Asia Range Breakout Asia Range Breakout
Description:
Asia Range Breakout is a sophisticated, multi-filter trading tool designed to identify high-probability breakout opportunities during the core Asian trading session. By combining session-based range analysis with advanced confirmation filters like Heiken Ashi momentum, Ichimoku baseline trends, and EMA alignment, this indicator helps traders capture decisive moves while filtering out market noise.
Tired of false breakouts? This system provides a structured framework to trade the Sydney and Tokyo sessions with precision and confidence.
Key Features:
Multi-Session Range Tracking:
Monitors 6 distinct pre-defined Asian sessions (Sydney Box, Tokyo Pre-Open, Tokyo Launch, etc.).
Dynamically plots High and Low boundaries for each session (Teal for Highs, Red for Lows).
Individually toggleable sessions to focus on your preferred trading window.
Smart Alert & Signal System:
Generates alerts based on Heiken Ashi candle closings relative to session ranges.
Dual-Size Signals: Differentiates between "Large" breakouts (outside the range) and "Small" signals (within the range).
Configurable alert timeframe for confirmation candle closure.Built-in Sound Alerts for real-time notifications.
Advanced Confirmation Filters:
Heiken Ashi Momentum Filter: Ensures breakout candles have significant momentum, adjustable via a threshold multiplier.
EMA 200 Filter: Confirms the breakout's alignment with the broader trend.
Ichimoku Baseline (Kijun-sen) Filter: Uses a dynamic support/resistance level for additional confirmation.
Ichimoku Baseline Divergence Filter: A unique feature that requires the baseline's slope to match the breakout direction (Bullish for buys, Bearish for sells).
ATR Volatility Filter: (Optional) Ensures the breakout candle has sufficient range relative to recent market volatility.
Visual Enhancements:
Take-Profit Lines: Projects profit targets using ATR and connects consecutive alerts with a trendline.
Heiken Ashi Overlay: Displays smoothed Heiken Ashi candles directly on the main chart for cleaner trend visualization.
Divergence Trend Line: Visually plots the slope of the Ichimoku Baseline for quick trend assessment.
Session Background Highlighter: Shades the active sessions for easy time reference.
Comprehensive Debug Info Box: Provides real-time feedback on filter status, perfect for strategy validation and learning.
Usage Instructions & Tips:
1. Initial Setup:
Start simple! Apply the indicator to a 5-minute or 1-minute chart.
Recommended Instruments:
Forex: Major pairs like AUD/USD , USD/JPY or EUR/JPY.
Indices: `NAS100` (Nasdaq), `US30` (Dow Jones), `JP225` (Nikkei 225).
Commodities: `XAUUSD` (Gold).
Initially, enable only the Sydney Box (00:30 - 03:15 UTC) as it is the most robust session, then explore others.
2. Interpreting the Signals:
Large Green Arrow (Above Bar): A strong BUY signal. The Heiken Ashi candle closed above the session's High, and all enabled filters are confirmed.
Small Green Arrow (Above Bar): A moderate BUY signal. The candle closed bullishly but within the session range.
Large Red Arrow (Below Bar): A strong SELL signal. The Heiken Ashi candle closed below the session's Low, with filter confirmation.
Small Red Arrow (Below Bar): A moderate SELL signal. The candle closed bearishly but within the session range.
3. Optimizing Your Strategy:
Filter Tuning: The default filters are balanced. Adjust them based on your risk appetite:
Increase the Heiken Ashi Threshold (e.g., to 0.2) for fewer, but stronger signals.
Disable filters like ATR or Divergence if you find them too restrictive.
The Power of Divergence: The Ichimoku Divergence filter is a powerful trend-confirmation tool. Pay close attention to it for the highest-quality signals.
Use the Debug Box: Enable the "Show Debug Info Box" to see exactly why a signal did or did not trigger. This is invaluable for understanding the indicator's logic and avoiding bad trades.
4. Risk Management:
The TP Lines provide a logical profit target based on market volatility. Consider using them for setting take-profit orders.
Always use a stop-loss. A logical level is the opposite side of the session range (e.g., for a buy signal, place a stop below the session low).
You're very welcome! I'm glad I could help you create a professional tool. Wishing you great success with your Trading! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Range
3/4-Bar GRG / RGR Pattern (Conditional 4th Candle)This indicator can be used to identify the Green-Red-Green or Red-Green-Red pattern.
It is a price action indicator where a price action which identifies the defeat of buyers and sellers.
If the buyers comprehensively defeat the sellers then the price moves up and if the sellers defeat the buyers then the price moves down.
In my trading experience this is what defines the price movement.
It is a 3 or 4 candle pattern, beyond that i.e, 5 or more candles could mean a very sideways market and unnecessary signal generation.
How does it work?
Upside/Green signal
Say candle 1 is Green, which means buyers stepped in, then candle 2 is Red or a Doji, that means sellers brought the price down. Then if candle 3 is forming to be Green and breaks the closing of the 1st candle and opening of the 2nd candle, then a green arrow will appear and that is the place where you want to take your trade.
Here the buyers defeated the sellers.
Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4.
Important - We need to enter the trade as soon as the price moves above the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close. Ignore wicks.
I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market.
I call it the +-+ or GRG pattern.
Stop loss can be candle 2's mid for safe traders (that includes me) or candle 2's body low for risky traders.
Back testing suggests that body low will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster.
Downside/Red signal
Say candle 1 is Red, which means sellers stepped in, then candle 2 is Green or a Doji, that means buyers took the price up. Then if candle 3 is forming to be Red and breaks the closing of the 1st candle and opening of the 2nd candle then a Red arrow will appear and that is the place where you want to take your trade.
Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4.
We need to enter the trade as soon as the price moves below the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close.
I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market.
I call it the -+- or RGR pattern.
Stop loss can be candle 2's mid for safe traders ( that includes me) or candle 2's body high for risky traders.
Back testing suggests that body high will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster.
Important Settings
You can enable or disable the 4th candle signal to avoid the noise, but at times I have noticed that the 4th candle gives a very strong signal or I can say that the strong signal falls on the 4th candle. This is mostly a coincidence.
You can also configure how many previous bars should the signal be generated for. 10 to 30 is good enough. To backtest increase it to 2000 or 5000 for example.
Rest are self explanatory.
Pointers
If after taking the trade, the next candle moves in your direction and closes strong bullish or bearish, then move SL to break even and after that you can trail it.
If a upside trade hits SL and immediately a down side trade signal is generated on the next candle then take it. Vice versa is true.
Trades need to be taken on previous 2 candle's body high or low combined and not the wicks.
The most losses a trader takes is on a sideways day and because in our strategy the stop loss is so small that even on a sideways day we'll get out with a little profit or worst break even.
Hold targets for longer targets and don't panic.
If last 3-4 days have been sideways then there is a good probability that day will be trending so we can hold our trade for longer targets. Target to hold the trade for whole day and not exit till the day closes.
