ES Balance Inventory Market ProfileES Balance Inventory Market Profile plots projected ES market-structure levels using a major historical balance zone as the anchor.
The script starts from a user-defined base balance range and projects that balance width upward in repeated increments. The purpose is to visualize how an important historical balance area can continue to act as a structural reference framework as price moves into higher regimes.
Psychology behind the indicator:
This indicator is inspired by inventory psychology, auction-market behavior, and balance-zone theory. The core idea is that markets often behave like inventory-driven businesses: price builds around a cost basis, then moves higher when inventory is marked up for distribution or lower when inventory has to be repriced.
A major balance zone can become a psychological anchor because traders, funds, and algorithms may continue to reference prior areas where meaningful business was done. The projected levels are meant to represent repeated inventory shelves above the original balance.
When price approaches one of these shelves, the key question is not whether the level will automatically hold. The useful information comes from how market participants behave around it: acceptance, rejection, failed breakdowns, failed breakouts, reclaim attempts, compression, expansion, volume response, and volatility response.
The psychology is also rooted in memory, positioning, and auction behavior. Large historical balance areas can leave a lasting footprint because traders remember them, systematic models may reference them, and price often rotates between structural zones when liquidity, positioning, or volatility changes.
Features:
• Uses a user-defined historical balance zone as the base range
• Projects repeated balance-width levels up to 10,000
• Plots clean horizontal structure levels directly on the chart
• Right-side labels make each level easy to read
• Current market zones from 5,000 to 8,000 are visible by default
• Users can enable or disable level ranges in 1,000-point increments
• Customizable colors, label spacing, and line extension settings
Suggested use:
Use these levels as structural reference zones, not as automatic buy or sell signals. The most useful information comes from how price behaves around a level: acceptance, rejection, reclaim, failure, compression, or expansion away from the zone.
This indicator can be used alongside price action, volume, VWAP, market profile, volatility, and broader market context to support discretionary analysis.
This script does not generate trade signals, does not predict future price movement, and does not provide financial advice. It is an educational and visual market-structure tool only. Trading involves risk, and users should make their own decisions based on their own analysis and risk tolerance. Indicator
Precision SPXPrecision SPX — Multi‑Timeframe Levels + Automated Alerts for SPX Traders
Precision SPX is a manual‑control Support and Resistance system built for SPX traders who rely on structure, precision, and daily level updates. It plots Monthly, Weekly, Daily, and Daily Range levels to map where price may react, reverse, or consolidate. This version includes a full alert engine that notifies you the moment price interacts with any level.
Core Features
Multi‑Timeframe Levels
The indicator plots a complete structure:
Monthly Levels — High & Low
Weekly Levels — High & Low
Daily Levels — Six total (4 Red, 2 Pink)
Daily Range Levels — High & Low
All levels are manually entered for maximum precision.
Customizable Visuals
Adjustable label size
Adjustable horizontal label placement
Toggle level labels on/off
Clean color‑coded hierarchy
ES/SPY Conversion Support
Optional manual ES spread or SPY ratio input
Automatically adjusts SPX levels
Lightweight & User‑Friendly
No repainting
No heavy calculations
Easy to integrate into any chart layout
How It Works
Precision SPX plots manually‑controlled Support and Resistance levels across multiple timeframes. Each level is labeled and color‑coded so you can quickly identify:
Higher‑timeframe structure
Daily intraday reaction zones
Overnight range boundaries
Breakout and reversal points
How to Use It
1. Apply the Indicator
Add Precision SPX to your chart.
2. Enter Your Levels
Input your Daily, Daily Range, Weekly, and Monthly levels into the string fields.
3. Trade With Structure
Use the plotted levels to identify:
Reversals
Breakouts
Retests
Stop‑loss placement
High‑probability reaction zones
Combine with trendlines, volume profile, or oscillators for confirmation.
Built‑In Alerts
Precision SPX includes a complete alert engine so you can receive notifications when price crosses any level.
Alert Modes
Any alert() function call — triggers when price crosses any level, with duplicate‑candle suppression.
Individual Level Alerts — choose a specific level such as:
R2_Hi, R1_Hi, P_Hi, P_Lo, R1_Lo, R2_Lo, DR_Hi, DR_Lo, W_Hi, W_Lo, M_Hi, M_Lo.
Level Categorization
Daily Levels:
Red: R2_Hi, R1_Hi, R1_Lo, R2_Lo
Pink: P_Hi, P_Lo
Daily Range:
DR_Hi, DR_Lo
Weekly Levels:
W_Hi, W_Lo
Monthly Levels:
M_Hi, M_Lo
How to Add Alerts
Open the TradingView alert panel
Select Precision SPX as the condition
Choose Any alert() function call or a specific level
Set expiration, message, and notification preferences
Save
Daily Workflow
Because SPX levels change daily:
Update your daily string values
Create a new alert each day (TradingView requires this for updated values)
Alerts will trigger based on the conditions you select
Release Notes — Precision SPX
Feb 2026 — Major Update
Full alert engine added
“Any alert() function call” support
Duplicate‑candle suppression
Complete level categorization
Daily update workflow
Cleaned and reorganized structure
Legacy Notes (From Precision Levels)
Jun 12, 2025
Added highlighted price labels with adjustable size
Added ES/SPY conversion inputs
Dragging disabled when conversion is active
Jun 28, 2025
Added customizable label placement
Reordered string input structure
Standardized daily color order
Added toggle for level labels
Nov 8, 2025
Added Daily Range levels
Updated string hierarchy
Example structure:
Red, Red, Pink, Pink, Red, Red, DR_Hi, DR_Lo, Weekly, Weekly, Monthly, Monthly Indicator
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