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Consolidation Ranges [kingthies] Consolidation Range Analysis Published by Eric Thies, January 2021 █ Indicator Summary This tool calculates, analyzes and plots the visualization of a relative range over a given period of time By adding to charts, users are enabled to see the impulsive nature of market cycles, along with their efforts to consolidate thereafter The default period is 30, and should be adjusted to users preference The default input is the current close price, on the chosen timeframe of the chart █ Script Source // //@version=4 //© kingthies || This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org study("Consolidation Ranges ", shorttitle="CR ", overlay=true) // !<------ User Inputs -----> src = input(close, title='Range Input (Default set to Close'), lengthEMA=input(30,title='Length'),zoneToggle = input(true, title="Toggle Zone Highlights"), iCol = color.new(#FFFFFF, 100), // !<---- Declarations & Calculations ---- > trndUp = float(na),trndDwn = float(na), mid = float(na), e = ema(src, lengthEMA) trndUp := src < nz(trndUp ) and src > trndDwn ? nz(trndUp ) : high, trndDwn := src < nz(trndUp ) and src > trndDwn ? nz(trndDwn ) : low, mid := avg(trndUp, trndDwn) // !< ---- Plotting -----> highRange = plot(trndUp == nz(trndUp ) ? trndUp : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Top of Period Range") lowRange = plot(trndDwn == nz(trndDwn ) ? trndDwn : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Bottom of Period Range") xzone = plot(zoneToggle ? src > e ? trndDwn : trndUp : na, color=iCol, style=plot.style_circles, linewidth=0, editable=false) fill(highRange, xzone, color=color.lime,transp=70), fill(xzone, lowRange, color=color.red,transp=70) //
Pine Script® indicator
by kingthies
13
@thecf RSI + 12-EMA + Magic 89-EMA + RangesThis RSI has a couple modifications. It works with bullish and bearish control zones and implements both a 12 EMA as well as the "magic" 89 Moving Average. First, the ranges. Whenever the RSI moves above 65 the bulls are in control. Whenever the RSI moves blow 45 the bears are in control. Everything in between in neutral. Traders can use these levels for information on strength of either bulls or bears and also for support and resistance . Both EMAs are best used for crossovers, as well as support and resistance . The idea for the "magic" 89 moving average, originally stems from Fibonacci values that some traders like to use for support and resistance on price. From observation, it holds more information though, when used as a moving average of the RSI and in combination with a 12 EMA . When the RSI crosses above the 89 moving average, it can be interpreted as a potential shift in trend up. The 12 EMA then shortly afterwards usually confirms it by also crossing above the 89 moving average. The 89 moving average can also signalize a potential shift in trend coming up when reaching 70. The magic MA works best on timeframes like the daily and upwards. For more information about the indicator feel free to leave a comment.
Pine Script® indicator
by VEGAlgo
1
Kalihari_Brothers_PRBBasic principle support ,resistance and flipping of support n resistance (support becomes resistance ,resistance becomes support).. DRB- Previous Day Range High ( PDH ) and Low ( PDL ) WRB- Previous Week Range High (PWH) and Low (PWL) MRB - Previous Monthly Range High (PMH) and Low (PML) It gives Trending Market Signal for bullish (price breaks PDH range continuous in up direction and make support) and similarly for bearish (price breaks PDL range continuous in down direction and make resistance).. For sideways/Non-trending market stay with in a range not break high and low..(stay away from it).. DRB act as minor support and resistance .. WRB and MRB act as major support and resistance ...
Pine Script® indicator
by KalihariBrothers
Volume Range EventsChanges in the feelings (positive, negative, neutral) in the market concerning the valuation of an instrument are often preceded with sudden outbursts of buying and selling frenzies. The aim of this indicator is to report such outbursts. We can see them as expansions of volume, sometimes 10 times more than usual. and as extensions of the trading range, also sometimes 10 times more than usual (e.g. usual range is 10 cent suddenly a whole dollar.) The changes are calculated in such a way that these fit between plus and minus 100 percent, the bars are scaled in some sort of logarithmic way. The Emoline is the same as the one in the True Balance of Power indicator, which I already published ONLY RISES ARE EVENTS Sometimes analysts are tempted to give meaning to low volume or small ranges. These simply mean that the market has little interest in trading this instrument. I believe that in such cases the trader needs to wait for expansion and extension events to happen, then he can make a better guess of where the market is heading. As events often mark the beginning or ending of a trend, this indicator provides an early and clear signal, because it doesn’t bother us about non-events. WHAT IS USUAL? If the algorithm would use an average as a normal to scale volume or range events, then previous peaks will act as spoilers by making the average so high that a following peak is scaled too small. I developed a function, usual() , that kicks out all extremes of a ‘population of values’ and which returns the average of the non-extreme values. It can be called with any serial. This function is called by both algorithms that report volume and range peaks, which guarantees that the results are really comparable. As this function has a fixed look back of 8 periods, we might state that ‘usual’ is a short lived relative value. I think this doesn’t matter for the practical use of the indicator. COLORING AND INTERPRETATION I follow the categories in the ‘Better Volume Indicator’, published by LeazyBear, these are: 1. Climactic Volumes, event >40 % (this means peak is 1.5 X usual) LIME: Climax Buying Volume, direction up, range event also > 30 % RED: Climax Selling Volume, direction down, range event also > 30 % AQUA: Climax Churning Volume, both directions, range event < 30% 2. Smaller Volumes, event <40 % GREEN: Supportive Volume, both directions, if combined with range event BLUE: Churning Volume, both directions, if not combined with range event (Professional Trading) 3. Just Range Events BLACK histogram bars (Amateurish Trading)
Pine Script® indicator
by eykpunter
7
