Previous-close

Prior Close Reclaim Planner [AGPro Series]Prior Close Reclaim Planner 🧠 Core Idea Is the prior close being reclaimed, rejected, or treated as a live magnet by the current market? 📌 Overview / What it does Prior Close Reclaim Planner maps the completed prior close as a live support/resistance reference and evaluates how price reacts around that level. The script displays a prior-close rail, an ATR-based reclaim pocket, reclaim labels, rejection labels, magnet-zone labels, right-side reference tags, and a compact AG Pro dashboard with a 0-100 reclaim score. It does not predict where price will go next. It helps organize the reaction around the previous close: reclaim quality, rejection pressure, magnet risk, rail state, and action context. 🎯 Purpose & Design Philosophy The previous close is one of the simplest reference levels on a chart, but it is often read too casually. This script was built to turn that reference into a structured planning map. It helps traders see whether the prior close is acting as support, resistance, a magnet, or a failed reclaim zone. The design supports a patient decision-support mindset: read the rail, evaluate the reaction, check the score, and place the output inside broader market context. ⚡ Why This Script Is Different Most tools draw a prior close line and stop there. This script does NOT treat the prior close as a passive horizontal level. Instead, it builds an active reclaim planner with a pocket, reaction labels, magnet context, relative-volume support, volatility fit, a readiness score, and a clear action state. ⚙️ Methodology 1. Prior Close Detection The script sources the completed prior close from the selected reference timeframe. Daily is the default setting for previous-session analysis. 2. Reclaim Pocket Mapping An ATR-based pocket is created above and below the prior close. This pocket is used to avoid overreacting to tiny ticks around the rail. 3. Reaction Evaluation The script evaluates close location, wick response, relative volume, distance from the rail, and volatility fit. 4. Visual Output The chart receives the rail, pocket, labels, right-side tags, bar coloring if enabled, and a dashboard panel summarizing the current state. 🗺️ How to Read the Chart The central rail shows the completed prior close. The pocket around the rail shows where reclaim and rejection behavior is evaluated. Labels highlight bullish reclaim, bearish reclaim, rail defense, rail rejection, magnet-zone entries, and failed reclaim behavior. Colors represent context: • Teal → bullish reclaim or defense • Pink → bearish reclaim or rejection • Gold → neutral or waiting context • Indigo → magnet or monitoring context The panel summarizes: • Prior Close • Reclaim Score • Magnet Risk • Rail State • Action 🚦 Signals & States • Bull Prior Close Reclaim → price closed above the reclaim pocket • Bear Prior Close Reclaim → price closed below the reclaim pocket • Rail Defense → price tested the pocket and closed back above it • Rail Rejection → price tested the pocket and closed back below it • Magnet Zone → price is close enough to the prior close to treat the rail as active • Invalidated → a reclaim attempt failed back through the prior-close rail • READY → reclaim/rejection quality is strong enough to monitor • MONITOR → price is near the rail, but conditions are not fully ready • WAIT → no strong prior-close reaction is active 🔔 Alerts Logic Alerts can trigger when price reclaims the prior close pocket, rejects the pocket, enters the magnet zone, reaches READY conditions, or invalidates a reclaim attempt. Alerts are attention markers only. They are not trade instructions. 🧩 Confluence Logic The prior-close context becomes stronger when close location, wick response, relative volume, volatility fit, and distance from the rail align. For example, a reclaim with strong close quality, acceptable volume, and controlled distance from the rail is more structured than a weak close far from the reference. 📊 When to Use • Intraday trading around the previous session close • Session reclaim or rejection analysis • Support/resistance reaction planning • Trending markets that retest the prior close • Range conditions where the prior close acts as a magnet • Liquid symbols with readable candles and stable spreads ⚠️ When NOT to Use • Very low-liquidity markets • Symbols with unreliable session structure • Extremely noisy chop around the rail • News candles with unstable spreads • Markets where the selected reference timeframe is not meaningful 🎛️ Key Inputs • Reference Timeframe → controls where the completed prior close comes from • Reclaim Pocket ATR → controls the width of the reaction pocket around the rail • Magnet Distance ATR → controls when price is treated as close enough to the rail • Minimum Ready Score → controls the score required for READY state • Relative Volume Length → controls participation comparison • Confirmation Mode → controls how strict reclaim/rejection evaluation should be • Visual settings → control rails, pockets, labels, tags, bar colors, and dashboard behavior 🖥️ Interface & Visual Design The interface is built for fast chart reading. The prior close rail creates the main reference, the pocket defines the active reaction area, labels mark important events, and the panel compresses the state into a clean decision-support dashboard. The goal is a premium, readable chart without turning the prior close into a cluttered signal board. 