Fundamental Dashboard [Standalone]Overview
The Fundamental Strength Dashboard is a streamlined utility designed to evaluate the fundamental health of a stock directly on your chart. Instead of relying solely on price action, this indicator fetches real-time financial data to assess profitability, valuation, and financial stability.
It aggregates five core financial metrics into a single "Fundamental Score" (0-5) and displays a clear rating (Strong Buy, Buy, Neutral, or Weak/Sell) in a customizable dashboard table.
How It Works
The script analyzes the following 5 Key Fundamental Metrics. For a stock to receive a "point" for a specific metric, it must meet the criteria defined in your settings:
Net Income (Profitability): Checks if the company is actually profitable (Net Income > 0).
EPS (Earnings Per Share): Ensures the company has positive Earnings Per Share (TTM).
P/E Ratio (Valuation): Checks if the stock is valued reasonably compared to your maximum threshold (default: < 45).
Debt-to-Equity (Leverage): Analyzes financial risk. Lower is better (default: < 0.5).
ROE (Efficiency): Measures how effectively management uses equity to generate profit (default: > 15%).
The Scoring System
The indicator calculates a cumulative score based on how many of the above criteria are met:
Score 5/5 → STRONG BUY: The stock meets all profitability, valuation, and stability criteria.
Score 4/5 → BUY: The stock misses only one criterion but is otherwise fundamentally sound.
Score 0-3 → WEAK / SELL: The stock fails multiple fundamental checks (e.g., negative earnings, high debt, or overvaluation).
Features & Customization
Every trader has different risk appetites and sector preferences. You can fully customize the thresholds in the Settings menu:
Max P/E Threshold: Adjust this based on the sector (e.g., Tech stocks typically have higher P/Es than Utilities).
Min ROE %: Set your requirement for management efficiency.
Max Debt/Equity: Tighten or loosen leverage requirements.
Visuals: Change the table position (Top Right, Bottom Right, etc.) and color scheme to match your chart theme.
How to Use
Add the indicator to your chart.
Open the Settings (Gear icon).
Adjust the Dynamic Thresholds to fit the sector you are trading.
Look at the dashboard on the chart to see a snapshot of the stock's fundamental health.
Disclaimer
This script is for educational and informational purposes only. It relies on third-party financial data provided by TradingView, which may occasionally be missing or delayed. Always do your own research (DYOR) before making investment decisions.
Indicators and strategies
HMA Direction Scalping + Liquidity Zones + Metricsuses hma to determine buy and sell using 9hma for direction.
CAHOLD / CBLOHDCAHOLD (Close Above Highest Low Day) and CBLOHD (Close Below Lowest High Day)
The logic is based on identifying pullbacks followed by strength in the direction of the trend, making it useful as a trend-continuation entry signal rather than a reversal tool.
⸻
How CAHOLD Works (Bullish)
1. A sequence of red candles forms (a pullback).
2. The first green candle appears.
3. The script identifies the highest high of the prior red-candle sequence (HOLD).
4. A CAHOLD signal triggers when a green candle closes above that HOLD level.
5. A small green arrow is plotted below the candle.
⸻
How CBLOHD Works (Bearish)
1. A sequence of green candles forms (a bounce).
2. The first red candle appears.
3. The script identifies the lowest low of the prior green-candle sequence (LOHD).
4. A CBLOHD signal triggers when a red candle closes below that LOHD level.
5. A small red arrow is plotted above the candle.
⸻
Optional Filters
• EMA / SMA Trend Filter
Only shows CAHOLDs in uptrends and CBLOHDs in downtrends.
• Minimum Pullback Depth
Requires a minimum number of red/green candles before a signal can trigger.
• ATR Breakout Filter
Requires price to break the level by a volatility-adjusted amount.
Offset Bollinger Bandsbollinger band offset by 10 period. Appied on daily time frame for entry and exit
ATR + Moving AverageThis indicator shows a manually calculated Average True Range (ATR) along with a moving average of the ATR.
The ATR measures current candle volatility.
The ATR Moving Average shows the average candle size over the selected period.
Both can use different smoothing types (RMA, SMA, EMA, WMA) for flexibility.
It’s useful for seeing when price is stretched, volatility is expanding or contracting, and for higher-timeframe mean-reversion analysis.