Bank CRE Stress & Short Risk Overlay + Dashboard🏦 Bank CRE Stress & Short Risk Overlay + Dashboard This open-source indicator overlays risk visualization and a fixed dashboard specifically for **U.S. regional bank stocks** exposed to Commercial Real Estate (CRE) lending stress (as observed in 2023–2026 cycles). It combines: - Static CRE exposure tiers (critical/high/elevated/short-bias/failed) based on latest known CRE loan-to-capital ratios and provisions data (sourced from FDIC Call Reports, FAU studies, FFIEC filings ~Q3/Q4 2025) - Real-time price stress detection (EMA200 breakdown + 20-bar range low breach) - Visual alerts (background coloring + per-bar risk labels) - Top-right summary dashboard Purpose & Why This Combination? Regional banks with heavy CRE concentration became focal points during rising office/vacancy stress, higher provisions, deposit outflows, and equity pressure. This tool helps traders quickly: - Identify which tickers carry elevated CRE risk - See when technical breakdown aligns with fundamental vulnerability (potential short setups or high-risk avoidance zones) - Monitor a static watchlist without needing external spreadsheets The mashup is useful because raw fundamentals change quarterly, while price action provides real-time confirmation of stress transmission to equity. Dashboard + overlay gives instant context on any bank chart. How It Works 1. Ticker Classification (static – update manually when new Call Reports released) - 🔴 Critical / Short Bias: >~500% CRE exposure or high-conviction short candidates - 🟠 High: ~375–480% - 🟡 Elevated: ~300–350% - ❌ Failed: Known FDIC receivership cases - 🟢 Low/None: not in list 2. Price Stress Trigger - Below 200 EMA (major trend break) - Below 20-bar lowest low (range breakdown) - (Optional stricter filter: ATR expansion – commented out by default) 3. Visuals - Background tint: black (failed), red (critical/short + stress), orange (high + stress), yellow (elevated + stress) - Per-bar label above candle: risk category + warning text (only shown for relevant banks) - EMA50 (gray) & EMA200 (white) plotted for reference 4. Dashboard (top-right, updates on last bar) - Current ticker risk level + color coding - Price stress status - EMA200 position - Static high-risk watchlist - Data freshness & disclaimer note Alerts - "Critical/Short Bias Breakdown" when stress triggers on red/orange tickers - "Failed Bank Symbol" on known failed tickers How to Use - Apply to **regional bank stocks** (DCOM, EGBN, OZK, LOB, VLY, FLG, ZION, WAL, SNV, RF, CMA, TFC, etc.) - Best on daily or 4h charts for swing/position trading context - Use as a **filter / watchlist aid**: → Red/orange background + stress label → heightened short risk or avoidance → Yellow → monitor for provisioning news or CRE delinquency spikes → Black → avoid (historical failures) - Update the arrays quarterly when new FDIC data drops (Q1/Q2/Q3/Q4 Call Reports) - Combine with volume, news, sector ETFs (KRE), or broader CRE indices Inputs & Customization - No user inputs — risk tiers are hardcoded for simplicity & consistency - To add/remove banks: edit the array.from() lines directly Publishing Notes - Publish with a clean chart (e.g., DCOM, EGBN or VLY daily/4h) - Remove unnecessary drawings/indicators - Screenshot showing dashboard + stress label during a breakdown period is ideal Important Disclaimers - Data is **static** and approximate (based on public reports up to ~Q3/Q4 2025) - Must be manually updated — not real-time fundamental feed - This is **not financial advice**, not investment research, and carries no accuracy guarantee - Regional bank equities are extremely volatile — especially under CRE stress - Trading or shorting involves substantial risk of loss Open-source for transparency & educational use. Feedback welcome — especially updated CRE tier suggestions.
Pine Script® indicator
by uzair2join
New York | Asia | London - Session Range + ORB - [EntryLab]Session Ranges & 15min ORB – Asia, London, New YorkShort Title This indicator plots the high and low of the three major trading sessions (Asia, London, New York) as well as the Opening Range Breakout (ORB) levels based on the first 15 minutes of each session. Features: Full session high/low ranges for Asia (00:00–09:00 UTC), London (07:00–16:00 UTC), and New York (~13:30–20:00 UTC). Times are approximate UTC and may need adjustment depending on broker timezone or DST. ORB: high and low calculated from the first 15-minute period (or equivalent bars) at the start of each session. Customizable: toggle sessions on/off, change ORB duration, line styles, colors. How to use: Traders often monitor price action around prior session highs and lows to identify potential liquidity grabs or sweeps. The ORB provides additional confluence for gauging the session's potential directional bias or breakout levels.For example:A sweep of a prior session high/low can signal liquidity being taken. Price breaking above/below the session's ORB high/low may indicate momentum in that direction for the current session. This script combines multi-session range visualization with per-session ORB levels in one tool, which can help assess where liquidity pools may exist and where price could be drawn to fill or sweep certain areas.Best used on lower timeframes (e.g., 1m–15m) for intraday analysis. Session times are fixed (no automatic DST handling); users can modify them in the code if needed.Not financial advice. Trading involves significant risk of loss. Use at your own discretion and always test thoroughly.
Pine Script® indicator
by ENTRYLAB
1
Key Candle Range [NextPercent]Key Candle Range This indicator draws persistent horizontal levels from a user-selected candle on any chosen timeframe. It is designed to mark a key reference range and project it forward, allowing traders to monitor reactions to that candle’s high and low. Features: • Select any specific candle by date and time • Works on a custom timeframe independent of the chart • Automatically projects the selected candle’s high and low into the future • Fully customizable line color, width, and style • Clean visual reference for breakout, rejection, or range trading How it works: The script finds the candle that matches the chosen timestamp on the selected timeframe. Once identified, it draws two horizontal lines at that candle’s high and low and extends them to the right. These levels remain visible as long-term structural references. Use cases: • Marking important session candles (open range, news candle, etc.) • Tracking breakout levels • Identifying support and resistance zones • Anchoring trade bias to a key event candle Tip: Use higher timeframes to mark major structural levels, or intraday timeframes to track session-based ranges.