In general avoid trading in the middle of the day for index and stocks. Divide the day into 3 parts and avoid the middle.
Use Support/Resistance, 10, 20, 50, 200 EMA/SMA, Gaps, Whole/Round numbers(very imp) for identifying targets.
Trail your SL.
For indexes I would use 5 min and 15 min timeframe.
For commodities and crypto we can use higher timeframe as well. Look for signals during volatile time durations and avoid trading the whole day. Signal usually gives good targets on those times.
If a GRG or RGR pattern appears on a daily timeframe then this is our time to go big.
Minimum Risk to Reward should be 1:2 and for longer targets can be 1:4 to 1:10.
Trade with small lot size. Money management will happen automatically.
With small lot size and correct Risk-Re ward we can be very profitable. Don't trade with big lot size.
Stay in the market for longer and collect points not money.
Very imp - Watch market and learn to generate a market view.
Very imp - Only 4 candles are needed in trading - strong bullish, strong bearish, hammer, inverse hammer and doji.
Go big on bearish days for option traders. Puts are better bought and Calls are better sold.
Cluster of green signals can lead to bigger move on the upside and vice versa for red signals.
Most of this is what I learned from successful traders (from the top 2%) only the indicator is mine.
EMA Dual with SL/TP ATR basedDouble EMA with cross and direction display.
Calculate stop loss / take profit based on ATR
If entering is not in the recognize direction also SL/TP is display (inversed values)
SL is 2xATR and TP is 4xAT by default - can be change
Also, SL/TP can be calculated at cross or at actual - see the table.
Total Points Range by exp3rtsThis indicator measures and displays the true intraday movement of a market by approximating tick-level activity using 1-second data aggregation. Instead of only looking at net candle movement, it sums every price change during a session, giving traders a more accurate picture of market effort and volatility.
Total Points Moved (TPM) – Captures the full distance traveled by price, not just the net gain/loss.
Bullish vs. Bearish Movement – Separates upward and downward moves so you can see who dominated the session.
Custom Sessions – Define your own session start/end times and time zone for precise tracking.
End-of-Session Summary – Automatically plots a label at session completion with totals for TPM, bullish, and bearish movement.
Visual Session Highlighting – Background shading makes it easy to see when the chosen session is active.
This tool is useful for:
Understanding the true effort vs. result of price movement
Comparing volatility across sessions
Identifying whether bulls or bears contributed more to market swings
Supporting order flow and tick-based trading strategies
ORB Pro w/ Filters + Debug + ORB Fib + Golden Pocket + HTF Trend🚀 ORB Pro – Advanced Opening Range Breakout System
A professional ORB indicator with built-in filters, retest confirmation, EMA/HTF trend alignment, and automatic risk/reward targets. Designed to eliminate false breakouts and give traders clean LONG/SHORT signals with Fibonacci and debug overlays for maximum precision.
This script is an advanced Opening Range Breakout (ORB) system designed for futures, indices, and options traders who want more precision, cleaner entries, and higher win probability. It combines classic ORB logic with modern filters, Fibonacci confluence, and higher-timeframe trend confirmation.
The indicator automatically:
Plots the ORB box based on user-defined NY session times (default: 9:30–9:45 EST).
Generates long/short signals when price breaks the ORB range, with optional conditions like:
Candle close outside the range
Retest confirmation (with tolerance %)
Volume spike validation
EMA trend alignment
Higher-timeframe EMA slope alignment
Cooldown filters to prevent over-trading
Integrates Fibonacci retracements & extensions from the ORB box for confluence levels.
Includes Golden Pocket (0.5–0.618) retests for precision entries
Risk/Reward visualization — automatically plots stop loss and take profit levels based on user-defined R:R or fixed % levels.
Debug mode overlay to show why a signal is blocked (e.g., low volume, ORB too small, too late, wrong trend).
This tool is built for scalpers, day traders, and 0DTE options traders who need both flexibility and discipline.
⚙️ Inputs & Features
ORB Settings
ORB Start & End Time (NY) → Default: 9:30–9:45
Require Candle Close → Ensures breakouts are confirmed, not wick traps.
Retest Confirmation → Optional retest before entry (tolerance % adjustable).
Filters
Volume Spike → Validates breakouts only with above-average volume.
EMA Trend Filter → Confirms trade direction with EMA slope.
Higher Timeframe Trend → Optional (e.g., 15m ORB with 1h EMA alignment).
Cooldown Bars → Prevents consecutive false signals.
ORB Size Filter → Blocks signals when ORB is too small/too large.
Fibonacci Levels
Retracements: 0.236, 0.382, 0.5, 0.618, 0.786
Extensions: 1.272, 1.618
Golden Pocket Retest filter for high-probability trades
Risk Management
R:R Stops/Targets → Automatically plots SL/TP levels.
Custom Stop % / Take Profit % if not using R:R
Debug Overlay → Explains why signals are blocked
🧑💻 How to Use
Load the indicator on your chart (works best on 1m, 5m, and 15m).
Adjust ORB window (default 9:30–9:45 EST).
Select filters (candle close, retest, volume, EMA, HTF trend).
Watch for Long/Short labels outside ORB box with filters aligned.
Manage trades using plotted SL/TP levels or your own Webull/R:R calculator.
✅ Best Use Cases
Futures (NQ1!, ES1!)
ETFs (QQQ, SPY, IWM)
0DTE Options Trading
Scalping around market open
⚠️ Disclaimer
This tool is for educational purposes only. It does not constitute financial advice. Trading carries risk, and past performance does not guarantee future results. Always test on paper trading before using real capital.
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ORB Pro w/ Filters + Debug + ORB Fib + Golden Pocket + HTF Trend
A professional Opening Range Breakout (ORB) toolkit designed for intraday traders who want precision entries, risk-managed exits, and layered confirmation filters. Built for futures, stocks, and ETFs (e.g. NQ, ES, QQQ).
🔎 Core Logic
This script plots and trades breakouts from the Opening Range (9:30 – 9:45 NY time), then applies multiple confirmation filters before signaling a LONG or SHORT setup:
ORB Box: Defines the first 15 minutes of market activity (customizable).
Breakout Candle Confirmation: Requires a candle close outside the ORB box.
Retest Confirmation: Price must retest the ORB edge within tolerance before triggering.
Trend Filter: EMA confirmation to align trades with intraday trend.
Higher-Timeframe Trend Filter: Optional (default: 45-minute EMA) to avoid countertrend trades.
Fibonacci Levels: Auto-plot retracements (0.236 → 0.786) for confluence and trade management.
Golden Pocket Retest (Optional): Adds an extra precision filter at 0.5–0.618 retracement.
