OPEN-SOURCE SCRIPT
High Low Open Mid Ranges & Levels (Multi-Timeframe)
已更新
This indicator automatically plots the chosen timeframe's high, low, mid point and open. These levels on higher timeframes act as support and resistance levels on lower timeframes, helping find entries, stoploss and profit targets.
Most common timeframes to choose are Daily, 1W, 1M, and 3M. Other timeframes that are good include, 2D, 2W and 2M.
For example, you can see in the snapshot below, we are on the 4hr TF showing those levels from the 2W. This historical 2W zone (open and mid) was (and currently still is) resistance. You can see it also provided a good entry to go short.
This is also useful for intraday scalping. Below, we are on the 15min TF with levels set on the 2D timeframe. You can see how the Open and Mid levels acted as resistance, providing good entries on range trades, with take profit set at the previous 2D low.
There is also a table which tells you all the main TFs high, low, open, and mid levels. They are the most important ones to look out for.
This indicator should not be used in isolation; it is best to pair it up with other TA such as orderblocks, S/D zones, S&R or overlay indicators.
Most common timeframes to choose are Daily, 1W, 1M, and 3M. Other timeframes that are good include, 2D, 2W and 2M.
For example, you can see in the snapshot below, we are on the 4hr TF showing those levels from the 2W. This historical 2W zone (open and mid) was (and currently still is) resistance. You can see it also provided a good entry to go short.
This is also useful for intraday scalping. Below, we are on the 15min TF with levels set on the 2D timeframe. You can see how the Open and Mid levels acted as resistance, providing good entries on range trades, with take profit set at the previous 2D low.
There is also a table which tells you all the main TFs high, low, open, and mid levels. They are the most important ones to look out for.
This indicator should not be used in isolation; it is best to pair it up with other TA such as orderblocks, S/D zones, S&R or overlay indicators.
版本注释
Updated to V5版本注释
Mega Update-> Added Monday's range as an option (High|Low|Mid|Open).
-> Added session vertical dividers based on timeframe chosen.
-> Added day of week labels at bottom of chart.
- Time zone can be changed for Monday's range and day of week labels.
版本注释
-> Changed Monday's range into a dropdown so all days can be chosen.版本注释
Thank you pompiht for suggesting this. Changed the extend last range function so it'll apply to all historical ranges.
版本注释
UPDATE ==>>-> Thank you kjs1 for your suggestion. I've implemented it so you can turn historical ranges on/off in the menu.
-> Optimised and minimised code.
-> Fixed bugs that were displaying incorrect prices
If there are any glitches please let me know :)
版本注释
Changed some code formatting.开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！您可以免费使用它，但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。
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