Pine Script® indicator
by NextPercent
CRT Market Structure Toolkit v2What This Script Does CRT Market Structure Toolkit v2 is a contextual market analysis tool designed to help traders visualize liquidity, market structure, and session-based behavior on the chart. This script does not generate trade signals and does not automate entries or exits. Its purpose is to provide objective reference levels and market context that traders can integrate into their own discretionary trading models. Why This Is NOT a Simple Indicator Mashup Although this script combines multiple analytical components, each module serves a specific role within a single, unified market structure framework. All components are designed to work together to answer three core questions: Where is liquidity located? When has liquidity been taken (swept)? During which sessions is price more likely to expand or react? This makes the script a cohesive toolkit, not a random collection of indicators. Core Concepts Used This script is based on widely used market structure and liquidity concepts, including: Previous Day High / Low (daily liquidity pools) Higher Timeframe Highs & Lows Liquidity sweeps (wick-based stop runs) Fair Value Gaps (price imbalance) Balanced Price Ranges (overlapping imbalances) Session timing and volatility windows (Killzones) Module Explanation 1. Previous Day High / Low (PDH / PDL – New York Session) Tracks the full 24-hour New York trading day Projects previous day highs and lows forward Detects when price wicks above or below these levels Swept levels remain visible and change style for clarity These levels are commonly used to identify daily liquidity targets. 2. Higher Timeframe Highs & Lows Allows the user to select any higher timeframe (e.g. 4H) Projects completed HTF highs and lows onto lower timeframes Detects liquidity sweeps on these HTF levels Each level maintains its own sweep state This helps traders align lower timeframe execution with higher timeframe structure. 3. NY Midnight Open Marks the New York midnight opening price Acts as a daily equilibrium reference Resets automatically every New York trading day This level is often used for bias and mean reversion analysis. 4. Fair Value Gap (FVG) Detection & Nearest FVG Selection Identifies bullish and bearish Fair Value Gaps using a 3-bar displacement model Filters FVGs based on: Lookback period Minimum price gap User-defined mitigation rules Displays only the nearest valid FVG to current price Detects Balanced Price Ranges (BPR) when bullish and bearish FVGs overlap This module helps visualize price imbalance and potential reaction zones, not entries. 5. Killzones (Session-Based Analysis) Highlights user-defined time windows (sessions) Draws dynamic boxes that expand with price Helps traders focus on periods where volatility and liquidity are typically higher Sessions are fully configurable. Liquidity Sweep Configuration Lower Timeframe (LTF) sweeps can be filtered by specific hours or minute ranges, allowing traders to focus only on liquidity events relevant to their strategy. Daily PDH / PDL levels are fixed to the full New York trading day and are not adjustable, ensuring consistency. How This Script Is Intended To Be Used This script is meant to be used as a visual decision-support tool, alongside: Price action analysis Risk management rules A personal trading plan It does not replace trader judgment and should not be used in isolation. Disclaimer This script is provided for educational and analytical purposes only. It is not a signal indicator, does not provide trading advice, and does not guarantee any trading outcome. All trading decisions and associated risks remain entirely the responsibility of the user. The developer assumes no liability for losses or damages resulting from the use of this script. Final Notes for Moderation This script is original in structure and implementation All components are intentionally integrated into a single market structure framework
Pine Script® indicator
by damieanalexandru
10 Youtube Opening Range Strategies + Backtest 1. Quick Flip Scalper A strategy centered on fading or following the initial move relative to the Opening Range (OR). LONG Rules: Reversal Mode: If the Opening Range is Bearish (Red), enter Long when price drops below the Opening Range Low (ORL). Continuity Mode: If the Opening Range is Bullish (Green), enter Long when price drops below the Opening Range Low (ORL) (Buying the deep pullback/trap). SHORT Rules: Reversal Mode: If the Opening Range is Bullish (Green), enter Short when price breaks above the Opening Range High (ORH). Continuity Mode: If the Opening Range is Bearish (Red), enter Short when price breaks above the Opening Range High (ORH) (Selling the deep pullback/trap). 2. First Candle Scalper Identical to the Quick Flip Scalper but restricts entries to the very first retest only. LONG Rules: Same as Quick Flip Long, but only triggers once per session. SHORT Rules: Same as Quick Flip Short, but only triggers once per session. 3. Smart Money Trap (SMT) Identifies a "fakeout" breakout followed immediately by a reversal candlestick pattern. LONG Rules: Condition: The previous candle low was below the ORL, but the candle closed back inside (above ORL). Trigger: Must have a Bullish Engulfing or Bullish Rejection pattern closing above the ORL. SHORT Rules: Condition: The previous candle high was above the ORH, but the candle closed back inside (below ORH). Trigger: Must have a Bearish Engulfing or Bearish Rejection pattern closing below the ORH. 4. Trident Pattern (TG Capital) A London-session exclusive strategy requiring a Fair Value Gap (FVG) and a Doji confirmation. LONG Rules: Filter: Price is Above the 200 EMA (if enabled). Setup: A Bullish FVG forms. Confirmation: A Doji candle wicks down into the 50% level of the FVG. Trigger: Enter on the next candle close. SHORT Rules: Filter: Price is Below the 200 EMA (if enabled). Setup: A Bearish FVG forms. Confirmation: A Doji candle wicks up into the 50% level of the FVG. Trigger: Enter on the next candle close. 5. OTE Framework (MBB Trader) Simulates an Optimal Trade Entry by combining a Liquidity Sweep with a Market Structure Shift (SMR). LONG Rules: Sweep: Price drops below the lowest low of the last 20 candles. Structure: A Bullish SMR forms (Low → High → Lower Low → Higher High). SHORT Rules: Sweep: Price breaks above the highest high of the last 20 candles. Structure: A Bearish SMR forms (High → Low → Higher High → Lower Low). 6. Liquidity Trap (Marco Trades) A contrarian strategy that buys/sells purely on sweeps of major structural levels. LONG Rules: Trigger: Price sweeps (drops below) the lowest low of the last 50 candles. SHORT Rules: Trigger: Price sweeps (breaks above) the highest high of the last 50 candles. 7. Trojan Horse (Trader Mayne) Uses Trend EMAs (50 & 200) to identify direction, then enters on a Lower Timeframe Breaker. LONG Rules: Trend: 50 EMA > 200 EMA (Uptrend). Trigger: Price sweeps a recent 10-candle low, then immediately breaks a recent 5-candle high. SHORT Rules: Trend: 50 EMA < 200 EMA (Downtrend). Trigger: Price sweeps a recent 10-candle high, then immediately breaks a recent 5-candle low. 8. Simplified SMT (9:30 Range) Focuses on the 9:30 AM range. Waits for a breakout and a confirmed failure to sustain it. LONG Rules: Context: Price previously broke above the ORH. Trigger: Price returns to the ORH (Retest) with a Bullish Engulfing/Rejection pattern. SHORT Rules: Context: Price previously broke below the ORL. Trigger: Price returns to the ORL (Retest) with a Bearish Engulfing/Rejection pattern. 9. 9:30 One-Candle (Scarface) Uses the high/low of the single 9:30 candle as the range. LONG Rules: Setup: Price closes above the 9:30 High. Trigger: Price pulls back and touches/dips into the 9:30 High (Retest). SHORT Rules: Setup: Price closes below the 9:30 Low. Trigger: Price pulls back and touches/wicks into the 9:30 Low (Retest). 