⚙️ Default Settings (Optimized for Beginners)
These are the pre-configured inputs so traders can load and trade immediately:
ORB Session: 9:30 – 9:45 NY
✅ Require Candle Close Outside ORB
✅ Require Retest Confirmation (tolerance 0.333%)
❌ Require Volume Spike (off by default, optional toggle)
✅ Require EMA Trend (50 EMA intraday)
✅ Require Higher-TF Trend (45m, EMA 21)
❌ Higher-TF EMA slope required (off)
✅ Cooldown Between Signals (10 bars)
ORB % Range: Min 0.3%, Max 0.5%
Max Minutes After ORB: 180
✅ ORB-based Risk/Reward Stops & Targets (default: 2R)
Stop Loss: 0.5% (if not R:R)
Take Profit: 1% (if not R:R)
✅ Debug Overlay (shows why signals are blocked)
✅ Fibonacci Retracements Plotted
❌ Extensions (off by default, toggle if needed)
✅ Golden Pocket Retest available, tolerance 0.11 (optional)
📈 Signals
Green "LONG" Label: Valid breakout above ORB with trend confirmation.
Red "SHORT" Label: Valid breakdown below ORB with trend confirmation.
Blocked (debug text): Signal suppressed by filters (low volume, too late, no retest, etc.).
🎯 Trade Management
Default R:R is 2:1 (stop at ORB edge, TP projected).
For manual trading (e.g., Webull, IBKR), you can use the plotted TP/SL boxes directly.
Fibonacci + Golden Pocket give additional profit-taking levels and retest filters.
✅ Best Practices
Use 15m chart for main ORB entries.
Confirm direction with HTF trend (45m EMA by default).
Avoid signals blocked by “Low Volume” or “Too Late” (debug helps identify).
Adjust ORB % range for asset volatility (tight for ETFs, wider for futures).
🚀 Why ORB Pro?
This is more than a standard ORB indicator. It’s a professional breakout system with filters designed to avoid false breakouts, automatically handle risk/reward, and guide traders with clear visual signals. Perfect for both systematic day traders and discretionary scalpers who want structure and confidence.
👉 Recommended starting point:
Load defaults → trade the 15m ORB with EMA + HTF filters on → let the script handle retests and stop/target placement.
Time Range by exp3rtsTime Window highlights a custom time range directly on your chart, helping you focus on specific market sessions or trading hours.
Key Features:
Highlights a custom time range with a shaded background
Fully adjustable start and end time (hour & minute)
Supports multiple time zones (e.g., GMT, UTC, Europe/Berlin)
Optional market color shading inside the window (bull/bear neutral tone)
Use Cases:
Mark London Open, New York Session, or any session overlap
Focus on high-probability trading hours
Visualize your backtesting timeframe or algo activity window
Track premarket or after-hours activity for futures or indices
Customization:
Set the beginning and end time in your local or exchange time zone
Choose your timezone string (e.g., "GMT", "Etc/UTC", "America/New_York")
Automatically colors candles in the time window for easy visibility
Atlantean Sideways / Range Regime DetectorPurpose
When using trend based indicators, you can skip the false signals when there is a sideways action, protecting you from the false signals.
Flags likely sideways/range phases using three checks:
Weak trend (ADX from DMI)
Price compression (Bollinger Band Width, normalized)
Low volatility (NATR = ATR/Price%)
Logic
isSideways = (ADX < adxThresh) AND (bbNorm < 0.25) AND (NATR < natrMax)
When true: bars + background turn teal and a provisional Range High/Low (rolling rangeWin) is drawn.
Key Inputs
DMI: diLen(22)
Optimized for 15 mins Bitcoin, could change it to 14 for more general approach
ADX: adxSmooth(14), adxThresh(18)
Volatility: lenATR(14), natrMax(1.8)
Visuals: rangeWin(20), bar/range toggles
Quick Tuning
More signals: raise adxThresh to 20–25, raise natrMax to 2.5–4.0, increase BB cutoff by editing bbNorm < 0.25 --> 0.35–0.50.
Smoother range lines: increase rangeWin to 30–40.
Use Cases
Mean reversion inside teal ranges.
Breakout prep when price closes outside the drawn range after teal ends. Could be used as a signal although not suggested.
Filter trend systems: skip trades when sidewaysCond is true. This is the main purpose, for it to be combined with trend based indicators, like Supertrend.
Alert
“Sideways Detected” triggers when isSideways is true.
Script could be expanded upon your requests.
Opening Candle Zone with ATR Bands by nkChartsThis indicator highlights the opening range of each trading session and projects dynamic ATR-based zones around it.
Key Features
Plots high and low levels of the opening candle for each new daily session.
Extends these levels across the session, providing clear intraday support and resistance zones.
Adds ATR-based offset bands above and below the opening range for volatility-adjusted levels.
Customizable colors, ATR length, and multiplier for flexible use across markets and timeframes.
Adjustable session history limit to control how many past levels remain on the chart.
How to Use:
The opening range high/low often acts as strong intraday support or resistance.
The ATR bands give an adaptive volatility buffer, useful for breakout or mean-reversion strategies.
Works on any market with clear session opens.
This tool is designed for traders who want to combine session-based price action with volatility insights, helping identify potential breakouts, reversals, or consolidation areas throughout the day.
⚠️ Disclaimer: This indicator is for educational purposes only. It does not provide financial advice or guarantee profits. Always perform your own analysis before making trading decisions.
88-Key Piano Range - Musical Price Levels88-Key Piano Range - Musical Price Levels
Description:
Explore price analysis through musical harmony! This educational indicator maps price movements to the standard 88-key piano keyboard (A0 to C8), offering a creative way to visualize market ranges and explore harmonic price relationships with authentic keyboard-style background fills.
🎹 KEY FEATURES:
• Complete 88-Key Mapping - Full piano range from A0 to C8 mapped to your price range
• Piano-Style Visual Design - Clean background fills distinguishing white keys, black keys, and octaves
• Dual Anchor System - Set two time/price points to define your analytical range
• Flexible Display Options - Show all 88 keys, octaves only (C notes), or custom selections
• Harmonic Exploration - Explore consonant/dissonant key relationships based on music theory
• Real-time Price Note - See what musical note your current price represents
• Customizable Interface - Adjust colors, line widths, fills, and visual elements
🎵 EDUCATIONAL CONCEPTS:
• Octave Levels - C notes as harmonic reference points (similar to round numbers)
• Key Classifications - Natural notes (white keys) vs chromatic notes (black keys)
• Harmonic Intervals - Musical relationships applied to price analysis
• Creative Visualization - Alternative way to view price ranges and movements
⚙️ HOW TO USE:
1. Select Your Price Leg - Choose an upleg, downleg, or significant price movement to explore
2. Set Anchor A - Place at the start of your selected leg (swing low for upleg, swing high for downleg)
3. Set Anchor B - Place at the end of your selected leg (swing high for upleg, swing low for downleg)
4. Configure Display - Select all keys, octaves only, or enable background fills
5. Explore Harmonics - Enable harmony coloring to see musical relationships
6. Study Patterns - Observe how price movements align with musical intervals
🎼 CREATIVE APPLICATIONS:
• Experimental Analysis - Try a musical approach to leg analysis
• Educational Tool - Learn about mathematical relationships in both music and markets
• Alternative Perspective - View support/resistance through a musical lens
• Pattern Recognition - Explore if harmonic levels show interesting price behavior
• Fun Learning - Combine musical knowledge with trading concepts
📊 EXPERIMENTAL USE:
• Creative alternative to traditional Fibonacci levels
• Educational exploration of mathematical harmony in markets
• Interesting way to visualize price ranges and retracements
• Novel approach for musicians interested in trading concepts
Important Note: This is an educational and experimental tool that applies musical theory concepts to price analysis. It should be used for learning and exploration purposes alongside proven technical analysis methods. The musical relationships are mathematically based but not validated as reliable trading signals.
