Average Price Range Screener [KFB Quant]Average Price Range Screener
Overview:
The Average Price Range Screener is a technical analysis tool designed to provide insights into the average price volatility across multiple symbols over user-defined time periods. The indicator compares price ranges from different assets and displays them in a visual table and chart for easy reference. This can be especially helpful for traders looking to identify symbols with high or low volatility across various time frames.
Key Features:
Multiple Symbols Supported:
The script allows for analysis of up to 10 symbols, such as major cryptocurrencies and market indices. Symbols can be selected by the user and configured for tracking price volatility.
Dynamic Range Calculation:
The script calculates the average price range of each symbol over three distinct time periods (default are 30, 60, and 90 bars). The price range for each symbol is calculated as a percentage of the bar's high-to-low difference relative to its low value.
Range Visualization:
The results are visually represented using:
- A color-coded table showing the calculated average ranges of each symbol and the current chart symbol.
- A line plot that visually tracks the volatility for each symbol on the chart, with color gradients representing the range intensity from low (red/orange) to high (blue/green).
Customizable Inputs:
- Length Inputs: Users can define the time lengths (default are 30, 60, and 90 bars) for calculating average price ranges for each symbol.
- Symbol Inputs: 10 symbols can be tracked at once, with default values set to popular crypto pairs and indices.
- Color Inputs: Users can customize the color scheme for the range values displayed in the table and chart.
Real-Time Ranking:
The indicator ranks symbols by their average price range, providing a clear view of which assets are exhibiting higher volatility at any given time.
Each symbol's range value is color-coded based on its relative volatility within the selected symbols (using a gradient from low to high range).
Data Table:
The table shows the average range values for each symbol in real-time, allowing users to compare volatility across multiple assets at a glance. The table is dynamically updated as new data comes in.
Interactive Labels:
The indicator adds labels to the chart, showing the average range for each symbol. These labels adjust in real-time as the price range values change, giving users an immediate view of volatility rankings.
How to Use:
Set Time Periods: Adjust the time periods (lengths) to match your trading strategy's timeframe and volatility preference.
Symbol Selection: Add and track the price range for your preferred symbols (cryptocurrencies, stocks, indices).
Monitor Volatility: Use the visual table and plot to identify symbols with higher or lower volatility, and adjust your trading strategy accordingly.
Interpret the Table and Chart: Ranges that are color-coded from red/orange (lower volatility) to blue/green (higher volatility) allow you to quickly gauge which symbols are most volatile.
Disclaimer: This tool is provided for informational and educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Tìm kiếm tập lệnh với "range"
Consolidation Score ScreenerIn trading, a consolidation range is like a timeout after a big move in the price of a stock or symbol.
It's when the market takes a breather, neither pushing the price up nor down too hard.
Visually, it looks like the price moving sideways on a chart , with highs and lows staying within a certain range.
so this indicator is created to help myself and you decide if its a ranging market and what's the score of that consolidation range
The score ranges between 0 and 10 , where 10 is the max consolidation score , meaning this stock or the symbol is at its highest peak of consolidation .
What would you see using this indicator ?
Symbols circles , inside these circles it will print the consolidation score ..
in the middle of the indicator it will show the range of all the 20 symbols scores .
so it will give you like overall ranging value for your 20 symbols
Settings :
TimeFrame : TimeFrame input to select which time frame you want your indicator to analysis
Range length : The Range that you would want your indicator to take into consideration when doing its analysis .
Features :
20 symbols analysis
Multi timeframe capability
Enjoy .
Mxwll Liquidation Ranges - Mxwll CapitalIntroducing: Mxwll Liquidation Ranges
Mxwll Liquidation Ranges gathers data outside of TradingView to provide the highest quality, highest accuracy liquidation levels and ranges for popular crypto currencies.
Features
Real liquidation ranges and levels calculated outside of TradingView.
Real net position delta
Average leverage for long positions
Average leverage for short positions
Real number of bids for the cryptocurrency by the day
Real number of asks for the cryptocurrency by the day
Real Bid/Ask Ratio
Real Bid/Ask Delta
Real number of long market orders
Real number of short market orders
Real number of long limit orders
Real number of short limit orders
How do we obtain this data?
Using a now deprecated feature called "TradingView Pine Seeds", we are able to calculate the metrics listed above outside of TradingView and, consequently, import the data to TradingView for public use.
This means no indicators on TradingView that attempt to show liquidation levels, limit orders, net position delta, etc. can be as accurate as ours.
Why aren't other liquidation ranges indicators on TradingView as accurate as ours?
Simple: the data required to calculate liquidation levels and ranges isn't available on TradingView. No level 2 data, bids, asks, leverage information, pending limit orders, etc. This means any custom-coded indicator on TradingView attempting to use or show this information is just a guess, and is naturally inaccurate.
Mxwll Liquidation Ranges has access to all of the required data outside of TradingView, to which liquidation levels/ranges and other pertinent metrics are calculated and uploaded directly to TradingView using the Pine Seeds feature. This means that all information displayed by our indicator uses legitimate level 2 data outside of TradingView. Which means no "estimates" are required to produce this information. Consequently, unless a custom-coded indicator has access to the Pine Seeds feature and calculates liquidation levels and other level 2 data metrics outside of TradingView, then that indicator is inaccurate.
Liquidation Heatmap
The above image shows our liquidation heatmaps, which are calculated using level 2 data, in action.
Liquidation ranges are color coded. Purple/blue colored ranges indicate a lower number of net liquidations should the range be violated.
Green/yellow ranges indicate a liquidation range where the net number of liquidated positions, should the price range be violated, is substantial. Expect volatile price action around these areas and plan accordingly.
Yellow labels indicate the four highest liquidation ranges for the asset over the period.
