Volatility High/Low Projection (PHOD / PLOD)

AP Capital – Volatility + High/Low Projection

This indicator is designed to identify high-probability intraday turning points by combining daily range statistics, session behaviour, and volatility context into a single clean framework.

It is built for index, forex, and metals traders who want structure, not noise.

🔹 Core Features

1️⃣ Potential High of Day (PHOD) & Potential Low of Day (PLOD)
The indicator highlights likely intraday extremes based on:

Session timing (Asia, London, New York)

Current day volatility vs historical averages

Prior day expansion or compression behaviour

Each level is displayed with:

A clear label (PHOD / PLOD)

A forward-extending box acting as a live Point of Interest (POI)

Automatic invalidation when price breaks the zone

2️⃣ Volatility & Range Context (Info Panel)
A compact information panel in the top-right corner provides real-time context without cluttering the chart:

20-Day Average Range

% of the average range already used today

Range status (NORMAL / EXHAUSTED)

Average session ranges for:

Asia

London

New York

This allows traders to immediately assess whether price is:

Early in the day with room to trend

Statistically stretched and prone to reversal

Over-extended where breakout chasing is risky

3️⃣ Session-Aware Logic
The model respects how markets behave across the trading day:

Asia favours accumulation and potential lows

London provides expansion

New York often delivers distribution or exhaustion

This prevents random high/low marking and focuses only on structurally meaningful levels.

🧠 How to Use

Use PHOD / PLOD boxes as reaction zones, not blind entries

Combine with your own confirmation (structure break, momentum, volume, EMA reclaim, etc.)

Avoid chasing trades when the Range Status = EXHAUSTED

Particularly effective on 15m – 1h timeframes

⚠️ Important Notes

This indicator does not repaint

It is contextual, not a buy/sell signal generator

Best used as part of a complete trading plan

📈 Suitable Markets

XAUUSD (Gold)

Indices (NASDAQ, S&P 500, DAX)

Major FX pairs

📌 Disclaimer

This indicator is for educational and analytical purposes only.
It does not constitute financial advice. Trading involves risk.