Interval Highlighter with High/Low AlertsInterval Highlighter with High/Low Alerts
Overview:
This Pine Script indicator enhances chart analysis by highlighting specific time intervals and marking the highest and lowest prices within those periods. It supports three customizable modes:
Date Range: Highlight a user-defined period with background shading and plot the highest and lowest prices.
Days of the Week: Highlight specific weekdays with background colors and plot the highest and lowest prices for each day.
Intraday Interval: Highlight a specific intraday time range (e.g., 12:30 PM to 4:30 PM) with background shading and plot the highest and lowest prices within that interval.
Alerts are triggered when the price touches any of the highlighted high or low levels, providing real-time notifications for potential trading opportunities.
High and low lines extend to the right and remain visible after the interval ends. This ensures they act as actionable reference points for alerts between intervals, allowing users to monitor critical levels until a new interval of the same category forms.
Features:
Customizable Time Intervals: Define specific date ranges, weekdays, or intraday intervals to highlight on the chart.
High/Low Tracking: Automatically plots the highest and lowest prices within the defined intervals.
Real-Time Alerts: Set up alerts to notify when the price touches any of the highlighted high or low levels.
Actionable Lines: High/low lines remain visible after interval completion to serve as reference points for alerts.
Visual Enhancements: Customize background colors and line styles for each interval type.
Usage:
Apply the indicator to your chart.
Configure the desired modes (Date Range, Days of the Week, Intraday Interval) in the settings.
Customize the appearance settings to match your preferences.
Set up alerts based on the highlighted high/low levels.
Disclaimer:
This indicator is designed to assist in identifying potential areas of interest based on historical high and low levels within specified intervals. It is not intended as a standalone trading signal. Users should employ additional technical analysis tools and conduct thorough research before making trading decisions.
Ranges by TraderHaroThis indicator highlights a custom price range for a selected date/time period on your chart. It draws key levels (0.00, 0.25, 0.50, 0.75, 1.00) within the range, visually marking the Premium Zone (upper range) and Discount Zone (lower range).
Features:
- Define a specific date/time range for the analysis.
- Optional fill between top and bottom levels with customizable color and transparency.
- Shows mid-levels (0.25, 0.50, 0.75) for additional guidance.
- Lines and fill can be extended to the right side of the chart.
- Labels for levels can be displayed or hidden.
Use Case:
Quickly identify where price is trading relative to a defined range, visualize potential zones of premium (resistance) and discount (support), and make better-informed trading decisions.
Advanced Range Analyzer ProAdvanced Range Analyzer Pro – Adaptive Range Detection & Breakout Forecasting
Overview
Advanced Range Analyzer Pro is a comprehensive trading tool designed to help traders identify consolidations, evaluate their strength, and forecast potential breakout direction. By combining volatility-adjusted thresholds, volume distribution analysis, and historical breakout behavior, the indicator builds an adaptive framework for navigating sideways price action. Instead of treating ranges as noise, this system transforms them into opportunities for mean reversion or breakout trading.
How It Works
The indicator continuously scans price action to identify active range environments. Ranges are defined by volatility compression, repeated boundary interactions, and clustering of volume near equilibrium. Once detected, the indicator assigns a strength score (0–100), which quantifies how well-defined and compressed the consolidation is.
Breakout probabilities are then calculated by factoring in:
Relative time spent near the upper vs. lower range boundaries
Historical breakout tendencies for similar structures
Volume distribution inside the range
Momentum alignment using auxiliary filters (RSI/MACD)
This creates a live probability forecast that updates as price evolves. The tool also supports range memory, allowing traders to analyze the last completed range after a breakout has occurred. A dynamic strength meter is displayed directly above each consolidation range, providing real-time insight into range compression and breakout potential.
Signals and Breakouts
Advanced Range Analyzer Pro includes a structured set of visual tools to highlight actionable conditions:
Range Zones – Gradient-filled boxes highlight active consolidations.
Strength Meter – A live score displayed in the dashboard quantifies compression.
Breakout Labels – Probability percentages show bias toward bullish or bearish continuation.
Breakout Highlights – When a breakout occurs, the range is marked with directional confirmation.
Dashboard Table – Displays current status, strength, live/last range mode, and probabilities.
These elements update in real time, ensuring that traders always see the current state of consolidation and breakout risk.
Interpretation
Range Strength : High scores (70–100) indicate strong consolidations likely to resolve explosively, while low scores suggest weak or choppy ranges prone to false signals.
Breakout Probability : Directional bias greater than 60% suggests meaningful breakout pressure. Equal probabilities indicate balanced compression, favoring mean-reversion strategies.
Market Context : Ranges aligned with higher timeframe trends often resolve in the dominant direction, while counter-trend ranges may lead to reversals or liquidity sweeps.
Volatility Insight : Tight ranges with low ATR imply imminent expansion; wide ranges signal extended consolidation or distribution phases.
Strategy Integration
Advanced Range Analyzer Pro can be applied across multiple trading styles:
Breakout Trading : Enter on probability shifts above 60% with confirmation of volume or momentum.
Mean Reversion : Trade inside ranges with high strength scores by fading boundaries and targeting equilibrium.
Trend Continuation : Focus on ranges that form mid-trend, anticipating continuation after consolidation.
Liquidity Sweeps : Use failed breakouts at boundaries to capture reversals.
Multi-Timeframe : Apply on higher timeframes to frame market context, then execute on lower timeframes.
Advanced Techniques
Combine with volume profiles to identify areas of institutional positioning within ranges.
Track sequences of strong consolidations for trend development or exhaustion signals.
Use breakout probability shifts in conjunction with order flow or momentum indicators to refine entries.
Monitor expanding/contracting range widths to anticipate volatility cycles.
Custom parameters allow fine-tuning sensitivity for different assets (crypto, forex, equities) and trading styles (scalping, intraday, swing).
Inputs and Customization
Range Detection Sensitivity : Controls how strictly ranges are defined.
Strength Score Settings : Adjust weighting of compression, volume, and breakout memory.
