INVITE-ONLY SCRIPT
[TA] Range Regime
# Range Regime – Candle Range Monitor (RR)
## Short Description
Tracks current candle range vs historical average, flags range spikes, and labels volatility regime (LOW / NORMAL / HIGH) at a glance.
---
## What It Does
Range Regime (RR) is a volatility/range monitoring indicator designed to help you quickly understand whether the market is *quiet, normal, or expanding* on the current timeframe.
It calculates:
* Current Range
* Either Candle Range (High–Low) *or* True Range (TR)
* Average Range over a lookback window (optionally smoothed)
* Max / Min / Mid range levels over the same lookback
* Spike detection
* Marks candles where current range is ≥ (Spike Threshold × Average)
* Regime state
* Compares the current range vs a longer Baseline Average
* Labels LOW / NORMAL / HIGH volatility regime in a small table
It also shows a compact stats table with points and ticks (based on `syminfo.mintick`) so you can think in the units you actually trade.
---
## Why It’s Helpful
This tool is useful because range expansion and compression often determine:
* Whether a setup is worth taking right now
* Whether your stops/targets are realistic for the session
* Whether you should size down (high regime) or avoid forcing trades (low regime)
* When the market is shifting from chop → impulse (spikes) or impulse → stall (compression)
In practice, RR helps you answer:
* “Is volatility expanding or contracting?”
* “Is this move unusually large relative to recent history?”
* “Are we in a high-vol environment where risk needs to change?”
---
## How To Use It
1. Add to chart (it plots in its own pane).
2. Choose your Range Mode:
* Candle (H–L): pure bar range (great for clean range monitoring)
* True Range (TR): includes gaps (better for overnight / news / gap-prone markets)
3. Set Lookback (N):
* Typical: 20–100
* Smaller = more reactive, larger = more stable
4. Optionally enable Smooth the Average:
* Helps reduce noise and false “spike” triggers
5. Adjust Spike Threshold (× Avg):
* Common values:
* 1.3–1.6 = more frequent spike flags
* 1.8–2.5 = only “real” expansions get flagged
6. Set Baseline Length (Regime):
* Typical: 150–300
* This is your “background volatility context”
---
## How To Read The Plots
* Current Range (columns): what the market just “spent” in range.
* Avg: normal range for this timeframe.
* Max / Min: extremes over the lookback window.
* Mid: midpoint between Max and Min (quick “center” reference).
* Spike Line (× Avg): the threshold for a “spike.”
* Background highlight: appears when the current candle qualifies as a spike.
* Regime table (top-left):
* HIGH when current range > 1.25× baseline average
* LOW when current range < 0.75× baseline average
* Otherwise NORMAL
---
## Practical Trading Uses (Examples)
* Risk calibration: If regime is HIGH, consider wider stops / smaller size.
* Trade selection: Avoid mean-reversion scalps when spikes are frequent (momentum environment).
* Session context: Spot when market transitions from tight range (LOW) into expansion (spike + HIGH).
* Instrument comparison: Great for comparing how “active” ES vs NQ vs CL is *on the same timeframe*.
---
## Suggested Defaults
* Lookback (N): 50
* Range Mode: True Range (TR) for gap-prone markets; Candle (H–L) for cleaner intraday bars
* Smoothing: On, length 10
* Spike Threshold: 1.5×
* Baseline Length: 200
---
## Notes / Limitations
* This is not a buy/sell signal. It’s a volatility/range context tool.
* Results depend on timeframe. A spike on 1m means something very different than a spike on 1h.
* “Ticks” display uses the symbol’s `mintick` and will be most meaningful on instruments with standardized tick sizes (futures, many FX pairs, etc.).
---
## Invite-Only / Access Copy
This script is published as “Invite-Only.”
If you’ve been granted access, it will appear under Indicators → Invite-only scripts on TradingView.
If you don’t see it, you likely haven’t been added yet—request access from the publisher.
