75 For strong momentum stocks, I prefer leaving RSI control flexible because strong names can remain elevated before breaking out. Require Price Above 200 SMA When enabled, the script only accepts ranges where price is above the 200 SMA. This is useful for trend-following and continuation strategies. Turn this off if you want to scan: bottoming structures early reversals 200 SMA reclaim attempts accumulation ranges below the 200 SMA Require Prior Advance When enabled, the script requires price to have moved up before forming the range. This is best for continuation traders. Turn this off if you want to study: accumulation bases bottoming ranges reversal setups sideways structures before a first move Require Volume Control When enabled, the range must have controlled volume relative to average volume. This helps filter out chaotic ranges. However, for volatile small caps or active momentum names, I often leave this off because strong stocks can consolidate with active volume. Require RSI Control When enabled, RSI must remain within the selected range. This can help avoid weak or overextended setups. However, momentum leaders can remain strong for longer than expected, so this setting is optional depending on the strategy. Setup Score The label displays an Auto Range Score out of 10. The score considers: prior move price above 200 SMA containment inside the range range width versus ADR volume behavior OBV behavior RSI condition ADR level The score is not a buy signal. It is a structure-quality score. General interpretation: ScoreInterpretation9–10Very clean structure7–8Good watchlist candidate5–6Needs more confirmationBelow 5Low-quality or incomplete structure Trading Notes A detected box is only a location tool. It does not replace: market regime analysis risk management catalyst research relative strength checks liquidity checks options-chain review trade planning The highest-quality setups usually combine: strong prior move + clean box + range containment + volume expansion on breakout + supportive market conditions. Risk Management The box can help define risk. Common invalidation methods: stop below range low stop below breakout candle low stop below retest low stop below rising 20 EMA or 50 SMA exit if breakout fails back into range avoid if price breaks below the box with volume The cleanest setups are usually those where the box gives a tight, logical invalidation level. Important Disclaimer This indicator is for educational and research purposes only. It does not provide financial advice, investment advice, or guaranteed trade signals. All trading involves risk. Traders should use their own research, risk management, and judgment before entering any position.
Pine Script® indicator
by rick84etter
Compass | AnonycryptousCompass | Anonycryptous Description & user manual Credits The weekly psychological level calculation in this indicator is based on open-source code originally published on TradingView. The original script was created by plasmapug. Continued development was done by infernixx, Peshocore, and xtech5192 in collaboration with TradersReality. Significant modifications have been made to integrate this component into the Compass framework. Why this indicator is different Most indicators answer one question. A moving average tells you the trend direction. An oscillator tells you momentum. A session box tells you the time. A volume indicator tells you participation. Each one is useful. None of them tells you where you are. Before placing a trade, a trader needs to answer several questions simultaneously. What session is active and what does that mean for the type of price action to expect? Where does the macro trend stand? Is volume confirming the move or contradicting it? Are there open imbalances nearby that price may return to? How much of the day's expected range has already been consumed? Where are the key structural levels — pivots, the daily open, prior week references? Answering each of these questions separately requires stacking tool after tool until the chart becomes unreadable. Compass answers all of them at once. It is not a signal indicator. It does not fire arrows or tell you when to buy or sell. What it does is something more fundamental: it gives you a complete read of the market environment before any decision is made. Sessions, trend, volume, imbalances, range levels, pivots, psychological references — all in one overlay, all configurable, all on one chart. The design philosophy is orientation first. Decision second. Compass tells you where you are. What you do with that is your responsibility. Important notice Compass does not generate trading signals. It does not tell you when to buy or sell. It does not predict market direction. It does not replace your trading strategy or your own analysis. All illustrative examples in this manual are for educational purposes only and are not trading recommendations. All trading decisions remain entirely with the user. Always apply your own judgment and manage your own risk. 1. Overview Compass is a comprehensive market context indicator that combines eleven independent analysis frameworks into one unified overlay. Every component is individually toggleable. Six presets are included for different trading styles, from fast scalping to full multi-component analysis. What it includes: - Five-EMA suite with adaptive cloud around the EMA 50 - EMA crossover system with configurable signals and candle coloring - Stochastic RSI background alerts with four alert types and RSI divergence detection - PVSRA volume vector candle analysis with zone tracking and configurable thresholds - Eight global market sessions with automatic DST awareness - Average daily, weekly, and monthly range levels with 50% midpoints - Classic pivot points with mid-point levels - Daily open reference line with historical opens - Fair value gap detection with partial absorption tracking - Weekly psychological level tracking - Live dashboard with eighteen data points across all active components 2. EMA suite Five exponential moving averages are plotted simultaneously: EMA 5, EMA 13, EMA 50, EMA 200, and EMA 800. Together they cover short-term momentum, medium-term trend direction, macro trend, and long-term structural bias. The EMA 50 is wrapped in a dynamic cloud calculated from two standard deviations of price. The cloud expands during volatility and contracts during consolidation. A widening cloud indicates active price discovery. A thinning cloud indicates equilibrium or compression before a directional move. The EMA 200 is the primary macro bias filter. Price above it defines a broadly bullish environment. Price below it defines a broadly bearish environment. This is shown in the dashboard at all times. The EMA 800 provides long-term structural context, particularly useful on mid to higher timeframes where it marks the gravitational center of multi-month price structure. All five EMA lengths are configurable. Each has individual color and transparency controls. An EMA label option displays the current value at the right edge of each line. 3. EMA cross system The EMA cross tracks a configurable fast EMA crossing a configurable slow EMA and marks the crossover bar. All candles after a cross continue in the direction of that cross until the opposite cross fires. Three display modes are available: show both the fast and slow EMA lines, show a single consolidated EMA line, or hide the EMA lines entirely while keeping the crossover signals visible. This component is a trend state indicator, not a trade trigger. A bull cross does not mean buy. It means the short-term trend has shifted upward relative to the medium-term average. Signals and candle coloring can be toggled independently. 4. Stochastic RSI The stochastic RSI component runs a standard stochastic RSI calculation and generates background color alerts based on crossover conditions at configurable band levels. Four alert types are available, each independently toggleable: Middle band crossover — K line crosses D line near the 50 level. Indicates a possible trend shift in momentum. Overbought/oversold crossover — K line crosses D line from overbought or oversold territory. Indicates a potential reversal from an extreme. Entering overbought — K line crosses above the upper band. Indicates that momentum has moved into overbought territory. Entering oversold — K line crosses below the lower band. Indicates that momentum has moved into oversold territory. The dashboard displays the current stochastic RSI state and the RSI value. RSI appears in green when above the midline and in red when below. Regular bullish and bearish divergence is detected automatically and shown in the dashboard as a directional label. When divergence is active, a thin reference line appears on the price chart marking the divergence candles. 