Probability Forecasting : Enable/disable directional bias and thresholds.
Gradient & Fill Options : Customize range visualization colors and opacity.
Dashboard Display : Toggle live vs last range, info table size, and position.
Breakout Highlighting : Choose border/zone emphasis on breakout events.
Why Use Advanced Range Analyzer Pro
This indicator provides a data-driven approach to trading consolidation phases, one of the most common yet underutilized market states. By quantifying range strength, mapping probability forecasts, and visually presenting risk zones, it transforms uncertainty into clarity.
Whether you’re trading breakouts, fading ranges, or mapping higher timeframe context, Advanced Range Analyzer Pro delivers a structured, adaptive framework that integrates seamlessly into multiple strategies.
Script_Algo - ORB Strategy with Filters🔍 Core Concept: This strategy combines three powerful technical analysis tools: Range Breakout, the SuperTrend indicator, and a volume filter. Additionally, it features precise customization of the number of candles used to construct the breakout range, enabling optimized performance for specific assets.
🎯 How It Works:
The strategy defines a trading range at the beginning of the trading session based on a selected number of candles.
It waits for a breakout above the upper or below the lower boundary of this range, requiring a candle close.
It filters signals using the SuperTrend indicator for trend confirmation.
It utilizes trading volume to filter out false breakouts.
⚡ Strategy Features
📈 Entry Points:
Long: Candle close above the upper range boundary + SuperTrend confirmation
Short: Candle close below the lower range boundary + SuperTrend confirmation
🛡️ Risk Management:
Stop-Loss: Set at the opposite range boundary.
Take-Profit: Calculated based on a risk/reward ratio (3:1 by default).
Position Size: 10 contracts (configurable).
⚠️ IMPORTANT SETTINGS
🕐 Time Parameters:
Set the correct time and time zone!
❕ATTENTION: The strategy works ONLY with correct time settings! Set the time corresponding to your location and trading session.
📊 This strategy is optimized for trading TESLA stock!
Parameters are tailored to TESLA's volatility, and trading volumes are adequate for signal filtering. Trading time corresponds to the American session.
📈 If you look at the backtesting results, you can see that the strategy could potentially have generated about 70 percent profit on Tesla stock over six months on 5m timeframe. However, this does not guarantee that results will be repeated in the future; remain vigilant.
⚠️ For other assets, the following is required:
Testing and parameter optimization
Adjustment of time intervals and the number of candles forming the range
Calibration of stop-loss and take-profit levels
⚠️ Limitations and Drawbacks
🔗 Automation Constraints:
❌ Cannot be directly connected via Webhook to CFD brokers!
Additional IT solutions are required for automation, thus only manual trading based on signals is possible.
📉 Risk Management:
Do not risk more than 2-3% of your account per trade.
Test on historical data before live use.
Start with a demo account.
💪 Strategy Advantages
✅ Combined approach – multiple signal filters
✅ Clear entry and exit rules
✅ Visual signals on the chart
✅ Volume-based false breakout filtering
✅ Automatic position management
🎯 Usage Recommendations
Always test the strategy on historical data.
Start with small trading volumes.
Ensure time settings are correct.
Adapt parameters to current market volatility.
Use only for stocks – futures and Forex require adaptation.
📚 Suitable Timeframes - M1-M15
Only highly liquid stocks
🍀 I wish all subscribers good luck in trading and steady profits!
📈 May your charts move in the right direction!
⚠️ Remember: Trading involves risk. Do not invest money you cannot afford to lose!
Major Lows OscillatorDescription
The Major Lows Oscillator is a custom technical indicator designed to identify significant low-price areas by normalizing the current closing price relative to recent lowest lows and highest highs. The oscillator calculates a normalized price percentage over a configurable lookback period, applies exponential moving averages for smoothing, and inverts the result to highlight potential market bottoms.
Calculation Details
Lowest Low Lookback : Finds the lowest low over a user-defined period (default 100 bars).
Highest High Lookback : Calculates the highest high over a short period (default 1 bar), providing a dynamic normalization range.
Normalization : Normalizes the current close within the range defined by the lowest low and highest high, scaled to 0-100.
Smoothing : Applies a 10-period EMA, inversion, and weighted smoothing combining the last valid value and current oscillator reading.
Final Output : Applies a final EMA (period 1) and inverts the oscillator (100 - value) to emphasize major lows.
Features
Customizable midline level for signal alerts (default 50).
Visual midline reference line.
Alerts trigger on oscillator crossing below midline for automated monitoring.
Usage
Useful for complementing existing setups or integration in algorithmic trading strategies.
Changing the input parameters opens new ways to leverage the asymmetric range concept, allowing adaptation to different market regimes and enhancing the oscillator’s sensitivity and utility.
Examples of input combinations and their potential purposes include:
Extremely Asymmetric Setting: Lowest Low Lookback = 200, Highest High Lookback = 1
Focuses on deep long-term lows contrasted with immediate highs, ideal for spotting strong oversold levels within an otherwise bullish short-term momentum.
Symmetric Lookbacks: Lowest Low Lookback = Highest High Lookback = 50
Balances the range equally, creating a normalized oscillator that treats recent lows and highs with the same weight — useful for markets with balanced volatility.
Short but Equal Lookbacks: Lowest Low Lookback = Highest High Lookback = 10
Highly sensitive to recent price swings, this setting can detect rapid shifts and is suited for intraday or very short-term trading.
Inverted Extreme: Lowest Low Lookback = 1, Highest High Lookback = 100
Highlights very recent lows against a long-term high range, possibly signaling quick dips in a generally overextended market.
Inputs
Midline Level : Threshold for alerts (default 50).
Lowest Low Lookback Period : Bars evaluated for lowest low (default 100).
Highest High Lookback Period : Bars evaluated for highest high (default 1).
Alerts
Configured to trigger once per bar close when the oscillator crosses below the midline level.
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Disclaimer
This indicator is for educational and analytical use only.
Recent Range DetectorOverview
The Recent Range Detector is a specialized indicator designed to identify when an asset is currently range-bound, providing traders with clear support and resistance levels for range trading strategies. Unlike traditional indicators that focus on trend detection, this tool specifically answers the question: "Is the price range-bound right now, and what are the exact trading levels?"
Key Features
✅ Smart Range Detection - Uses a multi-factor scoring system to identify legitimate ranges
✅ Dynamic Support/Resistance Levels - Automatically calculates and displays key trading levels
✅ Range Quality Scoring - Provides confidence levels (Strong/Moderate/Weak Range)
✅ Touch Validation - Counts actual price touches to confirm range reliability
✅ Breakout Detection - Alerts when price exits the established range
✅ Visual Clarity - Clean boxes, lines, and labels for easy interpretation
How It Works
The indicator analyses recent price action using three core metrics:
Touch Quality (40%) - How many times price has respected support/resistance levels
Containment Quality (40%) - What percentage of recent bars stayed within the range
Recent Respect (20%) - Whether the latest price action confirms the range
These combine into a Range Score (0-1) that determines range strength and reliability.
