StO Price Action - Level ReactionShort-Summary
- Multi-timeframe reaction indicator for M5, M15, M30, H1, H4
- Monitors price interaction with higher timeframe levels (Daily, Weekly, H4)
- Detects whether price touches or breaks choosen levels
- Fully configurable colors, visibility and alerts per timeframe and level type
Full Description
Overview
- Tracks market reaction on significant levels across multiple timeframes
- Designed to identify intraday reactions to higher timeframe structure
- Supports both bullish and bearish reactions, with separate visual cues
- Alerts can be enabled to notify traders of touches or breaks
Core Logic
- Choice between detecting a touch or a break of the level
- Configurable reference level: Open, High or Low
- Lookback period can be set to target specific levels from previous candles
Timeframe Reactions
- Supported intraday reaction timeframes: M5, M15, M30, H1, H4, Daily, Weekly
- Each reaction type can be individually toggled for display
- Bullish and bearish reactions have separate color settings
- Alerts configurable per timeframe and reaction type
Alerting
- Alerts can be triggered for touches or breaks
- Supports separate alerts for each timeframe and each direction (bull/bear)
- Useful for real-time monitoring of key level interactions
Notes
- Intended as a market reaction tool not a standalone entry signal
- Helps traders confirm if price respects or violates higher timeframe levels
Pine Script®指标