5. PVSRA volume vector analysis PVSRA analysis colors candles based on volume relative to the 10-bar average and the relationship between volume and candle spread. Four vector types: Green vector — bullish bar where volume is at or above the green/red threshold (default 200% of the 10-bar average), or where volume multiplied by spread is the highest of the last 10 bars. Indicates strong bullish institutional participation. Red vector — same conditions on a bearish bar. Indicates strong bearish institutional participation. Blue vector — bullish bar where volume is at or above the blue/violet threshold (default 150% of average). Indicates elevated bullish volume below the institutional threshold. Violet vector — same conditions on a bearish bar. Indicates elevated bearish volume. Grey — no vector conditions met. Normal volume. Both thresholds are configurable directly from the settings panel. Blue and violet signals are strictly exclusive from green and red — a bar cannot qualify for both simultaneously. Vector candle zones draw boxes at each vector candle location and remain active until price moves through the zone, marking areas where elevated institutional activity was detected at the time the candle formed. The PVSRA override input allows a different symbol to be used for the volume calculation. This is useful when the charted instrument has unreliable volume data, such as CFDs, perpetual swaps, or instruments where the primary volume is on a related market. 6. Market sessions Eight global trading sessions are tracked simultaneously, each with automatic DST awareness. Sessions are displayed as expanding boxes with high and low lines and a real-time label showing the session open. Sessions included: - London: 08:00–16:30 UTC - New York: 14:30–21:00 UTC - Tokyo: 00:00–06:00 UTC - Hong Kong: 01:30–08:00 UTC - Sydney: 22:00–06:00 UTC - EU brinks: 08:00–09:00 UTC - US brinks: 14:00–15:00 UTC - Frankfurt: 07:00–16:30 UTC DST is handled automatically for London, New York, and Sydney. No manual adjustment is needed. Each session can be toggled individually, and box color, transparency, and label color are fully configurable per session. Session context matters because market behavior differs significantly depending on which participants are active. London and New York overlap produces the highest volume and fastest price movement. Tokyo and Sydney sessions tend to consolidate. The brinks windows mark the transition periods where session highs and lows often form. 7. Range levels Three statistical range frameworks measure the expected price range for the current period based on historical averages. Average daily range (ADR) — the expected high and low for the current trading day. When price reaches the ADR level, the day's expected range has been consumed. Moves beyond the ADR are extension moves that occur with lower statistical probability and often mean-revert. The dashboard shows ADR % used — how much of today's expected range has already been consumed. Above 80% indicates the day is approaching its expected limit. Average weekly range (AWR) — the same concept applied to the current week. Useful for assessing how much room the week has left to move. Average monthly range (AMR) — the same concept applied to the current month. Provides macro context for position sizing and target expectations. Each framework includes a 50% midpoint level marking the center of the expected range. The ADR measure from daily open option calculates the range starting from that day's open price rather than the statistical high, making the levels static for the entire day. All three frameworks have individual lookback period inputs, color controls, line styles, and label toggles. 8. Pivot points Classic pivot points are calculated from the prior day's high, low, and close. Levels include PP, R1/S1, R2/S2, R3/S3, and M mid-point levels between each major level. Pivot points provide structural reference for the current session. Price above PP defines a broadly bullish day structure. R levels act as potential resistance targets. S levels act as potential support targets. M levels provide intermediate precision references between major pivots. All levels can be toggled individually. Lines extend rightward from the prior session and can optionally extend in both directions. Each level has individual color and line style controls. 9. Daily open A horizontal line marks the current day's opening price. This is one of the most referenced structural levels among short-term traders because it defines the starting point for the day's price discovery. Price above the daily open reflects a bullish session bias. Price below reflects a bearish session bias. When price oscillates around the daily open without committing direction, the session is in balance — a lower probability environment for trend trades. Historical daily opens can optionally be shown as reference for prior day context. 10. Fair value gaps A fair value gap is a three-bar imbalance where price moved through a range without leaving two-sided trade — the low of the upper candle is above the high of the lower candle (bullish gap) or vice versa (bearish gap). These areas represent unfinished business where the market may return to achieve balance. Gaps are filtered by a minimum width threshold expressed as a multiple of ATR. Gaps narrower than the threshold are excluded. Partial absorption is tracked — as price returns into the gap, the fill color changes to show how much of the imbalance has been recovered. Fully mitigated gaps can be kept on the chart as historical reference or deleted automatically to maintain a clean view. 11. Psychological levels Weekly psychological levels mark the prior week's high and low as calculated by a specific session-anchored method. These levels represent deliberate structural references where participants have previously committed size — breakouts and rejections around these levels tend to be more intentional than random price noise. Three GMT offset options accommodate the session anchor calculation for different global market structures. Two mode options are available: crypto (weekly reset on Saturday Sydney open) and forex (weekly reset on Monday Tokyo open). 12. Settings reference Preset - Custom: full manual control over all settings. - Clean scalper: sessions, EMA suite, FVG, subtle candle coloring. Low noise. - Full context: everything on, medium transparency. Best for analysis. - Signal focus: EMA cross, stoch RSI background, PVSRA bar color prominent. Rest subtle. - Minimal: sessions, daily open, ADR only. No signals. - PVSRA pro: PVSRA and vector candle zones central. EMA 200 and 800 only. Global settings - Master opacity offset (custom preset only): shifts all transparency values simultaneously. - Show bull/bear label text: shows or hides text on EMA cross signal triangles. EMA suite - Show EMA suite and labels - Individual EMA color and transparency controls - EMA cloud fill and border transparency - EMA line width EMA cross - Show EMA cross signals - Fast EMA, slow EMA, and consolidated EMA lengths - Show both EMAs or consolidated only - Bull, bear, and neutral colors and transparency - Cross EMA line width Stochastic RSI - Show stochastic RSI background alerts - RSI length and stochastic length - Overbought and oversold band levels - Individual alert type toggles (four types) - Alert colors and transparency - RSI divergence lookback period - Divergence line color and width PVSRA - Vector colors (red, green, violet, blue, regular up/down) - Green/red threshold (× average volume, default 2.0) - Blue/violet threshold (× average volume, default 1.5) - Include spread filter for green/red classification - Override symbol toggle and input - Show vector candle zones with transparency and width settings Candle coloring - Enable candle coloring - Coloring mode: EMA cross / PVSRA / EMA 200 / off - Bull and bear candle color and transparency Market sessions - Show market sessions - Session timezone - Show sessions on weekends - Session high/low line style and width - Per session: toggle, box color, transparency, label color Range levels - Show ADR, AWR, AMR (individual toggles) - Lookback periods for each - Show 50% midpoint levels - Measure from daily open (ADR only) - Color, transparency, line width, line style, labels Pivot points - Show PP, R1/S1, R2/S2, R3/S3, M levels individually - Show labels - Extend lines both directions - Individual level colors and line styles - Pivot line width Daily open - Show daily open - Show label - Show historical daily opens - Color, transparency, line width Fair value gaps - Show fair value gaps - Width filter (ATR multiplier) - Extend to current bar - Bullish and bearish FVG colors - Mitigation fill colors - Keep historical FVGs after mitigation Psychological levels - Show psy levels and labels - Show historical psy levels - GMT offset (GMT+1, GMT+2, GMT+3) - Psy type: crypto or forex - High and low colors and transparency Dashboard - Show dashboard - Position: top left, top right, bottom left, bottom right - Size: tiny, small, normal 13. Dashboard reference The dashboard provides eighteen live data points across all active components: Session — the currently active market session. EMA cross — current EMA cross direction: bull or bear. EMA 200 — whether price is above or below the EMA 200. Stoch RSI — current stochastic RSI condition. RSI — current RSI value, colored green above midline and red below. RSI divergence — active bullish or bearish divergence, or none. PVSRA — current candle vector type. ADR % used — how much of today's expected daily range has been consumed. FVG active — count of open unmitigated fair value gaps and mitigation percentage. Psy level — whether price is above or below the prior week's psychological level. Timezone — active session timezone setting. VCZ active — count of active vector candle zones above and below current price. Pivot PP — current pivot point value. Daily open — current daily open price and direction. 14. How to use 14.1 Initial setup Select a preset that matches your primary trading style. Adjust the session timezone to match your location or your primary exchange. If you trade an instrument with unreliable volume data, enable the PVSRA override and set it to a correlated liquid instrument. Set the ADR lookback period to your preference — 14 days is a standard starting point. For FVGs, set the width filter to 0.5 or higher to exclude minor gaps. 14.2 Reading the dashboard The dashboard is the fastest way to orient yourself on a new chart or a new session. Check session, EMA cross direction, EMA 200 position, stoch RSI state, and ADR consumed before anything else. Five seconds to a full picture of where the market stands. 14.3 Reading the chart Check EMA alignment. When EMA 13, EMA 50, and EMA 200 are stacked in the same direction, the trend is more significant than a single crossover. Divergence between them reflects a transition or competing timeframe pressures. Check ADR percentage. Below 50% means the day has statistical room to move. Above 80% means the day is near its expected limit and extension moves are less probable. Look for open FVGs near current price. An unmitigated FVG in the direction of the prevailing trend is a precision reference area where price has historically returned. Check the psy level. If price is approaching the prior week's high or low, be aware that participant behavior around those references tends to be deliberate. 14.4 Timeframe guide 1 minute to 3 minutes — clean scalper preset, candle coloring set to EMA cross. 5 minutes to 15 minutes — clean scalper or signal focus preset. 30 minutes to 1 hour — full context preset, use ADR and pivot points. 4 hours to daily — full context or minimal preset. 14.5 Tips PVSRA override — use when your broker's volume data is unreliable, when you trade a CFD or derivative with synthetic volume, or when you want spot market volume for a futures chart. Master opacity offset — adding 10 to 20 increases overall transparency and dims the chart if it feels cluttered. Subtracting 10 to 20 makes all elements more prominent. This shifts all transparency values simultaneously without changing individual settings. Only active in custom preset. Not every component needs to be active at once. Most traders will find three to four components provide the context they need for their specific setup. 15. Disclaimer This indicator is provided for educational and informational purposes only. Nothing in this document constitutes financial advice or any form of trading recommendation. Trading financial instruments involves substantial risk of loss. Past performance is not indicative of future results. You may lose all of your invested capital. All trading decisions are made entirely by the user. Use at your own discretion.
Pine Script® indicator
by Anonycryptous
Entry Gate - ADR% / ADV / ATR MultipleThree critical pre-trade filters, always visible right on your chart. Before entering any swing trade, three questions determine whether the setup is even worth considering: is this stock volatile enough to move my account, is it liquid enough to trade cleanly, and is it too extended to enter now? Entry Gate answers all three at a glance, in a single corner of your chart. ADR% (Average Daily Range) measures how much a stock moves on an average day. Too low and it won't move your portfolio. Too high and daily noise will stop you out randomly. ADV (Average Dollar Volume) measures how much money flows through the stock each day. Liquid stocks respect key levels, pull back cleanly to moving averages, and don't gap on low volume. Illiquid stocks do the opposite. ATR Multiple measures how extended the price is above its 50-day moving average, expressed in ATR units. The further extended, the higher the probability of a pause or reversal. Based on jfsrev's published formula: % Gain from MA divided by ATR%. ATR% rounds out the dashboard with the raw volatility number for context. All values are color-coded against your thresholds: 🟢 Green — within your ideal range 🟠 Orange — borderline, proceed with caution 🔴 Red — outside your criteria A yellow dot also plots above the bar when the ATR Multiple exceeds your trigger level, marking historically extended zones at a glance. Fully customizable: Independent thresholds for ADR%, ADV, and ATR Multiple Warning zones for borderline values Lookback periods for each calculation Font size, table position, dot size and offset Color customization for good / warning / bad / ATR / dot All values are pulled from the daily timeframe via request.security, so the numbers stay consistent whether you're on a daily, weekly, or intraday chart. Default thresholds are calibrated for swing traders running mid-sized accounts. Adjust to match your strategy. Credits to ArmerSchlucker for the original ADR% table indicator, MikeC / TheScrutiniser and GlinckEastwoot for the ADR% formula, and jfsrev / Fred6724 for the ATR% Multiple from 50-MA approach.
Pine Script® indicator
by vinthomas
Average Daily Range Percentage (ADR%) and Average Daily VolumeTwo critical pre-trade filters, always visible right on your chart. Before entering any swing trade, you need to know two things: is this stock volatile enough to move your account, and is it liquid enough to trade cleanly? This indicator answers both questions at a glance. **ADR% (Average Daily Range)** measures how much a stock moves on an average day. Too low and it won't move your portfolio. Too high and the daily noise will stop you out randomly. The color tells you where you stand instantly. **ADV (Average Dollar Volume)** measures how much money flows through the stock each day. Liquid stocks respect key levels, pull back cleanly to moving averages, and don't gap randomly on low volume. Illiquid stocks do the opposite. Both values are color-coded against your thresholds: 🟢 Green — within your ideal range 🟠 Orange — borderline, proceed with caution 🔴 Red — outside your criteria, skip it Fully customizable: ADR% and ADV thresholds Warning zones for borderline values Lookback periods for both calculations Colors for good, warning, and bad values Default thresholds are calibrated for swing traders. Adjust to match your account size and risk tolerance. Built for swing traders who want clean, fast chart reviews without second-guessing liquidity or volatility on every name.