10. London Breakout (Joovier) Based on the 3 AM - 9 AM EST box. LONG Rules: Trigger: A candle's Body (Open and Close) forms completely above the Box High after the session opens. SHORT Rules: Trigger: A candle's Body (Open and Close) forms completely below the Box Low after the session opens. ⚠️ DISCLAIMER & LIMITATION OF LIABILITY 1. NO AFFILIATION / INDEPENDENT PROJECT This script is an independent coding project created solely for testing, research, and entertainment purposes. The creator of this indicator is not associated, affiliated, endorsed by, or in any way connected to the strategy authors or influencers mentioned within the tool (including but not limited to TG Capital, MBB Trader, Marco Trades, Trader Mayne, Scarface, or Joovier). The strategy names are used strictly for identification purposes to credit the original concept creators. This code represents an independent interpretation of public trading concepts. It may not reflect the exact, proprietary, or private methods taught by these individuals. This is not an official product from any of the aforementioned parties. 2. FOR EDUCATIONAL PURPOSES ONLY This indicator is strictly for educational and informational purposes. It is not a signal service and does not constitute investment, financial, or trading advice. The buy/sell labels generated by this script are merely visual representations of specific code logic and should not be interpreted as instructions to execute trades. 3. EXCLUSION OF LIABILITY By using this script, you explicitly agree that: The creator assumes no responsibility or liability for any direct, indirect, consequential, or incidental losses or damages resulting from the use of this tool. You engage in trading entirely at your own risk. You release the creator from any legal responsibility regarding your trading activities or financial results. 4. HYPOTHETICAL PERFORMANCE The statistics displayed on the "Dashboard" (Win Rate, P&L, etc.) are hypothetical and based on historical backtesting data. Past performance is not indicative of future results. These results do not account for slippage, spreads, commission fees, or real-time liquidity issues. Strategies that performed well in the past may fail in current or future market conditions. 5. HIGH-RISK WARNING Trading in financial markets (Stocks, Forex, Crypto, Futures) involves a high degree of risk and is not suitable for all investors. You could lose some or all of your initial investment. You should not trade with money that you cannot afford to lose. IF YOU DO NOT AGREE WITH THESE TERMS, DO NOT USE THIS SCRIPT.
Pine Script® indicator
by MaxMaserati
4
Opening Range (RTH, Globex, Tokyo, London) [Tradeisto]This indicator provides a comprehensive solution for monitoring Opening Ranges across major global trading sessions—RTH (New York), Globex, Tokyo, and London, within a single script. It is designed for stability and precision on all timeframes. Key Features Multi-Session Support: Track four distinct opening ranges simultaneously: RTH (New York): Auto-detects based on asset class: Indices (NQ, ES, YM): 09:30 NY Metals (Gold/Silver): 08:20 / 08:25 NY Energy (Oil/NatGas): 09:00 NY Currencies & More: Automatically sets the correct pit open. Globex: 18:00 America/New_York Tokyo: 09:00 Asia/Tokyo London: 08:00 Europe/London Native Timezone Handling: Automatically adjusts for Daylight Saving Time (DST) using native Pine Script timezones. Smart Labeling: Evening sessions (Globex, Tokyo) display the correct "Trading Day" date (e.g., Sunday evening labeled as Monday). Hybrid Data Engine: Ensures stability by automatically switching data fetching methods based on your chart's timeframe. Zoom In: Uses request.security_lower_tf for high-resolution data when the Chart Timeframe > Session Duration. Zoom Out: Uses standard request.security when the Chart Timeframe <= Session Duration, preventing runtime errors. Customizable Durations: Independently configure durations for each session (30s, 1m, 5m, 15m, 30m). How to Use Add Opening Range to your chart. Open Settings to enable or disable specific sessions. Select the desired Duration for each session. Customize colors and borders to fit your chart theme.
Pine Script® indicator
by swordNshield
Volatility Ranges LABDescription This is the "LAB" edition of a comprehensive Volatility Analysis System designed for precision trading. It combines multi-timeframe statistical ranges (ADR, AWR, AMR) with a real-time Data Dashboard to visualize expected market moves. Underlying Concepts & Methodology The indicator calculates volatility based on historical averages using either SMA or RMA (Wilder's Smoothing). Anchoring: Projects ranges from the opening price. Includes a specialized NY Midnight Open (00:00 EST) anchor for accurate Forex alignments. Projections: Plots standard volatility limits (100%) and exhaustion extensions (up to 200%) to identify overextended price action. Dashboard: A built-in panel monitors the current status of all three timeframes (Daily, Weekly, Monthly), acting as a risk scanner. Key Features 3 Timeframes: Simultaneous Daily (ADR), Weekly (AWR), and Monthly (AMR) levels. Expansion Zones: Optional levels (125%, 150%, 200%) to spot extreme reversals. Smart Dashboard: Color-coded table indicating risk levels (Traffic Light system). Customization: Full control over colors, line styles, and label visibility. How to Use Targeting: Use the 100% lines as statistical take-profit zones. Reversals: When price reaches expansion zones (e.g., 125% of ADR), the probability of a reversal increases significantly. Dashboard: Use it to check if the asset has already consumed its average range for the day/week. To comply with House Rules regarding non-English UI, here is the translation of the script's settings menu: 0. Rótulos (Labels) Tamanho do Texto = Text Size Mostrar Período/Nome/Preço = Show Period/Name/Price Mostrar Variação Real % = Show Real % Variation 1. Geral (General) Escala do Gráfico = Chart Scale (Linear/Log) Método de Cálculo = Calculation Method (SMA/RMA) 2. ADR (Daily Settings) Ativar ADR = Enable ADR Período Média = Average Period (Days) Usar NY Midnight Open = Use NY Midnight Open Projeção Futura = Future Projection (Bars) Mostrar Expansões = Show Expansions (125-200%) Estilo/Espessura = Style/Width Cor Máxima/Mínima = High/Low Color Mostrar Terços/25%/50% = Show Thirds/25%/50% 3. AWR (Weekly Settings) Ativar AWR = Enable AWR Período Média = Average Period (Weeks) Usar Abertura Semanal = Use Weekly Open Ref 4. AMR (Monthly Settings) Ativar AMR = Enable AMR Período Média = Average Period (Months) 5. Dashboard Mostrar Dashboard = Show Dashboard Tema de Fundo = Background Theme (Dark/Light) Unidade de Medida = Unit (Points/Pips) Psicologia das Cores = Color Psychology (Traffic Light/Heatmap) Posição na Tela = Screen Position
Pine Script® indicator
by marcaoemail_1
Average Daily Range by EleventradesThe Average Daily Range (ADR) indicator helps traders measure how much of the current day’s range has already been completed and how much movement may still be available. This tool calculates the average range of previous daily candles and compares it with the current day’s price action. It displays how many points of the ADR have been consumed, how much remains, and the percentage of the daily range already covered. This allows traders to better judge whether price is still expanding or approaching exhaustion. Key Features: ADR Consumption Tracking Shows how much of the daily range has already been used in both points and percentage terms. Reversal Threshold A customizable threshold that highlights when price exceeds a defined ADR value, signaling potential exhaustion or reversal zones. Mean Reversion Logic When price reaches a user-defined percentage of the ADR, the indicator helps identify areas where price may revert back toward the daily range. ADR Exceeded Alert Displays a message when price exceeds 100% of the average daily range. Information Table A clean table that summarizes ADR values, consumed range, remaining range, and percentage data for quick reference. ADR Projection Levels Projected upper and lower ADR levels are plotted using visual guide lines, helping traders see where the daily range may extend before exceeding typical limits.