Settings & Parameters
Range Lookback Period (Default: 15)
Number of bars to analyse for range detection
Shorter periods = more responsive to recent ranges
Longer periods = more stable, fewer false signals
Range Tolerance (Default: 2.0%)
Tolerance for price touches around exact highs/lows
Lower values = stricter range requirements
Higher values = more flexible range detection
Minimum Touches (Default: 3)
Required number of support/resistance touches for valid range
Higher values = more confirmed ranges, fewer signals
Lower values = more sensitive, earlier detection
Visual Options
Show Range Box: Displays the range boundaries
Show Support/Resistance Lines: Extends levels into the future
Understanding the Output
Range Score (0.000 - 1.000)
0.7+ = Strong Range (Green) - High confidence range trading setup
0.5-0.7 = Moderate Range (Yellow) - Decent range with some caution
0.3-0.5 = Weak Range (Orange) - Low confidence, be careful
<0.3 = Not Ranging - Avoid range trading strategies
Range Status Classifications
Strong Range - Perfect for range trading strategies
Moderate Range - Good range with normal risk
Weak Range - Marginal range, use smaller positions
Not Ranging - Price is trending or too choppy for range trading
Key Metrics in Info Table
Range Size (%) - Size of the range relative to price level
5-15% = Ideal range size for most strategies
<5% = Tight range, lower profit potential
>15% = Wide range, higher profit potential but more risk
Support/Resistance Levels - Exact price levels for entries/exits
Use these as your key trading levels
Support = potential buy zone
Resistance = potential sell zone
Total Touches - Number of times price respected the levels
3-5 touches = Newly formed range
6-10 touches = Well-established range
10+ touches = Very strong, reliable range
Price Position (%) - Current location within the range
0-20% = Near support (potential long opportunity)
80-100% = Near resistance (potential short opportunity)
40-60% = Middle of range (wait for better entry)
Visual Elements
Range Box
Green Box = Strong Range (Score ≥ 0.7)
Yellow Box = Moderate Range (Score 0.5-0.7)
Orange Box = Weak Range (Score 0.3-0.5)
Support/Resistance Lines
- Horizontal lines showing exact trading levels
- Extend into the future for forward guidance
- Colour matches the range strength
Background Colouring
- Subtle background tint during range periods
- Helps quickly identify ranging vs trending markets
Breakout Signals
- 📈 RANGE BREAK UP - Price breaks above resistance
- 📉 RANGE BREAK DOWN - Price breaks below support
- Only appears for confirmed ranges (Score ≥ 0.5)
Trading Applications
Range Trading Strategy
1. Look for Range Score ≥ 0.5
2. Buy near support (Price Position 0-20%)
3. Sell near resistance (Price Position 80-100%)
4. Set stops just outside the range
5. Exit on breakout signals
Breakout Strategy
1. Identify strong ranges (Score ≥ 0.7)
2. Wait for volume-confirmed breakout
3. Enter in breakout direction
4. Use previous resistance as support (or vice versa)
Market Context
- Strong ranges often occur after trending moves
- Use higher timeframes to confirm overall market structure
- Combine with volume analysis for better entries/exits
Best Practices
What to Look For
✅ Range Score ≥ 0.5 for trading consideration
✅ Multiple touches (5+) for confirmation
✅ Clear price rejection at levels
✅ Reasonable range size (5-15% for most assets)
✅ Recent price respect of boundaries
What to Avoid
❌ Trading ranges with Score < 0.3
❌ Very tight ranges (<3% size) - low profit potential
❌ Ranges with only 1-2 touches - not confirmed
❌ Ignoring breakout signals
❌ Trading against the higher timeframe trend
Alerts Available
- Range Detected - New range formation
- Range Break Up - Upward breakout
- Range Break Down - Downward breakout
- Range Ended - Range condition ended
Timeframe Recommendations
- Daily Charts - Best for swing trading ranges
- 4H Charts - Good for intermediate-term ranges
- 1H Charts - Suitable for day trading ranges
- Lower Timeframes - May produce more noise
Conclusion
The Recent Range Detector eliminates guesswork in range identification by providing objective, quantified range analysis. It's particularly valuable for traders who prefer range-bound strategies or need to identify when trending strategies should be avoided.
Remember: No indicator is perfect. Always combine with proper risk management, volume analysis, and broader market context for best results.
Disclaimer
This indicator is for educational purposes only and should not be considered as financial advice. Trading involves risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making any trading decisions.
CP Strat ORBnew york opening range breakout and retest allows you to enter a trade with a better clarity if the price comes back and retest the range
Combined Predictive Indicator### Combined Predictive Zones & Levels
This indicator is a powerful hybrid tool designed to provide a comprehensive map of potential future price action. It merges two distinct predictive models into a single, cohesive view, helping traders identify key levels of support, resistance, and areas of high confluence.
#### How It Works: Two Models in One
This script is built on two core components that you can use together or analyze separately:
**Part 1: Classic Range & Fibonacci Prediction**
This model uses classic technical analysis principles to project a potential range for the upcoming price action.
* **Highest High / Lowest Low:** It identifies the significant trading range over a user-defined lookback period.
* **Fibonacci Levels:** It automatically plots key Fibonacci retracement levels (e.g., 38.2% and 61.8%) within this range, which often act as critical support or resistance.
* **ATR & Average Range:** It calculates a "predicted" upper and lower boundary based on the average historical range and current volatility (ATR).
**Part 2: Advanced Predictive Ranges (Self-Adjusting Channels)**
This is a dynamic model that creates adaptive support and resistance zones based on a smoothed average price and volatility.
* **Dynamic Average:** It uses a unique moving average that only adjusts when the price moves significantly, creating a stable baseline.
* **ATR-Based Zones:** It projects multiple levels of support (S1, S2) and resistance (R1, R2) around this average, which widen and narrow based on market volatility. These zones often signal areas where price might stall or reverse.
#### Key Features:
* **Hybrid Model for Confluence:** The true power of this indicator lies in finding where the levels from both models overlap. A Fibonacci level aligning with a Predictive Range support zone is a much stronger signal.
* **Comprehensive Data Table:** A clean, on-chart table displays the precise values of all key predictive levels, allowing for quick reference and precise trade planning.
* **Multi-Timeframe (MTF) Capability:** The Advanced Predictive Ranges can be calculated on a higher timeframe, giving you a broader market context.
* **Fully Customizable:** All lengths, multipliers, and levels for both models are fully adjustable in the settings to fit any asset or trading style.
* **Clear Visuals:** All zones and levels are color-coded for intuitive and easy-to-read analysis.
#### How to Use:
1. Look for areas of **confluence** where multiple levels from both models cluster together. These are high-probability zones for price reactions.