Pine Script® indicator
by vinthomas
Volume & Volatility Pro Analyst Buy Vol: Sell Vol Ratio### Overview The **Volume & Volatility Pro Analyst (V&V-Surge) ** is an all-in-one analysis tool designed to look beyond basic volume bars. Instead of coloring volume strictly by whether a candle closed up or down, this indicator breaks down the internal structure of each candlestick to isolate buying and selling pressure. It pairs volume diagnostics with an Intrinsic Daily Volatility matrix (ADR%) to evaluate market exhaustion and trend sustainability in real-time. ### Key Features 1. **Intraday Volume Breakdown: ** Deconstructs standard transaction volume into **Buy Volume** and **Sell Volume** by mathematically evaluating the candlestick's body size and wicks (lower wick pressure indicates buying; upper wick pressure indicates selling). 2. **Real-Time Buy: Sell Ratio (B:S):** A live updating quotient tracking dominant market participant control. - A ratio **> 1.0x (Green)** indicates bulls are driving the order book. - A ratio **< 1.0x (Red)** indicates bears are in absolute control. 3. **Institutional Volume Surge Warnings: ** Automatically flags institutional blocks or sudden retail frenzies when current volume surpasses an n-period average by a customizable multiplier (Default: 2x). Bars flash **Yellow** during surges. 4. **Volatility Exhaustion Matrix (ADR%): ** Compares the instrument's current intraday move percentage against its Average Daily Range percentage over a specified lookback. - **Green Text/Cell: ** Current move is below the ADR limit (Room to run). - **Red Text/Cell: ** Current move has exceeded normal statistical volatility limits (High probability of exhaustion or consolidation). 5. **Localization-Friendly Dashboard: ** Features an integrated toggle switch to format large numerical volume figures into either standard Western Notation (Billions/Millions) or Indian Financial Format (Crores/Lakhs). ### How to Trade with This Tool - **Trend Confirmation: ** Look for a sustained breakout accompanied by a B:S ratio greater than 1.5x, accompanied by normal ADR levels. - **Exhaustion Tells: ** If a massive breakout occurs, but "Today's Move" is deeply Red (Exceeding historical ADR%) while a Yellow "Volume Surge" bar prints, it strongly points toward a climax run or trap scenario rather than a clean entry point. - **Reversal Signals: * * Watch for institutional volume surges (Yellow bars) forming on key support or resistance zones where the B:S ratio dramatically flips sides on sub-component timeframes. ### Disclaimer Past performance does not guarantee future results. This tool is meant purely for quantitative visual aid and educational purposes. It does not constitute direct financial advice. Always practice strict risk management.
Pine Script® indicator
by yogsraoot
Average Daily Range by BlemAverage Daily Range (ADR) Indicator Displays the Average Daily Range of any instrument directly on your chart as a clean, screen-anchored overlay — accurate on any timeframe from 1-minute to weekly. What it shows: 1. Average Daily Range — the N-day average of daily high-low ranges (default 14 days) 2. ADR Remaining — how much of today's average range is still uncovered, useful for setting intraday targets (optional, can be toggled off) How it works: ADR is calculated using actual daily candle data regardless of the timeframe you are viewing, so the value is always consistent and accurate. Fully customizable: • ADR lookback period • Screen position (9 combinations — top/middle/bottom × left/center/right) • Background color, text color, text size • ADR Remaining color thresholds (green when range remains, red when nearly exhausted) • Toggle ADR Remaining on/off How to use: Traders use ADR to understand how much movement to expect in a session. When ADR Remaining is high, there is still room for the move to continue. When it approaches zero, the daily range is nearly complete and momentum may fade. ADR is a statistical generalization based on past price behavior. On any given day, price may fall short of the average, or exceed it significantly. It should never be treated as a guaranteed target or a hard boundary. Use it as a general reference for expected daily movement, not as a precise prediction.
Pine Script® indicator
by Trader_Unkn0wn_
Asia & NY Session Range Table (heistrader)Asia & NY Session Range Table (heistrader) Overview This powerful indicator automatically tracks and displays key price levels from Asia and New York trading sessions, along with daily data and RSI, in a clean, customizable table format. Perfect for traders who want to quickly reference multi-session ranges without manual calculations. 🎯 Key Features 📈 Session Tracking Asia Session (HKT 06:00-10:00) – Track Asian session High, Low, and Range NY Session (EST 09:30-16:00) – Track New York session High, Low, and Range Full Daily Data – Complete day's High, Low, Range, and average RSI 📅 Historical Reference Shows Today + 4 previous days (Prev, Prev 2, Prev 3, Prev 4) Automatically shifts data each new trading day No manual data entry required 🎨 Visual Customization Color-coded section labels: 🔴 Asia Session – Red background 🔵 NY Session – Blue background 🟢 Daily Data – Green background RSI color alerts: 🔴 Red text for overbought (≥70) 🟢 Green text for oversold (≤30) Fully customizable table position, size, and colors ⚙️ Flexible Settings Toggle individual rows on/off (Asia, NY, Daily, RSI) Adjustable session times Customizable RSI length and thresholds Multiple table positions: Top/Bottom, Left/Right Table sizes: Tiny, Small, Normal, Large 💡 Why Use This Indicator? Traditional Method This Indicator Manual session tracking Automatic session detection Scrolling through charts Instant table display Mental calculations Automatic range calculation Multiple timeframes One consolidated view 🔧 How It Works Automatically detects when Asia and NY sessions begin/end based on your timezone Records session High/Low values in real-time Calculates session ranges and daily RSI averages Shifts data at each new trading day Displays all information in a clean table on your chart 📋 Example Use Cases 🏢 Institutional Traders Quickly identify overnight ranges and potential breakout levels 📉 Day Traders Reference key support/resistance levels from major sessions 📊 Swing Traders Track session volatility patterns across multiple days 🔬 Technical Analysts Compare RSI conditions with price action across sessions 🚀 Quick Start Add indicator to your chart Verify timezone setting (default: Asia/Hong_Kong) Adjust session times if needed Position table where convenient (default: Top Right) Toggle rows you want to display Start trading with instant session data! ⚡ Pro Tips Volume Confirmation: Use Asia/NY ranges alongside volume indicators Breakout Strategy: Watch for price breaking beyond previous session ranges RSI Divergence: Look for price/RSI divergences across daily and session data Multiple Timeframe: Combine with higher timeframe analysis for confluence 📝 Input Parameters Parameter Default Description Timezone Asia/Hong_Kong Your chart's timezone Asia Session 2200-0200 UTC (HKT 06:00-10:00) NY Session 1330-2000 UTC (EST 09:30-16:00) Table Position Top Right Where table appears Table Size Small Font size RSI Length 14 Period for RSI calculation RSI Overbought 70 Threshold for red text RSI Oversold 30 Threshold for green text ❓ Common Questions Q: Does this work on any timeframe? A: Yes! Works on all timeframes from 1min to monthly. Q: Can I adjust session times? A: Absolutely – both Asia and NY session times are fully customizable in UTC. Q: Does it repaint? A: No. Session values are only finalized after each session closes. Q: Can I hide certain rows? A: Yes – each row group has its own visibility toggle. #heistrader