Pine Script® indicator
by Eleventrades
[turpsy] Midnight Opening Range-Fractal Midnight Open Range-Fractal Combined Trading System Overview This indicator combines Midnight Opening Range (MOR) analysis with HTF candle structure and fractal patterns to provide a comprehensive intraday trading framework. Unlike simple mashups, this system integrates three complementary methodologies that work together to identify high-probability trading zones. Core Components & Synergy 1. MOR (Midnight Opening Range) Indicator - Tracks the first 30 minutes of each trading day (00:00-00:30) - Draws historical and current session boxes with quartile levels (25%, 50%, 75%) - Custom opening price lines for key market times (NY Open 9:30, London Close, etc.) - Concept: Price tends to respect the opening range boundaries; quartiles act as support/resistance 2. HTF (Higher Timeframe) Candles - Displays up to 6 higher timeframe candles alongside your chart - Shows Fair Value Gaps (FVG) and Volume Imbalances (VI) - Presents First Presented FVG (PFVG) - the initial gap after a fractal - Concept: HTF structure provides context for LTF entries; FVGs are magnetic price targets 3. Fractal Pattern Detection with CISD - Identifies swing highs/lows using HTF candle structure - CISD (Change in State of Delivery) lines mark confirmed fractal breaks - Chart sweeps show liquidity grabs - Concept: Fractals mark key market structure; CISD confirms directional bias 4. Killzones & Session Analysis - Asia, London, NewYork AM/PM, and Lunch sessions - Session highs/lows with pivot tracking - Day/Week/Month opens and separators - Concept: Specific sessions show characteristic volatility and directional behavior 5. ADR/CDR Analysis - Average Daily Range and Current Daily Range tracking - Shows percentage of ADR completed - Concept: Helps gauge if there's room for continuation or if exhaustion is likely How They Work Together 1. Context: It uses HTF candles and MOR boxes to identify the bigger picture structure 2. Timing: It uses Killzones to show when institutional activity is highest 3. Entry: It uses Fractals with CISD confirm structure breaks; FVGs provide entry zones 4. Risk Management: ADR/CDR helps set realistic profit targets and assess if move is extended Original Contributions This script significantly improves upon the base components by: - Integrating 1-minute data feed for accurate Midnight Open Range calculations on all timeframes - Adding PFVG detection synchronized with fractal patterns - Creating logarithmic midpoint calculations between HTF candles - Implementing chart sweep detection for liquidity analysis - Adding CISD projection lines at 0.5, 1.0, 1.5, 2.0 extensions How to Use 1. Enable desired HTF timeframes and MOR settings 2. Watch for PFVG formation after HTF candle closes 3. Look for CISD line breaks during killzone sessions 4. Enter at FVG mitigation zones aligned with MOR quartiles 5. Monitor ADR% to gauge move potential Credits - HTF Candles base structure: fadizeidan & tradeforopp - Midnight opening range: trades-dont-lie - I made the Significant modifications and integration
Pine Script® indicator
by Turpsy
Session Range Control [PointAlgo]Session Range Control (SRC) The Session Range Control (SRC) indicator provides a structured view of intraday price behavior by tracking where the current price sits within the session’s high–low range and how today’s volatility compares to the Average Daily Range (ADR). It combines range analytics, momentum context, volatility interpretation, and visual cues to help traders understand session strength and shifts in intraday conditions. Core Concept Every trading session forms a unique high and low. SRC continuously reads these values and calculates the Position in Range, expressed on a scale from 0% to 100%: 0% → Price at Day Low 100% → Price at Day High 50% → Mid-range equilibrium By normalizing price into a percentage, traders can quickly interpret where market pressure is concentrated during the session. Trend Zones and Market State SRC divides the range into logical zones to show the likely sentiment of the session: 1. Strong Uptrend Zone (Above Threshold) When price consistently holds above the user-defined upper threshold (e.g., 60%), the indicator marks a Strong Uptrend. This typically reflects: Persistent intraday buying pressure Price acceptance near the upper part of the range Reduced likelihood of deep pullbacks 2. Strong Downtrend Zone (Below Threshold) When price remains below the lower threshold (e.g., 40%), SRC signals a Strong Downtrend, indicating: Dominant intraday selling Consistent pressure keeping price near session lows 3. Bullish / Bearish Zones Between the midline and strong thresholds, SRC displays softer trend zones: Above 50% = Bullish Zone Below 50% = Bearish Zone These zones help classify whether price is trending, balanced, or drifting. 4. Neutral Territory When price hovers around the mid-level without conviction, the indicator treats it as a neutral or undecided phase. Signal Logic : SRC includes built-in momentum shift signals based on range transitions: Long Signal Triggered when price crosses upward through 50%, often showing: A shift from intraday weakness to strength Buyers gaining control of the session Short Signal Triggered when price crosses downward through 50%, suggesting: Loss of intraday strength Sellers taking control These signals help highlight potential turning points inside the session. Extreme Levels : SRC highlights the top and bottom 10% of the range: > 90% = Extreme High (Overbought intraday condition) < 10% = Extreme Low (Oversold intraday condition) These conditions can be useful for identifying overextended movements or potential reaction zones. ADR Comparison and Volatility Context : The indicator also measures how today’s price range compares to the Average Daily Range (ADR): Range Expanding: Today’s range is significantly larger than the ADR Indicates heightened volatility Often associated with trending or breakout environments Range Compressing: Today’s range is much smaller Suggests low volatility Common before breakout phases Characteristic of consolidation or balanced markets This volatility context helps traders assess whether the session is behaving within normal boundaries or deviating significantly. Dashboard Overview : When enabled, the dashboard summarizes key intraday metrics in a structured table: Trend status (Strong Uptrend, Strong Downtrend, Bullish, Bearish, Neutral) Range position (%) Signal status (Long Cross, Short Cross, Extreme High/Low, or None) Day range calculation Range vs ADR (%) Day High / Day Low Current price level Simplified action label based on current conditions This provides a quick reference system to interpret both trend and volatility at a glance without analyzing the full chart visually. Visual Elements SRC includes: Colored dynamic plot for easy trend recognition Horizontal reference lines at key levels (0%, 50%, 100%, strong-trend thresholds) Background shading during extreme zone conditions A separate ADR comparison plot These visuals ensure the indicator remains intuitive regardless of chart style or timeframe. Alerts The script includes alert conditions for: Long cross Short cross Strong trend detection Extreme high / extreme low These allow users to automate notifications during key market events without manually monitoring the chart. Customization Options Users can configure: ADR length Strong trend thresholds Dashboard visibility Dashboard position on chart This makes SRC adaptable to different trading instruments and intraday styles. Usage Notes Works best on intraday timeframes where session boundaries are clearly defined. Designed for analytical interpretation—trend bias, volatility phase, and range structure. Can complement other tools such as moving averages, volume, or market structure analysis. Disclaimer : This indicator is intended for chart analysis and educational purposes only. It does not generate financial, investment, or trading advice. Users should validate signals with additional research and apply proper risk management.