---
## Short Description
Tracks current candle range vs historical average, flags range spikes, and labels volatility regime (LOW / NORMAL / HIGH) at a glance.
---
## What It Does
Range Regime (RR) is a volatility/range monitoring indicator designed to help you quickly understand whether the market is *quiet, normal, or expanding* on the current timeframe.
It calculates:
* Current Range
* Either Candle Range (High–Low) *or* True Range (TR)
* Average Range over a lookback window (optionally smoothed)
* Max / Min / Mid range levels over the same lookback
* Spike detection
* Marks candles where current range is ≥ (Spike Threshold × Average)
* Regime state
* Compares the current range vs a longer Baseline Average
* Labels LOW / NORMAL / HIGH volatility regime in a small table
It also shows a compact stats table with points and ticks (based on `syminfo.mintick`) so you can think in the units you actually trade.
---
## Why It’s Helpful
This tool is useful because range expansion and compression often determine:
* Whether a setup is worth taking right now
* Whether your stops/targets are realistic for the session
* Whether you should size down (high regime) or avoid forcing trades (low regime)
* When the market is shifting from chop → impulse (spikes) or impulse → stall (compression)
In practice, RR helps you answer:
* “Is volatility expanding or contracting?”
* “Is this move unusually large relative to recent history?”
* “Are we in a high-vol environment where risk needs to change?”
---
## How To Use It
1. Add to chart (it plots in its own pane).
2. Choose your Range Mode:
* Candle (H–L): pure bar range (great for clean range monitoring)
* True Range (TR): includes gaps (better for overnight / news / gap-prone markets)
3. Set Lookback (N):
* Typical: 20–100
* Smaller = more reactive, larger = more stable
4. Optionally enable Smooth the Average:
* Helps reduce noise and false “spike” triggers
5. Adjust Spike Threshold (× Avg):
* Common values:
* 1.3–1.6 = more frequent spike flags
* 1.8–2.5 = only “real” expansions get flagged
6. Set Baseline Length (Regime):
* Typical: 150–300
* This is your “background volatility context”
---
## How To Read The Plots
* Current Range (columns): what the market just “spent” in range.
* Avg: normal range for this timeframe.
* Max / Min: extremes over the lookback window.
* Mid: midpoint between Max and Min (quick “center” reference).
* Spike Line (× Avg): the threshold for a “spike.”
* Background highlight: appears when the current candle qualifies as a spike.
* Regime table (top-left):
* HIGH when current range > 1.25× baseline average
* LOW when current range < 0.75× baseline average
* Otherwise NORMAL
---
## Practical Trading Uses (Examples)
* Risk calibration: If regime is HIGH, consider wider stops / smaller size.
* Trade selection: Avoid mean-reversion scalps when spikes are frequent (momentum environment).
* Session context: Spot when market transitions from tight range (LOW) into expansion (spike + HIGH).
* Instrument comparison: Great for comparing how “active” ES vs NQ vs CL is *on the same timeframe*.
---
## Suggested Defaults
* Lookback (N): 50
* Range Mode: True Range (TR) for gap-prone markets; Candle (H–L) for cleaner intraday bars
* Smoothing: On, length 10
* Spike Threshold: 1.5×
* Baseline Length: 200
---
## Notes / Limitations
* This is not a buy/sell signal. It’s a volatility/range context tool.
* Results depend on timeframe. A spike on 1m means something very different than a spike on 1h.
* “Ticks” display uses the symbol’s `mintick` and will be most meaningful on instruments with standardized tick sizes (futures, many FX pairs, etc.).
---
## Invite-Only / Access Copy
This script is published as “Invite-Only.”
If you’ve been granted access, it will appear under Indicators → Invite-only scripts on TradingView.
If you don’t see it, you likely haven’t been added yet—request access from the publisher.
---
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TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
DM for access
The Official Trading View of @TAtheDog
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系CoreySurles。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
DM for access
The Official Trading View of @TAtheDog
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。