Pine Script® indicator
by antonchan1979
Vectors - Hybrid**Vectors - Hybrid** is a customized and optimized version based on the original **Traders Reality Main** script published by TradersReality on TradingView. This version started from the original base and was reworked to better fit my personal trading workflow. It is not a 1:1 reupload, but an edited, simplified, optimized, and extended version. It has also been **translated into my native language, Romanian**, to make the settings and overall workflow more natural and practical for daily use. ### What was changed and optimized * removed features and options that I do not personally use; * cleaned up and reorganized multiple settings for a simpler and more compact layout; * optimized parts of the code for better clarity and easier day-to-day use; * kept only the components that are useful for my own workflow. ### What was added in this version Besides the original foundation, this version includes several additional improvements: * **custom info panel** showing: * current Killzone * 1H / 4H / 1D Bias * RVOL * ATR * ADR used * **Killzone panel with configurable timezone**, including the option to use either the instrument’s exchange timezone or a manually selected timezone; * **custom line style setting for Daily Open**; * **simplified Vector Candle Zones settings** with a cleaner and more minimal interface; * **EMA 1–10 preserved and organized for easier customization**; * **YDay Hi/Lo and LWeek Hi/Lo kept visible and configurable**; * general visual and workflow improvements for cleaner chart usage. ### Credit **Full credit for the original script goes to TradersReality and the original authors of the base version.** According to the original page, the script was initially created by **plasmapug**, and later development was continued with permission by **infernix, peshocore, and xtech5192**, in collaboration with TradersReality. This version is a personal adaptation of that open-source project, with removals, optimizations, translations, and extra features added for personal use.
Pine Script® indicator
by Inoffensive
ICT ADR & London KillzoneA session-anchored ADR projection tool built around the London Kill Zone. This indicator plots vertical lines marking the 3–4 AM EST London Kill Zone window, while simultaneously drawing a dynamic Fibonacci-style projection anchored to the Asia session open (6 PM EST) each day. The projection extends forward to the 4 PM EST close and tracks with live price action, always rendering 10 bars ahead of the current candle to give you a clean read on where price is heading relative to the day's expected range. The key levels plotted are the ADR High and ADR Low projections — framing the statistical ceiling and floor for the session — with the Asia open price marked as the anchor. Between those extremes, a 50% equilibrium line splits the range, and dotted 25% and 75% quarter-lines fill in the middle to help identify discount and premium zones within the projected range at a glance. Everything is kept intentionally minimal. Labels are text-only with no background fill — just the level name, no price. All levels share a single uniform color (black) so the indicator stays clean on any chart without competing with your PD array markups or candle structure. The goal is a quiet, always-present framework that contextualizes where price is sitting within the day's expected range, without adding visual noise. Enjoy. :)
Pine Script® indicator
by mayb1dayy
Average Volatility ZonesDisplays the average volatility range directly on the chart as horizontal levels projected from the current period's open. The indicator calculates the average candle size (High-Low or True Range) over a configurable period and timeframe (default: Daily, 20 bars), then draws upper and lower lines at that distance from the current timeframe open — showing how far price typically moves within one period. Key features: - Multi-timeframe support — measure volatility from any timeframe (M15 to Monthly) - Scalable levels — optional 2x, 3x, and custom multiplier levels for extended volatility zones - Zone mode — converts lines into shaded bands based on a percentage of the average volatility - Automatic pip detection for forex pairs (supports 5-digit and 3-digit brokers) - Each level is labeled with its timeframe, period, and value in pips - Fully customizable colors, line styles, label positioning, and zone transparency Useful for gauging intraday range potential, setting realistic targets, identifying overextended moves, and filtering entries near volatility extremes.
Pine Script® indicator
by zemanjose
ADR Ratio Table (ADR 1/ ADR 2)ADR Ratio Table is a market condition filter designed to compare short-term volatility with the broader market environment. The indicator calculates two Average Daily Range (ADR) values using user-defined periods (for example, 5-day ADR and 21-day ADR) and displays their ratio in a table. ADR Ratio = Short-Term ADR / Long-Term ADR This ratio helps identify volatility regimes: A value above 1.0 indicates that recent volatility is higher than the market’s longer-term average, suggesting expansion conditions. A value below 1.0 indicates compressed volatility, where directional moves are less likely to follow through. Its purpose is to act as a pre-trade filter, helping traders decide whether current market conditions are suitable for strategies that rely on range expansion and directional continuation.
Pine Script® indicator
by ZegnaMike
1
Average CandleAverage Candle is a simple volatility display indicator. It calculates the average candle range on a chosen higher timeframe (most commonly Daily) over a selected number of candles, converts that average range into pips, and shows the result as a small label on the chart. Traders can use it to quickly see “typical” movement for the day (or any timeframe) and adjust expectations for entries, stop loss distance, take profit targets, and position sizing.
Pine Script® indicator
by zemanjose
ADR**Overview** This indicator displays the **Average Daily Range (ADR)** and **ADR Percentage** in a customizable table on your chart. While the standard ATR (Average True Range) is a popular metric for volatility, it accounts for price gaps (e.g., overnight moves). **ADR**, on the other hand, strictly measures the average distance between the **High** and **Low** of price bars, completely ignoring gaps. **Why use ADR instead of ATR?** * **Day Trading:** For intraday traders (Forex, Crypto, Futures), ADR is often preferred because it calculates the "tradable" range of the day. It answers the question: *"On average, how much does this asset move from High to Low?"* * **Target Setting:** ADR is excellent for projecting daily highs and lows. If price has already moved 100% of its ADR, the statistical probability of further extension decreases. * **Pure Volatility:** It filters out the noise of overnight gaps to show pure intraday volatility. **Calculation Logic** * **ADR:** Calculated using a Simple Moving Average (SMA) of the `High - Low` range over the specified length. * Formula: `SMA(High - Low, Length)` * **ADR%:** Shows the ADR relative to the current price. * Formula: `(ADR / Current Close) * 100` **Features** * **Clean Dashboard:** A minimalist table displays the ADR value and the ADR %. * **Customizable:** You can change the calculation length (default is 14) and move the table to any corner of the chart (Top/Bottom, Left/Right) to fit your workspace. **Settings** * **ADR Length:** The lookback period for the average (Default: 14). * **Display Position:** Choose where the table appears on your screen.