Pine Script® indicator
by pointalgo
Forex Session TrackerForex Session Tracker - Professional Trading Session Indicator The Forex Session Tracker is a comprehensive and visually intuitive indicator designed specifically for forex traders who need precise tracking of major global trading sessions. This powerful tool helps traders identify active market sessions, monitor session-specific price ranges, and capitalize on volatility patterns unique to each trading period. Understanding when major financial centers are active is crucial for forex trading success. This indicator provides real-time visualization of the Tokyo, London, New York, and Sydney trading sessions, allowing traders to align their strategies with peak liquidity periods and avoid low-volatility trading windows. --- Key Features 📊 Four Major Global Trading Sessions The indicator tracks all four primary forex trading sessions with precision: - Tokyo Session (Asian Market) - Captures the Asian trading hours, ideal for JPY, AUD, and NZD pairs - London Session (European Market) - Monitors the most liquid trading period, perfect for EUR, GBP pairs - New York Session (American Market) - Tracks US market hours, essential for USD-based currency pairs - Sydney Session (Pacific Market) - Identifies the opening of the trading week and AUD/NZD activity Each session is fully customizable with individual color schemes, making it easy to distinguish between different market periods at a glance. 🎯 Session Range Visualization For each active trading session, the indicator automatically: - Draws rectangular boxes that highlight the session's time period - Tracks and displays session HIGH and LOW price levels in real-time - Creates horizontal lines at session extremes for easy reference - Positions session labels at the center of each trading period - Updates dynamically as new highs or lows are formed within the session This visual approach helps traders quickly identify: - Session breakout opportunities - Support and resistance zones formed during specific sessions - Range-bound vs. trending session behavior - Key price levels that institutional traders are watching 📱 Live Information Dashboard A sleek, professional information panel displays: - Real-time session status - Instantly see which sessions are currently active - Color-coded indicators - Green dots for active sessions, gray for closed sessions - Timezone information - Confirms your current timezone settings - Customizable positioning - Place the dashboard anywhere on your chart (Top Left, Top Right, Bottom Left, Bottom Right) - Adjustable size - Choose from Tiny, Small, Normal, or Large text sizes for optimal visibility The dashboard provides at-a-glance awareness of market conditions without cluttering your chart analysis. ⚙️ Extensive Customization Options Every aspect of the indicator can be tailored to your trading preferences: Session-Specific Controls: - Enable/disable individual sessions - Customize colors for each trading period - Adjust session times to match your broker's server time - Toggle background highlighting on/off - Show/hide session high/low lines independently General Settings: - UTC Offset Control - Adjust timezone from UTC-12 to UTC+14 - Exchange Timezone Option - Automatically use your chart's exchange timezone - Background Transparency - Fine-tune the opacity of session highlighting (0-100%) - Session Labels - Show or hide session name labels - Information Panel - Toggle the live status dashboard on/off Style Settings: - Turn session backgrounds ON/OFF directly from the Style tab - Maintain clean charts while keeping all analytical features active 🔔 Built-in Alert System Stay informed about session openings with customizable alerts: - Tokyo Session Started - London Session Started - New York Session Started - Sydney Session Started Set up notifications to never miss important market opening periods, even when you're away from your charts. --- How to Use This Indicator For Day Traders: 1. Identify High-Volatility Periods - Focus your trading during London and New York session overlaps for maximum liquidity 2. Monitor Session Breakouts - Watch for price breaks above/below session highs and lows 3. Avoid Low-Volume Periods - Recognize when major sessions are closed to avoid false signals For Swing Traders: 1. Mark Key Levels - Use session highs and lows as support/resistance zones 2. Track Multi-Session Patterns - Observe how price behaves across different trading sessions 3. Plan Entry/Exit Points - Time your trades around session openings for better execution For Currency-Specific Traders: 1. JPY Pairs - Focus on Tokyo session movements 2. EUR/GBP Pairs - Monitor London session activity 3. USD Pairs - Track New York session volatility 4. AUD/NZD Pairs - Watch Sydney and Tokyo sessions --- Technical Specifications - Pine Script Version: 5 - Overlay Indicator: Yes (displays directly on price chart) - Maximum Bars Back: 500 - Drawing Objects: Up to 500 lines, boxes, and labels - Performance: Optimized for real-time data processing - Compatibility: Works on all timeframes (recommended: 5m to 1H for session tracking) --- Installation & Setup 1. Add to Chart - Click "Add to Chart" after copying the script to Pine Editor 2. Configure Timezone - Set your UTC offset or enable "Use Exchange Timezone" 3. Customize Colors - Choose your preferred color scheme for each session 4. Adjust Display - Enable/disable features based on your trading style 5. Set Alerts - Create alert notifications for session starts --- Best Practices ✅ Combine with Price Action - Use session ranges alongside candlestick patterns for confirmation ✅ Watch Session Overlaps - The London-New York overlap (1300-1600 UTC) typically shows highest volatility ✅ Respect Session Highs/Lows - These levels often act as intraday support and resistance ✅ Adjust for Your Broker - Verify session times match your broker's server clock ✅ Use Multiple Timeframes - View sessions on both lower (15m) and higher (1H) timeframes for context --- Why Choose Forex Session Tracker Pro? ✨ Professional Grade Tool - Built with clean, efficient code following TradingView best practices ✨ Beginner Friendly - Intuitive design with clear visual cues ✨ Highly Customizable - Adapt every feature to match your trading style ✨ Performance Optimized - Lightweight code that won't slow down your charts ✨ Actively Maintained - Regular updates and improvements ✨ No Repainting - All visual elements are fixed once the session completes --- Support & Updates This indicator is designed to provide reliable, accurate session tracking for forex traders of all experience levels. Whether you're a scalper looking for high-volatility windows or a position trader marking key institutional levels, the Forex Session Tracker Pro delivers the insights you need to make informed trading decisions. Happy Trading! 📈 --- Disclaimer This indicator is a tool for technical analysis and should be used as part of a comprehensive trading strategy. Past performance does not guarantee future results. Always practice proper risk management and never risk more than you can afford to lose. Trading forex carries a high level of risk and may not be suitable for all investors.