Hardwaybets Strat Market Checklist Trading## **Hardwaybets TheStrat Market Checklist Engine**
**A Checklist-Driven TheStrat Trading**
---
### **Overview**
This script is an **informational market context and permission framework** designed to help users **organize structural and liquidity information** in a clear, checklist-based format.
It evaluates **price context only** and displays the results in a table.
It does **not** generate trade signals or trading instructions.
---
### **What This Script Does**
The indicator evaluates and displays:
* Nearest prior **Area of Interest (AOI)**
(Previous Day High/Low or Previous Week High/Low)
* Higher-timeframe structural bias (Daily & Weekly)
* Proximity to liquidity
* Liquidity behavior (acceptance vs rejection)
* **Strat pattern classification only** (12 canonical patterns)
* A final **permission state** based on the above conditions
All information is presented as **contextual reference data**, not execution guidance.
---
### **What This Script Does NOT Do**
* ❌ No buy or sell signals
* ❌ No arrows, markers, or execution prompts
* ❌ No entries, exits, stops, or targets
* ❌ No performance metrics or profitability claims
* ❌ No strategy or backtesting logic
The word **“TRADE”** in the dashboard refers to **permission status only**, not a recommendation to trade.
---
### **Dashboard Modes**
* **Full Mode**: displays AOI price and distance (points & ticks)
* **Compact Mode**: minimal checklist view for reduced screen usage
Both modes are **informational only**.
---
### **Pattern Classification**
The script identifies and labels Strat candle pattern **types only**, including:
* Reversal patterns
* Continuation patterns
* Compression patterns
* Expansion patterns
Pattern labels are **descriptive classifications**, not signals or instructions.
---
### **Intended Use**
This script is intended to be used as a **contextual reference tool** alongside a user’s own analysis, rules, or education.
It may be useful for:
* Market structure study
* Liquidity behavior observation
* Pattern classification review
* Educational purposes
---
### **Technical Notes**
* Pine Script® v6
* Uses completed candles only
* No repainting logic
* No future data access
* Table-based UI only
---
### **Disclaimer**
This indicator is provided **for educational and informational purposes only**.
The author does not provide financial advice, trading recommendations, or execution guidance.
All trading decisions remain the sole responsibility of the user.
---
### **Conceptual Attribution**
This script is inspired by publicly available market structure concepts commonly referred to as “The Strat” methodology.
No proprietary or paid content is included.
---
### **Feedback**
Constructive feedback and suggestions are welcome.
Please note that this script is intentionally **non-signaling by design**.
Candles by Day of WeekCandles by Day of Week
Candles by Day of Week (INLINE) is a lightweight visual indicator that colors price candles based on the day of the week.
It helps traders quickly recognize weekly patterns, market behavior differences, and day-specific tendencies directly on the chart.
🔹 Key Features
Candle coloring for Monday through Sunday
Enable or disable each weekday individually
Custom color selection for every day
Day enable toggle and color input are combined in one line for cleaner settings
Uses barcolor() — no candle shifting or overlay issues
Compatible with all markets: Forex, Crypto, Stocks, Indices
Works on all timeframes
🔹 How It Works
The indicator detects the day of the week for each candle and applies the selected color if that day is enabled.
Disabled days keep the chart’s default candle colors unchanged.
This approach ensures:
No interference with price data
No displacement from the main chart
Full compatibility with other indicators
🔹 Practical Use
Analyze weekday-based market behavior
Spot recurring patterns or volatility by day
Improve discretionary and session-based strategies
Enhance chart readability and visual clarity
🔹 Notes
Saturday and Sunday candles are mainly relevant for Crypto markets
Forex traders may choose to disable weekend days
The indicator is purely visual and does not affect calculations or signals
🔹 Customization
All settings can be adjusted in the indicator’s Inputs:
Toggle individual days on or off
Select custom candle colors per day
Instantly adapt the indicator to your trading style
🔹 Disclaimer
This indicator is intended for visual analysis only and should be used as a supportive tool alongside other forms of technical analysis.
It does not provide buy or sell signals.