Pine Script® indicator
by echanxyz
EMA Squeeze Alert (ADR Filter)This indicators is for Pine Screener. You could use it on Pine Screener to filter out stocks with EMAs Convergence. The EMAs used are EMA 9, EMA 12 and EMA 20. When the current closing price is within 50% of 20-days ADR% from these three EMAs, it would give you an alert signal. The way to use it is to apply it onto the Pine Screener. You then select the watchlist you would like to filter out, and check the alert signal to True, and click scan. If Condition is True, the candlesticks would have a green arrow below and the background is highlighted. The script is published, feel free to amend it as you like Have a Nice Day, and Trade Safe !
Pine Script® indicator
by IM_KTD_
Daily maximum price range for Credit SpreadsVolatility & Momentum for Credit Spreads It is a specialized mean-reversion tool designed primarily for options traders focusing on Credit Spreads (specifically 0DTE on SPX) and intraday reversals. By combining Volume Weighted Average Price (VWAP) with VIX-adjusted volatility bands, this indicator identifies statistical extremes where price is likely to revert. Unlike standard Bollinger Bands or Keltner Channels, TITAN adapts its width based on real-time implied volatility (VIX), ensuring that your "overextended" zones are accurate whether the market is calm or chaotic. 🎯 Core Concept The indicator relies on the principle that price moves within a definable "Daily Range" relative to the VWAP. When price pushes to the outer limits of this range while simultaneously hitting RSI extremes; it signals a high-probability reversal setup ideal for selling premium. 🛠 How It Works The engine is built on three pillars: Volatility-Adaptive Bands: The bands are calculated using a 14-day Average Daily Range (ADR), which is then dynamically scaled by the current VIX relative to a baseline. If VIX spikes, the bands widen instantly to keep you safe from premature entries. Momentum Triggers: Signals are generated only when the RSI (14) hits extreme Overbought (>70) or Oversold (<30) levels. "Golden Hour" Filtering: To avoid market open noise or late-day chop, the indicator includes a customizable time filter (Default: 10:15 – 11:30 AM EST). Signals outside this window are suppressed to enforce trading discipline. 🚀 Key Features Visual Strategy Simulation: The indicator now includes a built-in "Strike Simulator." Upon the first valid signal of the session, it automatically plots a horizontal "Strike Line" at the Outer Band ± a user-defined buffer (e.g., 10 points). This helps you visualize your theoretical strike price for the rest of the day. Bull & Bear Zones: Color-coded fills (Green for Bullish Buy Zones, Red for Bearish Sell Zones) make it easy to see market context at a glance. Live Dashboard: A Heads-Up Display (HUD) in the bottom right shows real-time RSI values, Golden Hour status, and current signal state. Unified Alert System: A single master alert condition triggers if price hits an RSI extreme OR touches a volatility band during your active trading window. 📉 How to Trade It (Example Strategy) Wait for the Window: Ensure the "Golden Hour" on the dashboard reads ACTIVE (Default 10:15 AM EST). Identify the Zone: Short Setup (Call Credit Spread): Price pushes into the Red Zone (Outer High). Long Setup (Put Credit Spread): Price pushes into the Green Zone (Outer Low). Confirm the Signal: Look for the Diamond Icon. This confirms RSI has hit the extreme threshold. Check the "Strike Line": Use the simulated horizontal line to identify where your short strike would be (Outer Band + Buffer) to verify it is at a safe distance from current price. ⚙️ Settings ADR Length: Lookback period for daily range calculation (Default: 10). Baseline VIX:* The standard VIX level used for normalization (Default: 15.0). Inner/Outer Multipliers: Controls the width of the bands. Golden Hour: The specific time window for valid signals. Strike Buffer: Points added to the outer band to simulate your option strike price. ⚠️ Disclaimer This tool is for informational purposes only. Trading options, especially 0DTE credit spreads, involves significant risk. Always backtest strategies and manage risk accordingly.
Pine Script® indicator
by oXXo1
Momentum Trend & Ignition DashboardDescription Rationale & Originality Traders often struggle with chart clutter, needing separate indicators for Moving Averages, Volume anomalies, and Fundamental stats (like 52-week highs or Float). This script solves this problem by creating a unified "Momentum Dashboard." It is not just a collection of averages; it is a purpose-built tool for Breakout and Trend Following strategies (such as CAN SLIM or VCP). The uniqueness of this script lies in its "Confluence Logic": it allows a trader to instantly validate a setup by checking three pillars simultaneously without changing tabs: Trend: Are the key MAs (20, 50, 100, 200) stacked correctly? Ignition: Is there a "Power Play" (Big Price Move + Heavy Volume) occurring right now? Stats: Is the stock near its 52-week high, and does it have a supportive Up/Down Volume Ratio? How It Works (Detailed Calculations) 1. Custom Trend Ribbon (4x MA Mix): The script plots 4 independent Moving Averages. Innovation: Unlike standard inputs, each MA can be individually toggled between SMA (Simple) or EMA (Exponential). This allows traders to mix "Fast" trend lines (e.g., 10 or 20 EMA) with "Slow" institutional lines (e.g., 50 or 200 SMA) in one overlay. 2. "Purple Dot" Ignition Detection: This features a custom detection algorithm for "Ignition Bars." Logic: It compares the current candle's Close to the previous Close. If the move exceeds a user-defined threshold (default 5%) AND the Volume exceeds a fixed liquidity threshold (default 500k), a Purple Dot is plotted. This filters out "low volume drift" and highlights true institutional participation. 3. Relative Volume (RVol) Engine: Calculates the ratio of Current Volume to the 50-period SMA of Volume. Visuals: If the ratio exceeds the user threshold (e.g., 1.5x average), the dashboard highlights the data, and optionally the chart bars, alerting the trader to unusual activity. 4. Statistical Dashboard (Data Panel): Using request.security, the panel fetches daily timeframe data regardless of the chart view. 52-Week & 13-Week H/L: Calculates the percentage distance from these key levels to gauge overhead supply. U/D Ratio: Calculates the sum of volume on "Up Days" vs. "Down Days" over 50 periods. A value > 1.0 suggests institutional accumulation. Float %: (Stocks Only) Fetches financial data to show the percentage of shares available for trading. How to Use This Script This script is designed for Trend Following and Breakout Trading: The Setup: Use the Data Panel to find stocks with a U/D Ratio > 1.0 and price within 15% of the 52-Week High. The Trend: Ensure price is above the MA 2 (set to 50 SMA) and MA 4 (set to 200 SMA) to confirm a Stage 2 uptrend. The Trigger: Watch for the Purple Dot. If a Purple Dot appears as price breaks out of a consolidation (base), it confirms institutional buying. Use the RVol panel to confirm that volume is at least 1.5x normal levels. Risk Management: Use the MA 1 (set to 20 EMA) as a trailing stop-loss during strong trends. Settings & Configuration MAs: Fully adjustable Length and Type (SMA/EMA). Big Move (Purple Dot): Adjust the % Move based on asset volatility (e.g., use 3% for Large Caps, 10% for Crypto). Table: The data panel is fully dynamic. You can toggle specific rows (like Float or SMA distance) On/Off to save screen space, and position it anywhere on the chart. Credits & References The concept of Relative Volume (RVol) and U/D Ratio is derived from standard Volume Analysis used by William O'Neil. The "Big Move" combined with Volume thresholds is based on standard Volume Spread Analysis (VSA) concepts regarding "Effort vs. Result." Financial data fetch (Float) utilizes TradingView's built-in financial() library.