Pine Script® indicator
by humayunmha
CRT Full Checklist - Range Logic Trading📊 Professional Trading Dashboard for Range-Based Trading A comprehensive, multi-column checklist designed for systematic traders who specialize in range trading across multiple currency pairs and instruments. This visual dashboard provides an organized workflow for the Range Logic Trading methodology. 🎯 KEY FEATURES 🔄 Multi-Instrument Range Monitoring 6 customizable columns for different instruments (EUR/USD, GBP/USD, USD/CAD, XAU/USD OA, XAU/USD FX, DXY) Individual activation/deactivation for each column Customizable instrument names and colors 📈 Range Trading Decision Framework R Activa - Active range assessment (SI/NO/N/A) Direction - Range breakout direction with color-coded options (Alcista/Bajista/Ambas) Es para Obvio - Clear range setup qualification (SI/NO/N/A) Rango Operativo - Operational timeframes for range analysis (2-1H to 11-2h) FS 4H> - 4-hour frame structure within ranges (EUR/GBP/DXY) ⚡ Range Trading Entry System Buscamos - Dual dropdown system for range levels (High/Low of 1H-4H, Direct Entry) Objetivo - Range-based targets (Range/High 4H) Entrada - Multiple range entry conditions (TS R Activa, TS 1H/4H RO) 🚨 Range Trading Risk Management Red Flag System - Three range-specific warning flags: Alto/Bajo Correlacionado Alto/Bajo 4H Inhabilita R/A Invalidado 🎨 CUSTOMIZATION Fully customizable colors for all range levels and conditions Adjustable text sizes (Tiny to Large) Individual column colors for quick range identification Professional color coding for range breakouts and rejections 💡 PRACTICAL BENEFITS Streamlined range trading workflow across multiple instruments Visual range assessment with color-coded levels Systematic approach to range identification and breakout trading Time-saving dashboard for range-bound market conditions Customizable reminder section with range trading principles 🎯 PERFECT FOR Range-bound market specialists Multi-instrument range traders Systematic breakout traders Risk-conscious range traders Traders using Range Logic Trading methodology Master range trading across multiple instruments with this professional CRT dashboard designed specifically for Range Logic Trading systems! Note: This indicator is for educational purposes and should be used as part of a comprehensive trading plan. Always practice proper risk management in range trading.
Pine Script® indicator
by Blessed_Profit_Path
DRACO DateTime Range Box — DELTA📘 Title DRACO DateTime Range Box — Stable Δ (Fixed Bottom, Extend-Right) 🔹 Short Description A single stable range box from a custom start date and time. The box locks its bottom to the first candle’s low, expands the top to the highest high, and accumulates Bars / Volume / Net Δ (buyers vs sellers). Anchored to time (xloc.bar_time) so it stays stable and does not drift when zooming. 🔹 Full Description What it does DRACO DateTime Range Box — Stable Δ draws one clean, session-like box between any two dates and times you choose. The bottom is fixed to the first in-range candle’s low (never moves). The top expands dynamically to the highest high within the range. The indicator accumulates: • Bars – total candle count • Volume – summed traded volume • Net Δ (delta) – buyers vs sellers dominance All geometry is anchored by real time (xloc.bar_time), ensuring perfect stability during zooming or resizing. Optional extend-right mode continues the high and low levels into the future as guide lines. Typical Use Cases Accumulation / distribution analysis within a fixed time window. Identifying who dominated the period — buyers (+) or sellers (−). Spotting large-scale range phases or institutional accumulation. Using the extended high/low as future support/resistance reference. Delta Calculation (Proxy) Δ 𝑏 𝑎 𝑟 ≈ 𝑉 𝑜 𝑙 𝑢 𝑚 𝑒 × ( 𝐶 𝑙 𝑜 𝑠 𝑒 − 𝑂 𝑝 𝑒 𝑛 ) max ⁡ ( 𝐻 𝑖 𝑔 ℎ − 𝐿 𝑜 𝑤 , 𝑡 𝑖 𝑐 𝑘 ) Δ bar ​ ≈Volume× max(High−Low,tick) (Close−Open) ​ Each bar’s Δ is clamped between −Volume and +Volume. This provides a lightweight approximation of order-flow delta without needing raw tick data. 🔹 How to Use Select your preferred Time Zone (Exchange / UTC / Europe/London). Choose a precise From Date & Time. Optionally enable Use End Date/Time to fix the end of the range. Turn on Extend High/Low to the Right if you want future S/R lines. Observe the bottom label: Bars | Volume | Net Δ (+/−) (Buyers or Sellers) 🔹 Key Inputs Date & Time Range Time Zone — controls timestamp alignment From — start date and time Use End Date/Time — optional fixed range end Box Settings Border Color / Fill Color while active Extend High/Low to Right — continues levels beyond the current bar Bottom Label Displays live metrics (Bars / Volume / Net Δ) Customizable text color, background, and size 🔹 Notes & Limitations Δ here is an approximate proxy, not real order-flow. For educational and analytical use only — not financial advice. If the selected range has no candles, the box will not appear. Refresh the chart after changing the time zone or From/To dates.