🧪 Practical Usage Workflow 1. Read the panel action state 2. Check whether price is above, below, or inside the prior-close pocket 3. Evaluate reclaim or rejection labels 4. Compare score quality with magnet risk 5. Confirm the context with broader structure, volume, and timeframe alignment 🔍 Interpretation Guidelines A READY state means the prior-close reaction has enough structure to monitor. Magnet risk means price is still close enough to the rail for the prior close to matter. A reclaim label means the market crossed beyond the pocket, not that continuation is guaranteed. A rejection or defense label means price reacted at the rail, but the broader trend and volatility context still matter. 🚫 What This Script Is NOT This script is not a prediction engine. It is not a guaranteed prior-close trading system. It is not an automated trading tool. It does not provide financial advice. It does not guarantee continuation, reversal, profit, or a specific target. ⚠️ Limitations & Transparency Prior-close behavior depends on market structure, volatility, liquidity, session design, and timeframe. Different symbols may treat the previous close differently. Very noisy markets can trigger frequent pocket interactions. The score is a rule-based context score, not a certainty model. 🧠 Market Context Notes The prior close often acts as a memory level. When price reclaims it with participation, the rail may become a useful support/resistance reference. When price repeatedly returns to it without follow-through, the rail may behave more like a magnet than a directional level. 🧾 Use Case Examples When price opens below the prior close and later reclaims the pocket, the script marks the reclaim and scores the quality of the reaction. When price tests the prior close from above and closes back above the pocket, the script can mark rail defense. When price stays close to the rail without clean displacement, the panel can shift toward MONITOR instead of forcing a directional read. 🧱 System Philosophy This script follows the AGPro Series approach: turn a familiar chart reference into a structured decision-support map. The focus is not prediction. The focus is context, quality, invalidation awareness, and visual clarity. 🔐 Non-Promise Statement No script can remove uncertainty from markets. This tool does not promise accuracy, profitability, or future price movement. Its purpose is to organize prior-close context so the user can interpret the chart more clearly. 📉 Risk Disclosure Trading involves risk. Market conditions can change quickly, and any analytical output can fail. Users are responsible for their own decisions, risk management, and trade execution. This script is for educational and analytical purposes only and does not provide financial advice. 📚 Educational Note Use the prior close as a reference, not as an automatic decision. The best reads usually come when the rail reaction aligns with structure, liquidity, volume, and the broader market environment.

Indicator

Reference Price Operating Map [AGPro Series]Reference Price Operating Map 🔹 OVERVIEW Reference Price Operating Map is a focused overlay that consolidates the four most universally watched reference prices — Daily Open, Weekly Open, Monthly Open, and Previous Close — into a single operating map. It tracks how price interacts with each level in real time, attributes control to the reference currently leading price action, groups overlapping references into confluence clusters, and fades distant context so the active map stays clean. The chart answers one direct question at a glance: which reference is controlling the session right now. Built for intraday operators, swing traders, and position traders who anchor their bias to session and period opens. Works on any symbol and any intraday or daily timeframe. 🔸 WHAT MAKES IT DIFFERENT Most open-line indicators simply draw horizontal lines for Daily, Weekly, Monthly, and Previous Close and stop there. This script goes further by adding four layers on top of those lines: • State tracking — each reference is classified as Untouched, 1st Touch, Tested, Held, Reclaimed, or Rejected, and the state updates bar by bar as price interacts with the level. • Control attribution — a proximity-weighted scoring system selects one reference as the current "controller" of price action, highlighted with a dominant-row background in the panel and a thicker line on the chart. • Confluence grouping — when two or more references sit within 0.5 ATR of each other, they collapse into a single cluster label (for example "D-Open + W-Open + PClose") instead of stacking separate labels on top of each other. • Distance-aware rendering — references far from current price are demoted to a thin gray zone with a dotted line, keeping them visible as structural context without crowding the active map. The engine also includes a far-aware state machine: references that price has not meaningfully engaged stay in the Untouched state instead of being forced into misleading classifications. 