2. Use the Predictive Range zones (S1/S2 and R1/R2) as potential targets for trades or as areas to watch for entries and exits.
3. Pay attention to the on-chart table for exact price levels to set limit orders or stop-losses.
**Disclaimer:** This script is an analytical tool for educational purposes and should not be considered financial advice. All trading involves risk. Past performance is not indicative of future results. Always use this indicator as part of a comprehensive trading strategy with proper risk management.
Feedback is welcome! If you find this tool useful, please leave a like.
Multi Ranges Volume Distribution [LuxAlgo]The Multi Ranges Volume Distribution tool allows traders to see the volume distribution by price for three different timeframes simultaneously. Each distribution can report the total amount of accumulated volume or the accumulated buy/sell volume separately.
Levels are displayed at the top and bottom of each timeframe's range, as well as the POC or level with the most volume.
🔶 USAGE
By default, the tool displays daily, weekly, and monthly volume distributions, highlighting the accumulated volume within each row.
Each distribution shows the volume at each price, as well as three lines: the top and bottom prices, and the price at which the most volume was traded.
The reported accumulated volume can be useful for highlighting which price areas are of the most interest to traders, with the specific timeframe specifying whether this interest is long-term or short-term.
🔹 Timeframes & Rows
Traders can adjust the timeframe and the number of rows for each volume distribution.
This is useful for multi-timeframe analysis of volume at the same price levels, or for obtaining detailed data within the same timeframe.
The chart above shows three volume distributions with the same monthly timeframe but a different number of rows; each is more detailed than the previous one.
🔹 Total vs Buy & Sell Volume
Traders can choose to display either the total volume or the buy and sell volumes.
As we can see on the above chart, the background of each row uses a gradient that is a function of the delta between the buy and sell volumes.
This is useful to determine which areas attract buyers and sellers.
🔶 SETTINGS
Volume Display: Select between total volume and buy and sell volume.
Distance between each box: Adjust the spacing of the volume distributions.
Period A: Select a timeframe and the number of rows.
Period B: Select a timeframe and the number of rows.
Period C: Select a timeframe and the number of rows.
Essa's Sessions IndicatorOverview
This powerful tool is designed to visually map out the key trading sessions: Asia, London, and New York directly on your chart. By highlighting these periods and plotting their respective highs and lows, it helps you identify critical price levels, gauge market sentiment, and pinpoint potential breakout opportunities with ease.
What It Does
Visualizes Key Trading Sessions: Automatically draws colored backgrounds for the Asia, London, and New York sessions to show you exactly when the most important market activity is happening.
Plots Session Highs & Lows: Displays precise horizontal lines for the highest and lowest prices reached during each session, acting as key support and resistance levels.
Dual Timezone Mode: Easily switch between London (GMT/BST) and New York (EST/EDT) timezones with a single click. The indicator automatically adjusts all session times for you, ensuring accuracy no matter where you are.
Interactive & Informative Labels: Hover over any session high or low label to see a detailed tooltip containing:
The exact price level.
The session's price range (calculated in pips or points).
The total daily price range for broader context.
A simple volatility gauge (from "Low Vol 😴" to "High Vol 🔥").
Customizable Alerts: Enable breakout alerts to receive instant notifications the moment the price closes above a session high or below a session low.
Simple, powerful, and highly informative, this indicator is an essential tool for traders looking to build strategies around session-based price action.
CRT + PO3 Range Theory Hey everyone, I’ve put together a little script for TradingView that tries to show the classic CRT + PO3 (Power of Three) pattern. It’s still a work in progress, so please use it on a demo account and let me know what you think!
What It Does
Accumulation Phase: On each higher‐timeframe bar (e.g. 2-hour), it draws a shaded zone where price is hanging out. That’s when we assume “big players” are quietly building positions.
Manipulation Phase: If price briefly pokes above or below that zone but then slips back inside, it marks that wick as a shake-out.
Distribution Phase: When price finally closes cleanly outside the zone, it draws another shaded area and drops a “Distribution” label plus a big LONG or SHORT arrow on that bar.
You can tweak it so it only shows signals when a bar closes (no more weird flashing mid-bar), or even allow “direct” Distribution on a clean breakout without waiting for a fake wick first.
How to Set It Up
Add the script from your Indicators list.
Pick your HTF (I like 2-hour or 4-hour).
Turn “Show Zone Labels” on or off—these are the little “Accumulation/Manipulation/Distribution” tags.
Turn “Show Entry Signals” on to get the big LONG/SHORT arrows.
If you hate flicker, check “Show signals only at bar close.”
If you want to catch a swift breakout (no fake-out needed), check “Allow direct Distribution on clean breakout.”
There are also sliders for zone colors, transparency, label size, and how far above/below the bars the labels sit.
Why It’s Still a Beta
I’m not a CRT/PO3 guru—this is more of a hobby project and a little facination for this strategy.
There might be edge cases where it misses a shake-out or flags a Distribution too early.
I take no responsibility for your trades—please only run it on a demo account until we’ve worked out the quirks.
Feedback Wanted!
If you try it out, I’d love to hear:
Did the Manipulation wicks line up where you expected?
Were the Distribution arrows on the right bars?
Any ideas for easier settings or extra alerts?
Thanks for testing and helping me turn this into something solid!
Range Breakout [sgbpulse]Range Breakout
1. Overview
The "Range Breakout " indicator is a powerful tool designed to identify and visually display price ranges on your chart using pivot points. It dynamically draws two distinct boxes – an External Range and an Internal Range – helping traders pinpoint potential support and resistance zones. Beyond its visual representation, the indicator offers a comprehensive set of 12 unique breakout alerts, providing real-time notifications for significant price movements outside these defined ranges. Additionally, it integrates RSI and MFI metrics for momentum confirmation.
2. How It Works
The indicator operates by identifying pivot points based on user-defined "left" and "right" bar lengths. A high pivot is a bar with a specified number of lower highs both to its left and right, and similarly for a low pivot.
External Range: Calculated using longer pivot lengths (default: 15 bars left, 6 bars right). This range represents broader, more significant price consolidation areas.
Internal Range: Calculated using shorter pivot lengths (default: 4 bars left, 3 bars right). This range captures tighter, more immediate price consolidations within the broader trend.
The External Range will always be greater than or equal to the Internal Range, as it's based on a wider historical context. Both ranges are displayed as transparent boxes on your chart, dynamically adjusting as new pivots are formed.
3. Key Features and Settings
Customizable Pivot Lengths:
External Range (Left/Right Bars): Adjust sensitivity for identifying the broader price range. Longer lengths lead to more stable, but less frequent, range updates.
Internal Range (Left/Right Bars): Adjust sensitivity for the tighter, more immediate price range.
Tool Tips: Minimum 6 bars for the External Range, and minimum 2 bars for the Internal Range.