Jpi for LIFEEEEhmm like idk it kinda just marks out with a veritcal line 8am nyc 10:30 nyc and 10am nyc idk why but like ye ig its comfortable
Continuous Round Number LevelsWhat the Indicator Does:
This indicator draws red horizontal lines on the chart at every round price level – that is, prices ending with 00, 000, or other round numbers according to the roundStep setting.
How It Works:
The indicator checks the visible price range on the chart, based on the number of bars defined (lookbackBars).
It calculates the nearest round price levels within this range – both the lowest and highest visible prices.
For each round level within the range, it creates a red horizontal line that extends both forward and backward across the chart (extend.both).
The lines update automatically when you scroll the chart or when the market price changes, so you always see the relevant round levels.
Benefits:
Provides a clear visual of round number levels, which often act as natural support or resistance zones in trading.
Lines are visible across the entire chart, making it easy to see where price may pause or reverse.
Adjustable for different assets by changing the roundStep.
Real-time updating ensures the lines always match the visible price range.
In short, this indicator makes it easy to identify natural support and resistance levels visually, with continuous lines across the chart, helping you make more precise trading decisions.
If you like, Your Majesty, I can also create an advanced version with Decision Zones around each round level, so you have safe entry zones for trades rather than just a single line.
Do you want me to do that?
Premarket & PD H/L scannerpremarket scanner for top stock picks
Uses a stock selection of your own choosing that can be adjusted in the script as need be.
Both the premarket low or high is compared and also previous day high or low in order to determine trend and pinpoint which tickers are best suited to trade on a particular day
Replay CountdownDisplays countdown for current bar in Replay mode.
Optionally also displays the current replay time in the exchange timezone.
3 VCT + SMA200//@version=5
indicator("3 VCT + SMA200", overlay=true)
// SMA200
smaLength = 200
sma200 = ta.sma(close, smaLength)
plot(sma200, "SMA200", color=color.orange, linewidth=2)
// Condiciones de velas
isBullish = close > open
isBearish = close < open
// Contador de velas consecutivas
var contraCount = 0
if (close > sma200) // Tendencia alcista → buscamos 3 velas bajistas
if isBearish
contraCount += 1
else
contraCount := 0
else if (close < sma200) // Tendencia bajista → buscamos 3 velas alcistas
if isBullish
contraCount += 1
else
contraCount := 0
// Señal cuando se cumplan 3 consecutivas en contra
signal = (contraCount == 3)
// Mostrar en gráfico
plotshape(signal, title="Señal 3 velas", style=shape.labeldown,
text="", location=location.abovebar,
color=color.red, size=size.tiny, textcolor=color.white)
// Crear condición de alerta
alertcondition(signal, title="3 Velas Contra Tendencia",
message="Se han formado 3 velas en contratendencia respecto a la SMA200.")
Daily SMA 10/20/50/200 (Timeframe Agnostic)This indicator plots the 10, 20, 50, and 200-period Simple Moving Averages calculated on a user-selected base timeframe (default: Daily), then displays them on any chart timeframe (intraday, daily, weekly, monthly). Each SMA has independent controls for visibility, color, and line thickness.
Money VolThe indicator displays the trading volume in monetary terms and its ratio to the average trading volume over 100 periods. It highlights volumes that are 2x, 5x, 10x, or less than 2x the average.
Индикатор показывает объем торгов в денежном выражении, отношение к среднему объему торгов за 100 периодов, подсвечивает х2, х5, х10 и меньше более чем х2
Udta Teer Its normal vwap which is already available in tradingview. But it has added bands with help of AI
SMA 20/50/100/200Simple Moving Averages indicator plotting the 20, 50, 100, and 200 SMAs based on the **active chart timeframe**. Designed to adapt dynamically as you change timeframes, it helps visualize short-, medium-, and long-term trend structure, momentum shifts, and dynamic support and resistance. Color-coded for clarity with consistent line thickness for clean, readable trend analysis.
MarketMind LITEM🜁rketMind LITE ────────────────────
Essential Market Awareness, Reduced to Its Core
M🜁rketMind LITE is a lightweight market awareness tool designed to display essential situational context .
It provides basic orientation and movement awareness without interpretation, risk framing, diagnostics, or decision guidance.
This script is designed as a standalone awareness layer. It does not evaluate trade quality, issue signals, or influence decision-making.