Pine Script® indicator
by tomasgudanavicius
ADR - Average Daily Range [KasTrades]This is an Average Daily Range (ADR) indicator. There are two settings for ADR: Two Look back period ADR range (e.g. 7 and 14 days) One Look back period ADR (e.g. 5 days only) Two day ADR ranges are typically used in equities and index futures whereas one day ADR is typically used in forex. The opening time by default is 17:00 New York (Eastern) time. The ranges are always calculated from the opening price of the first bar on the respected timeframe.
Pine Script® indicator
by KasTrades14
Sessions [Trade Tribe HQ]Color-coded session ranges with ADR% labels to help you trade smarter, not harder. This tool marks New York, London, Tokyo, and Sydney sessions, showing their ranges, highs/lows, VWAPs, and ADR%. 🔹 Key Features Colored session boxes (NY, London, Tokyo, Sydney) Session highs & lows, VWAP, and trendlines Dashboard showing active sessions, volume, and %ADR ADR% labels at session close 🔹 How It Helps Spot session traps, moves, and reversals faster Manage expectations using ADR% (no chasing over-extended moves) Identify overlap zones (London → NY) for volatility spikes Simplify cycle tracking across global markets Market Sessions Marker—making it easy to see where the energy has been spent and where opportunity is building next. Created with ❤️ by TraderChick – part of the Trade Tribe HQ community. If you found this tool useful, check out my profile for more strategies, classes, and resources.
Pine Script® indicator
by EricaLorrai
Monday's Range Superpowerkyu🔔 Settings You can customize the colors and toggle ON/OFF in the indicator settings. Works on daily, hourly, and minute charts. Easily visualize Monday’s high, low, and mid-line range. 📌 1. Support & Resistance with Monday’s Range Monday High: Acts as the first resistance of the week. ◽ Example: If price breaks above Monday’s high after Tuesday, it signals potential bullish continuation → long setup. Monday Low: Acts as the first support of the week. ◽ Example: If price breaks below Monday’s low, it signals bearish continuation → short setup. 📌 2. Mid-Line Trend Confirmation Monday Mid-Line = average price of Monday. Price above mid-line → bullish bias. Price below mid-line → bearish bias. Use mid-line breaks as entry confirmation for long/short positions. 📌 3. Breakout Strategy Break of Monday’s High = bullish breakout → long entry. Break of Monday’s Low = bearish breakout → short entry. Place stop-loss inside Monday’s range for a conservative approach. 📌 4. False Breakout Strategy If price breaks Monday’s high/low but then falls back inside Monday’s range, it is a False Breakout. Strategy: Trade in the opposite direction. ◽ False Breakout at High → short. ◽ False Breakout at Low → long. Stop-loss at the wick (extreme point) of the failed breakout. 📌 5. Range-Based Scalping Use Monday’s high and low as a trading range. Sell near Monday’s High, buy near Monday’s Low, repeat until breakout occurs. 📌 6. Weekly Volatility Forecast Narrow Monday range → higher chance of strong trend later in the week. Wide Monday range → lower volatility expected during the week. 📌 7. Pattern & Trend Analysis within Monday Range Look for candlestick patterns around Monday’s High/Low/Mid-Line. ◽ Example: Double Top near Monday’s High = short setup. ◽ Repeated bounce at Mid-Line = strong long opportunity. ✅ Summary The Monday’s Range (Superpowerkyu) Indicator helps traders: Identify weekly support & resistance Confirm trend direction with Mid-Line Trade breakouts & false breakouts Apply range scalping strategies Forecast weekly volatility ⚡ Especially, the False Breakout strategy is powerful as it captures failed moves and sudden sentiment reversals.
Pine Script® indicator
by superpowerkyu
Objective Doji Highlight (Range-Relative)This indicator highlights Doji candles using an objective, mathematics-based rule: a bar is Doji when the absolute difference between its open and close is less than or equal to a user-defined fraction (x) of that bar’s high–low range. How it works: Compute body size as the absolute difference between open and close. Compute the bar’s range as high minus low. Classify as Doji when body size ≤ x × range. Only Doji candles are colored; non-Doji bars remain unchanged. Inputs Doji threshold (x of range): tolerance (0–1) controlling how small the body must be relative to the range. Doji Candle Color: visual color for detected Doji candles. Example: If x = 0.10 and a candle has high = 100 and low = 90 (range = 10), the maximum allowed body is 1. If the difference between open and close is ≤ 1, the candle is marked as Doji. Why it can be useful Doji candles are often studied as signs of market indecision. This tool provides a clear, parameter-based way to identify them consistently across any timeframe, without discretionary interpretation. Notes & limitations Works with standard candlesticks (not Heikin Ashi, Renko, or other synthetic bar types). Visualization and research only: it does not produce buy/sell signals and makes no performance claims. No repainting from future data; the logic uses only the current bar’s prices.
Pine Script® indicator
by sabinaGM
Opening Range BreakoutOpen Range Breakout (ORB) – Trading Strategy Documentation Definition: The Open Range Breakout (ORB) is a short-term trading strategy that identifies the price range established during the initial period of market opening (typically the first 15 to 60 minutes) and uses the high and low of that range as key reference levels for potential breakout entries. Components: Open Range High: The highest price traded during the defined opening period. Open Range Low: The lowest price traded during the same period. Breakout Trigger: A price move above the Open Range High or below the Open Range Low, signaling potential continuation momentum. How It Works: Define the Opening Period: Select a time window (e.g., 30 minutes) at market open to establish the initial range. Identify Range Boundaries: Record the high and low prices during this period. Monitor for Breakout: Watch for price to break and close above the Open Range High (bullish breakout) or below the Open Range Low (bearish breakout). Enter Trade: Enter long on a confirmed break above the Open Range High, or short on a break below the Open Range Low. Entry may be triggered on a retest of the broken level or with volume confirmation. Set Stop-Loss and Target: Stop-loss: Placed just inside the open range (e.g., below the high for long, above the low for short). Profit target: Based on volatility (e.g., ATR multiple) or support/resistance levels. Key Assumptions: Early price action reflects initial market sentiment. A breakout from this range indicates strong directional momentum likely to continue. Best Conditions: High liquidity markets (e.g., major indices, large-cap stocks). Volatile or news-driven trading sessions. Used primarily in intraday trading. Limitations: Prone to false breakouts during low-volume or choppy markets. Requires strict risk management due to reliance on timing and confirmation. Conclusion: The ORB strategy capitalizes on early market momentum by trading breakouts from the initial price range. Its effectiveness depends on precise range definition, timely execution, and disciplined risk control.
Pine Script® indicator
by Broly_88