Customizable Range Colors: Easily change the background colors of the External and Internal Range boxes to match your chart's aesthetic.
Dynamic Range Display: The indicator automatically updates the range boxes as new pivot highs and lows are formed, always presenting the most current valid ranges.
RSI / MFI Settings:
Timeframe Source: Select the timeframe for RSI and MFI calculation.
- Chart: Calculation based on the current chart timeframe.
- Daily: Always calculated based on the daily ("D") timeframe, even if the chart is on a lower timeframe.
RSI Length: Period length for RSI calculation (default: 14).
RSI Overbought Level: Overbought level for RSI (default: 70.0).
RSI Oversold Level: Oversold level for RSI (default: 30.0).
MFI Length: Period length for MFI calculation (default: 14).
MFI Overbought Level: Overbought level for MFI (default: 80.0).
MFI Oversold Level: Oversold level for MFI (default: 20.0).
4. Synergy of Ranges & Breakout Strength
The interaction between the External and Internal Ranges provides deep insights into price movement and breakout strength:
Immediate Direction: The movement of the Internal Range (up or down) indicates the short-term directional bias within the broader framework of the External Range.
Strength Confirmation: A breakout of the External Range, followed by a breakout of the Internal Range, confirms the strength of the move and increases confidence in the breakout.
Strong Momentum ("Leaving" Ranges Behind): When price breaks out with exceptionally strong momentum, it continues to move aggressively and does not immediately form new pivots. In such situations, the existing ranges (External and Internal) remain in place while the candles "leave them behind." A "Full Candle" breakout, where the entire candle moves past both ranges, indicates a particularly powerful and decisive move.
Momentum (RSI / MFI) as Confirmation:
- RSI (Relative Strength Index): Measures the speed and change of price movements. Extreme values (above 70 or below 30) indicate overbought/oversold conditions respectively, confirming strong momentum in a breakout.
- MFI (Money Flow Index): Similar to RSI but incorporates volume. Extreme values (above 80 or below 20) indicate strong money flow in/out, reinforcing breakout confirmation.
- Importance of Confirmation: If a breakout occurs but momentum indicators do not confirm it (for example, an upside breakout while RSI is declining), this could signal weakness in the move and the risk of a false breakout (Fakeout).
5. Visuals
The indicator provides clear visual representations on the chart:
Range Boxes:
Two dynamic boxes are drawn on the chart: one for the External Range and one for the Internal Range.
These boxes update continuously, displaying the current range boundaries based on the latest pivots. They provide an immediate visual indication of support and resistance levels.
RSI/MFI Status Labels:
Small text labels appear to the right of the current bar, vertically centered.
They display the status of RSI and MFI: RSI OB (Overbought), RSI OS (Oversold), MFI OB, MFI OS, along with the exact value.
Important: The labels remain on the chart as long as the condition holds (indicator is above/below the level), unlike alerts which mark a singular crossover event.
Plotting of Key Values:
The indicator plots six invisible series on the chart, primarily to allow the user to view the exact numerical values of:
- The upper and lower bounds of the External Range (External High, External Low).
- The upper and lower bounds of the Internal Range (Internal High, Internal Low).
- The calculated RSI and MFI values (RSI, MFI).
These values are accessible for viewing through TradingView's Data Window and also via the Status Line when hovering over the relevant candle. This enables more precise quantitative analysis of range levels and momentum.
6. Comprehensive Breakout Alerts
The "Range Breakout " indicator provides 12 distinct alert conditions for breakouts, allowing you to select the required level of confirmation for each alert. All alerts are triggered only upon a fully confirmed bar close (barstate.isconfirmed) to minimize false signals and ensure reliability.
All breakout alerts are configured to detect a Crossover/Crossunder of the levels, meaning a specific event where the price moves from one side of the range to the other.
External Range Breakout UP
- Close: Price closes above the External Range.
- Real Body: The entire "real body" of the candle (min of open/close prices) closes above the External Range.
- Full Candle: The entire candle (the lowest point of the candle) closes above the External Range.
External Range Breakout DOWN
- Close: Price closes below the External Range.
- Real Body: The entire "real body" of the candle (max of open/close prices) closes below the External Range.
- Full Candle: The entire candle (the highest point of the candle) closes below the External Range.
Internal Range Breakout UP
- Close: Price closes above the Internal Range.
- Real Body: The "real body" of the candle closes above the Internal Range.
- Full Candle: The entire candle closes above the Internal Range.
Internal Range Breakout DOWN
- Close: Price closes below the Internal Range.
- Real Body: The "real body" of the candle closes below the Internal Range.
- Full Candle: The entire candle closes below the Internal Range.
7. Ideal Use Cases
This indicator is ideal for traders who:
Want to clearly identify and monitor price consolidation zones.
Seek confirmation for breakout strategies across various timeframes.
Require reliable and automated alerts for potential entry or exit points based on range expansion.
8. Complementary Indicator
For even more comprehensive market analysis, we highly recommend using this indicator in conjunction with Market Structure Support & Resistance External/Internal & BoS .
This powerful complementary indicator automatically and accurately identifies significant support and resistance levels by locating high and low pivot points, as well as key Pre-Market High/Low levels. Its strength lies in its dynamic adaptability to any timeframe and asset, providing precise and relevant real-time levels while maintaining a clean chart. It also identifies Break of Structure (BoS) to signal potential trend changes or continuations.
Using both indicators together provides a robust framework for identifying defined ranges and potential trend shifts, enabling more informed trading decisions.
View Market Structure Support & Resistance External/Internal & BoS Indicator
9. Important Note: Trading Risk
This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever.
Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
[ BETA ][ IND ][ LIB ] Dynamic LookBack RSI RangeGet visual confirmation with this indicator if the current range selected had been oversold or overbough in the latest n bars
Simple Sessions & LevelsWhat this indicator does:
This script marks out two essential types of price levels for intraday and swing traders:
The high and low of a customizable 15-minute opening range after the market/session open.
The previous day’s high, midpoint (“halfback”), and low.
How it works:
The script lets you set the session start time (hour and minute) to match your market.
It then calculates the high and low of the first 15 minutes after the session opens and plots those as solid lines.
It also plots the prior day’s high, halfback (midpoint), and low on your chart for easy reference.
Each line and each label can be toggled on or off independently in the settings for maximum customization.
Colors for each level are also fully customizable.
How to use it:
Add the script to your chart.
Set the session start hour and minute to match the open of the market or instrument you trade.
Choose which levels and labels you want displayed by using the toggles in the settings.
The indicator will automatically draw the session range and prior day levels for you.
Use these lines as reference for key support, resistance, and potential trade entry/exit points.
What makes it unique and useful:
This tool combines a flexible session opening range with classic daily reference levels in one package. You have complete control over which levels and labels are shown, making it adaptable for any trading style. It’s especially useful for day traders who want to quickly identify volatility windows and the most important price levels from the previous session.