🔷 METHODOLOGY Reference levels are pulled directly from the higher timeframe open (Daily, Weekly, Monthly) and the previous daily close using lookahead-safe security calls on confirmed bars. Distance classification uses ATR(14) as a volatility scale. A reference is considered "near" when price is within a configurable ATR multiple and "far" when it exceeds the far-distance threshold. This adapts the map to both low-volatility ranges and high-volatility expansions without manual tuning. State transitions are driven by a finite state machine with six states. Key transitions: • Untouched → 1st Touch when price enters the touch zone (default 0.25 ATR) or wicks through it. • 1st Touch / Tested → Held when price moves cleanly away from the level on the same side. • 1st Touch / Tested → Reclaimed when price closes on the opposite side (optionally requiring multi-bar confirmation). • Any engaged state → Rejected when a large wick rebounds from the level with more than 60 percent wick ratio. • Held / Rejected → Reclaimed on a confirmed cross. The control score combines proximity (how close price is to the reference relative to ATR) with a state weight (Reclaimed and 1st Touch score highest, Held scores lowest). The reference with the highest score is tagged as controller; if no reference has meaningful engagement the panel reports No Active Control. 🔶 SIGNALS AND ALERTS Three alert conditions are exposed: • Reference Touched — fires the first time any reference is touched in its period. • Reference Reclaimed — fires when any reference transitions into the Reclaimed state. • Reference Rejected — fires when a large-wick rejection bar is registered at any reference. On-chart, first-touch diamond markers are placed on recent bars to make period engagement easy to spot in screenshots and reviews. The panel footer reports the current controller and updates in real time. 🔹 KEY INPUTS Reference Lines — independent toggles for Daily Open, Weekly Open, Monthly Open, and Previous Close. Display — Show Active References Only (hide untouched references for a cleaner map), Strict Reclaim Confirmation (require multiple confirmation bars for Reclaim), Label Density (Minimal shows only the dominant reference, Normal shows all active, Detailed appends state names to labels), Show Reaction Bands, Mark First Touches. Panel — position (four corners), font size, label font size. All default to Normal per AG Pro Series visual standards. Sensitivity — Touch Threshold (ATR multiple defining a touch), Reclaim Confirm Bars (strict-mode confirmation count), Band Width (reaction band width in ATR), Far Distance (ATR multiple beyond which references are faded to context). All parameters are ATR-scaled so defaults transfer cleanly across instruments and timeframes. 🔸 HOW TO USE 1. Open the panel and read the controller. If the footer shows "D-Open Controls" with a Bull bias, intraday operators treat Daily Open as the session pivot and trade with that bias until the state changes. 2. Watch the confluence label. A grouped label such as "D-Open + W-Open + PClose" means three references are stacked — a cluster of this kind is typically a higher-conviction zone than a single isolated reference. 3. Use state transitions as triggers. A Rejected state at Monthly Open during a rally is a different signal than a Reclaimed state at the same level. The state tells you what just happened at the level, not just where the level is. 4. Use the far zone as context. A Monthly Open plotted as a gray zone five ATR away from price is not an execution level — it is orientation. When price approaches it, the zone transitions into an active band and the state engine re-engages. 5. Combine with your own structure work. This map is designed to sit underneath price action analysis, order flow, or trend tools, not replace them. 🔷 LIMITATIONS AND TRANSPARENCY • This is an indicator, not a strategy. No entries, exits, position sizing, or backtesting is performed. • Reference prices are sourced from higher timeframe candles using confirmed lookahead. Results on intraday charts should match the official Daily, Weekly, and Monthly opens of the exchange the chart is connected to. • State classifications are heuristic. They describe observed behavior at each level in historical terms and should not be read as forecasts. A Reclaimed state is a description of what just happened, not a prediction of what comes next. • ATR-based thresholds mean the map adapts to volatility but can feel different on very low-volume or very thinly traded instruments. Adjust the touch threshold and far distance inputs if defaults feel too loose or too tight. • Confluence grouping uses a 0.5 ATR window. On very wide-range days this window can become large; on very narrow ranges it can feel tight. 🔶 RISK DISCLOSURE This indicator is provided for informational and educational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other form of advice. Past performance of any level, state, or methodology shown on the chart does not guarantee future results. Trading and investing involve substantial risk of loss. You alone are responsible for your decisions, for managing your risk, and for complying with the laws and regulations that apply to you. Test any tool on a demo account or in paper trading before using it with real capital.

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