Pine Script® indicator
by atticsalt
Statistcal Daily Profile & Ranges# Statistical Daily Profile & Ranges - TradingView Publication Guide ## Overview The **Statistical Daily Profile & Ranges** indicator is a comprehensive tool designed to analyze intraday session behavior and daily range characteristics. It combines Average Daily Range (ADR) projection levels with detailed session-by-session statistics and probability-based trading insights derived from historical price action patterns. ## What This Indicator Does This indicator provides traders with three core analytical components: 1. **ADR Projection Levels** - Dynamic support/resistance levels based on historical daily ranges 2. **Session Range Analysis** - Visual boxes and statistical breakdowns for four key trading sessions 3. **Dynamic Probability Display** - Real-time probability statistics based on overnight session relationships ## How It Works ### Average Daily Range (ADR) Calculation The indicator calculates the average daily range over a user-defined lookback period (default: 10 days) and projects this range from each day's opening price. This creates two key levels: - **ADR High**: Opening price + average daily range - **ADR Low**: Opening price - average daily range - **ADR Median**: The opening price (middle of the projected range) These levels are recalculated at the start of each trading day and extend forward, providing dynamic support and resistance zones based on recent volatility characteristics. ### Session Tracking & Statistics The indicator monitors four distinct trading sessions (times in Eastern Time): 1. **Asia Session** (8:00 PM - 2:00 AM) 2. **London Session** (2:00 AM - 8:00 AM) 3. **NY Open** (8:00 AM - 9:00 AM) 4. **NY Initial Balance** (9:30 AM - 10:30 AM) For each session, the indicator: - Draws a colored box showing the session's high-to-low range - Tracks the opening price, high, and low - Stores historical data for statistical analysis - Calculates average ranges by day of week (Monday through Friday) The session statistics are displayed in a customizable table showing average point ranges for each session across different weekdays, helping traders identify which sessions and days typically produce the most movement. ### Dynamic Probability System The indicator analyzes the relationship between the Asia and London sessions to determine the current market setup. After the London session closes, it automatically detects one of four possible conditions: **1. London Engulfs Asia** - London session breaks both above Asia's high AND below Asia's low - This indicates strong momentum during the European session - Most common occurrence pattern **2. Asia Engulfs London** - Asia session range completely contains the London session range - Indicates consolidation during London hours - Relatively rare pattern (occurs approximately 5.36% of the time) **3. London Partially Engulfs Upwards** - London breaks above Asia's high but stays above Asia's low - Suggests bullish momentum continuation from Asia into London **4. London Partially Engulfs Downwards** - London breaks below Asia's low but stays below Asia's high - Suggests bearish momentum continuation from Asia into London Once a condition is detected, the indicator displays a probability table showing historically observed outcomes for that specific setup, including: - Probability of NY session taking out key levels (Asia high/low, London high/low) - Probability of NY session engulfing the entire overnight range - Directional bias for NY Cash session (9:30 AM - 4:00 PM) ## How to Use This Indicator ### Initial Setup 1. Add the indicator to your chart (works on any intraday timeframe below Daily) 2. Adjust the **ADR Days** setting (default: 10) to control the lookback period for range calculation 3. Adjust the **Session Lookback Days** setting (default: 50) to determine how much historical data feeds the statistics tables ### Reading the ADR Levels - Use the **ADR High** and **ADR Low** lines as potential profit targets or areas where price may encounter resistance - The **ADR Median** line represents the opening price and can act as a pivot point for intraday directional bias - If price reaches the ADR High early in the session, it suggests strong bullish momentum; conversely for ADR Low - These levels adapt daily based on recent volatility, making them more responsive than static levels ### Interpreting Session Boxes - **Session boxes** visually highlight when each trading session is active and its price range - Larger boxes indicate higher volatility during that session - Compare current session ranges to the statistical averages shown in the table - Sessions that are unusually quiet or active relative to historical averages may signal compression or expansion ### Using the Session Statistics Table - The table shows average point ranges for each session broken down by weekday - Identify which sessions typically produce the most movement on specific days - For example, if London on Thursdays averages 40 points while Mondays average 25 points, you can adjust position sizing or expectations accordingly - The **Total** column shows the overall average across all days - Sample sizes (shown in brackets if enabled) indicate data reliability ### Trading with the Probability Table The probability table updates dynamically after the London session closes and shows statistically probable outcomes based on 12 years of NQ futures data. **Important Limitations:** - **These probabilities are derived from NQ (Nasdaq E-mini futures) data only** - **Do NOT apply these probability statistics to other instruments** (ES, stocks, forex, etc.) - The probabilities represent historical frequencies, not guarantees - Always combine with your own analysis, risk management, and market context **How to Apply the Probabilities:** When **London Engulfs Asia**: - Watch for NY session to take out London's extremes (72.33% probability for high, 71.12% for low) - Slight bullish bias in NY Cash session (54.80% vs 45.20%) - Lower probability of complete overnight engulfment (44.13%) When **Asia Engulfs London** (rare - 5.36% occurrence): - Higher probability NY takes Asia's high (75.86%) - Moderately high probability NY takes Asia's low (65.52%) - Slight increase in bullish bias (58.42% vs 41.58%) - Recognize this as an unusual setup When **London Partially Engulfs Upwards**: - Very high probability NY takes London high (81.51%) - Strong probability NY takes London low (64.45%) - Moderate probability NY takes Asian low (53.16%) - Slight bullish bias (55.52%) When **London Partially Engulfs Downwards**: - Very high probability NY takes London low (75.29%) - Strong probability NY takes London high (68.80%) - Moderate probability NY takes Asian high (56.44%) - Slight bullish bias maintained (52.99%) ### Practical Trading Applications **Scenario 1: Range Projection** If the ADR is 500 points and the market opens at 25,000: - ADR High: 25,500 (potential resistance/target) - ADR Low: 24,500 (potential support/target) - Monitor how price interacts with these levels throughout the day **Scenario 2: Session-Based Trading** Using the statistics table, you notice London on Wednesdays averages 35 points. During a Wednesday London session: - If London has already moved 30 points, the session may be exhausting its typical range - If London has only moved 15 points with an hour remaining, there may be expansion potential - Adjust stop losses and targets based on typical session behavior **Scenario 3: Probability-Based Setup** It's 8:05 AM ET and the indicator shows "London Partially Engulfs Upwards": - You now know there's an 81.51% historical probability NY will take out London's high - There's a 53.16% probability NY will reach down to Asia's low - The NY Cash session has a slight bullish bias (55.52%) - Consider this alongside your technical analysis for directional bias and level targeting ## Customization Options ### Visual Settings - **Line Width**: Adjust thickness of ADR levels - **ADR Color/Style**: Customize appearance of ADR projection lines (solid, dashed, dotted) - **Median Line**: Toggle visibility and customize appearance separately - **Session Box Colors**: Customize each session's box color independently - **Show Session Boxes**: Toggle session box visibility on/off ### Label Settings - **ADR Labels**: Show/hide labels for ADR High and ADR Low, adjust size - **Median Label**: Separate control for median line label - **Session Labels**: Show/hide session name labels, adjust size - **Label Colors**: Customize text colors for all labels ### Table Settings - **Session Stats Table**: Position (9 locations available), size (Tiny to Huge), toggle on/off - **Sample Sizes**: Show/hide the number of historical samples used for each calculation - **Probabilities Table**: Separate position and size controls, toggle on/off ### Session Times - Each session's time range can be customized to fit different markets or preferences - All times are in Eastern Time (America/New_York timezone) ## Technical Notes ### Data Requirements - The indicator requires sufficient historical data based on your lookback settings - Minimum recommended: 50+ days of intraday data for reliable statistics - Works on any timeframe below Daily (1-minute, 5-minute, 15-minute, etc.) ### Calculation Methodology - **ADR Calculation**: Simple average of absolute daily high-low ranges - **Session Statistics**: Mean average of ranges for each session filtered by day of week - **Condition Detection**: Boolean logic comparing session high/low relationships - All calculations update in real-time as new bars form ### Probability Data Source The probability statistics displayed in the dynamic table are derived from: - **Dataset**: 12 years of NQ (Nasdaq E-mini futures) historical data - **Methodology**: Frequency analysis of outcomes following specific setup conditions - **Time Period**: Multiple market cycles including various volatility regimes **Critical Warning**: These probabilities are specific to NQ and reflect that instrument's behavior patterns. Market microstructure, participant behavior, and volatility characteristics differ significantly across instruments. Do not apply these NQ-derived probabilities to other markets (ES, RTY, YM, individual stocks, forex, commodities, etc.). ## Best Practices 1. **Combine with Other Analysis**: Use this indicator as one component of a complete trading methodology, not a standalone system 2. **Respect Risk Management**: Probabilities are not certainties; always use proper position sizing and stop losses 3. **Context Matters**: High-impact news events, holiday trading, and extreme volatility can invalidate typical patterns 4. **Verify Statistics**: Monitor your own results and compare to the displayed probabilities 5. **Adapt Session Times**: If trading instruments with different active hours, adjust session times accordingly 6. **Regular Calibration**: Periodically review if the session averages and probabilities remain relevant to current market conditions ## Understanding Originality This indicator is original in its approach to combining three analytical frameworks into a single tool: 1. **Dynamic ADR Projection**: Unlike static pivot points, these levels adapt daily based on recent volatility 2. **Session-Specific Statistics**: Goes beyond simple volume profiles by quantifying average ranges for specific time windows across weekdays 3. **Conditional Probability Display**: Automatically detects overnight session relationships and displays relevant probability data rather than showing all scenarios simultaneously The conditional logic system that determines which probability set to display is a key differentiator—traders only see the statistics relevant to the current market setup, reducing information overload and improving decision-making clarity. ## Summary The **Statistical Daily Profile & Ranges** indicator provides traders with a comprehensive framework for understanding daily range potential, session-specific behavior patterns, and probability-based setup analysis. By combining ADR projection levels with detailed session statistics and dynamic probability displays, traders gain multiple perspectives on potential price movement within the trading day. The indicator is most effective when used to: - Set realistic profit targets based on average daily range - Identify which sessions typically produce movement on specific weekdays - Understand probability-weighted outcomes for different overnight setup conditions (NQ only) - Visualize session ranges and compare them to historical averages Remember that all statistical analysis reflects historical patterns, and market behavior can change. Always combine indicator signals with sound risk management, proper position sizing, and your own market analysis.
Pine Script® indicator
by lucymatos
4
Watermark | Bar Time | Average Daily RangeMulti Info Panel & Watermark Multi Info Panel & Watermark is a utility indicator that displays several pieces of chart information in a single, customizable panel. It is designed to support intraday and swing analysis by making key data—such as symbol details, date, and average daily range—easy to see at a glance, as well as providing simple tools for notes and backtesting. Features Watermark / Custom Note Optional text overlay that can be used as a watermark or personal note. Can display a strategy name, reminder, or any other user-defined label on the chart. Ticker Info Shows information about the currently active symbol on the chart (for example, symbol name and other basic details depending on the inputs). Helps keep track of which market or pair is being analyzed, especially when using multiple charts. Current Date Displays the current date directly on the chart. Useful for screenshots, journaling, and documenting analysis. Average Daily Range (ADR) Calculates the average daily range of the active symbol over a user-defined number of recent days. Helps visualize how much price typically moves in a day, which can support position sizing, target setting, or volatility awareness within your own trading approach. Open Bar Time Marker Marks the open time of a selected bar (for example, a session open or a specific reference bar). Primarily intended as a visual aid for manual backtesting and reviewing historical price action. Usage Use the watermark and ticker info to keep your charts labeled and organized. Refer to the ADR readout to understand typical daily volatility of the instrument you are studying. Use the date and open bar time marker when creating screenshots, trade journals, or when replaying historical sessions for review. This script does not generate trading signals and does not guarantee any performance or results. It is provided solely as an informational and visualization tool. Always combine it with your own analysis, risk management, and decision-making. Nothing in this indicator or description should be considered financial advice.
Pine Script® indicator
by AtomicPips