WHAT IT DOES ────────────────────
M🜁rketMind LITE presents a minimal, static view of current market conditions focused entirely on awareness rather than analysis.
The system displays only essential context, allowing traders to stay oriented without introducing judgment, noise, or implied direction.
The script provides visibility into:
Time-of-day session context
Basic market regime classification (trending, range-bound, mixed)
Short-term momentum direction only (up, down, neutral)
A clean, static HUD display
M🜁rketMind LITE also includes a minimal visual state indicator that reflects recent price responsiveness, intended to be observed over time alongside the trader’s own experience.
The goal is to support awareness without influence .
HOW TO USE IT ────────────────────
M🜁rketMind LITE is not a signal generator.
It is designed to remain visible in the background of any chart, offering quiet orientation while traders rely entirely on their own process for analysis and execution.
Common use cases include:
Maintaining session awareness
Preserving context during focused trading periods
Reducing cognitive load while monitoring markets
M🜁rketMind LITE does not evaluate risk, alignment, or opportunity.
It simply shows what is happening.
DESIGN PHILOSOPHY ────────────────────
M🜁rketMind LITE is intentionally minimal.
It includes only essential awareness elements and excludes all interpretive or evaluative logic:
Situational context only
Directional momentum (up / down / neutral)
No diagnostics, confidence, or conviction framing
No process, risk, or quality assessment
Presentation controls only (HUD on/off, size, position)
Nothing is inferred.
Nothing is suggested.
This script shows market state without interpretation.
WHO IT IS FOR ────────────────────
M🜁rketMind LITE is suited for traders who:
Want passive situational awareness
Prefer minimal on-chart information
Already operate with a defined decision process
It is not designed for:
Analytical or diagnostic use
Risk evaluation or context synthesis
Traders seeking guidance or confirmation
IMPORTANT NOTES ────────────────────
M🜁rketMind LITE does not provide financial advice
No system can predict future price behavior
This tool is designed for awareness only
Used appropriately, M🜁rketMind LITE helps traders stay oriented without interference.
REM Algo - Earnings AlertsNot everyone wants to hold positions through earnings announcements — and if you’re evaluating a strategy, earnings-related gaps can distort performance metrics and make results harder to interpret.
This script helps you manage earnings risk by triggering alerts during an Earnings Blackout window. You can:
get an alert to close positions the day before earnings, and/or
receive a reminder not to open new positions on blackout days prior to the earnings announcement.
Add alerts to the stocks you trade. When a blackout day occurs, the script triggers at the hour and minute you choose in the settings. The Earnings Blackout period covers the day before and the day of the earnings announcement, adjusted for weekends and market holidays.
Use it as a standalone risk-control tool — or alongside your existing strategy — so earnings gaps don’t interfere with your trading rules or your backtest results.
Stoch RSI M5 / M30 / H1_Brando ValenciaIndicator Description
This indicator displays the Stochastic RSI for 5-minute, 30-minute, and 1-hour timeframes simultaneously in one stable MTF panel — no lookahead, no repainting.
Red (5m) → entry timing
Green (30m) → short-term / intraday bias
Blue (1h) → higher-timeframe context & direction
The calculation matches the TradingView default Stoch RSI (%K) exactly:
RSI length: 14
Stochastic length: 14
Smoothing: 3
Levels
Above 80 → overbought
Below 20 → oversold
50 → trend filter / equilibrium
Purpose
This indicator is not a standalone entry trigger, but a context and timing tool:
1h & 30m define direction
5m provides precise entry windows
Ideal for scalping and day trading (e.g. EUR/USD during London & New York sessions).
Global Net Liquidity w/offsetShows the value of Global Net Liquidity.
Currently defined as:
Fed + Japan + China + HK + UK + ECB - RRP - TGA
where the first six components are central bank assets.
This script has been heavily inspired by dharmatech 's Global Net Liquidity
Original script can be viewed here:
Special for this script:
Hong Kong assets added
Offset mode
Smooth vs stepped line in lower than 1D time frame
Switch between trillion USD or full number
Defaults to overlay mode when added to chart
For Bitcoin, 90 days, is a fitting offset.
For SPX, around 60-70 days, is a fitting offset.
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.






