Liquidation Levels
In addition to calculating a liquidation heatmap, Mxwll Liquidation Ranges also calculates liquidation levels by leverage. Level 2 data outside of TradingView is used.
Levels are colored coded by leverage used.
Green levels are 25x leverage liquidation areas.
Purple levels are 50x leverage liquidation areas.
Orange levels are 100x leverage liquidation areas.
Use this information to improve your trading plan and better pinpoint entries, exits, and key levels of expected volatility.
Other Metrics
Mxwll Liquidation Ranges uses level 2 data and the orderbook to calculate various metrics.
Average leverage for long positions
Average leverage for short positions
Real number of bids for the cryptocurrency by the day
Real number of asks for the cryptocurrency by the day
Real Bid/Ask Ratio
Real Bid/Ask Delta
Real number of long market orders
Real number of short market orders
Real number of long limit orders
Real number of short limit orders
How To Use
Understanding and interpreting heatmaps for predicting liquidation levels in trading can provide a significant edge. Here’s a basic guide on how to interpret these charts:
Understanding Liquidation Levels: Liquidation levels indicate where traders who are using leverage might be forced to exit their positions due to insufficient margin to cover their trades. These levels are crucial because they can trigger sudden price movements if many positions are liquidated at once.
Clusters on the Heatmap: On the heatmap, clusters of liquidation levels are represented by color-coded areas. These clusters show where significant numbers of leveraged positions are concentrated. The color intensity often indicates the density of liquidation points – darker or brighter colors suggest higher concentrations of liquidation risks.
Price Movements: By knowing where these clusters are, traders can anticipate potential price movements. For example, if a significant price drop moves the market closer to a cluster of liquidation levels, there’s an increased risk of those levels being triggered, potentially causing a sharp further drop due to cascading liquidations.
Strategic Trading: With this information, traders can strategically place their own stop losses or prepare to enter trades. Knowing where others might be forced to close their positions can help in predicting bullish or bearish movements.
Risk Management: Understanding liquidation levels helps in managing your own risk. Setting stop losses away from common liquidation points can avoid being caught in volatile price swings caused by mass liquidations.
- Mxwll Capital
Daily Range AnalysisThis indicator helps quickly identify if a stock is making a "price expansion" or a "price contraction". If today's range is larger than yesterday, then the stock is having a price expansion. This will be represented with a positive number. If today's range is smaller, the stock is making a contraction, and the indicator will display a negative number.
Indicator Features:
1. **Dark and Light Themes**: Users can choose between dark and light themes based on their preference. Dark themes are easier on the eyes in low-light conditions, reducing eye strain, while light themes are more suitable for well-lit environments.
2. **Customizable Text Colors**: Users can customize the text color for each data element displayed in the table. Customization allows users to tailor the appearance of the indicator to their liking and enhance readability.
3. **Show/Hide Data Options**: Users have the flexibility to show or hide each data element in the table individually. This feature enables users to focus on specific information they find most relevant, decluttering the chart and improving readability.
4. **Daily Range Analysis**: The script calculates and displays important metrics related to the daily price range of a financial instrument. These metrics include:
- Closing Range: Percentage indicating how close the closing price is to the daily low relative to the daily range. Helps traders assess where the closing price lies within the day's price action.
- Range Expansion: Percentage indicating the change in the daily price range compared to the previous day. Useful for identifying potential volatility shifts and trend continuation or reversal.
- StopH: Price level representing the midpoint between the day's open and close, commonly used as a reference for setting stop-loss orders.
- StopL: The low of the day, providing information about the lowest price reached during the trading session. Some traders like to use the Low of Day as a Stop Loss.
Overall, this script provides traders with essential insights into daily price movements, enabling them to make more informed trading decisions based on key price action metrics. The customization options enhance user experience and adaptability, catering to individual preferences and trading styles
NAS100 - 5 Minute Opening Range with EMAsThis indicator is designed for traders who focus on the opening range breakout strategy and use EMAs as part of their trading decisions. The script markes the first 5 min opening candle and generates Buy and Sell signals calculating EMA.
Basic features are :
User Inputs: Allows users to enable/disable alerts and choose to display Exponential Moving Averages (EMAs) for 5, 20, and 50 periods.
Opening Range Calculation: It calculates the first five minutes of the trading day, adjusting for different chart timeframes.
New Day Detection: Determines if the current bar is the first bar of a new day.
Data Storage: Utilizes arrays to store opening range highs, lows, start bars, and last bars for the last five days.
Daily Updates: Updates the stored data at the start of each new day, maintaining data for only the last five days.
Opening Range Plotting: Plots the opening ranges (high and low) for the past five days, with special plotting and filling for the current day.
EMA Calculation and Plotting: Calculates and plots EMAs (5, 20, and 50 periods) if enabled.
Alert Conditions: Sets up conditions for alerts when the price crosses above or below the current day's opening range.
Signal Generation: Generates buy and sell signals based on the relationship of the closing price to the opening range and the position of EMA5 relative to EMA50.
Signal Plotting: Plots buy and sell signals as triangles on the chart.
Opening Range Gap + Std Dev [starclique]The ICT Opening Range Gap is a concept taught by Inner Circle Trader and is discussed in the videos: 'One Trading Setup For Life' and 2023 ICT Mentorship - Opening Range Gap Repricing Macro
ORGs, or Opening Range Gaps, are gaps that form only on the Regular Trading Hours chart.
The Regular Trading Hours gap occurs between 16:15 PM - 9:29 AM EST (UTC-4)
These times are considered overnight trading, so it is useful to filter the PA (price action) formed there.
The RTH option is only available for futures contracts and continuous futures from CME Group.
To change your chart to RTH, first things first, make sure you’re looking at a futures contract for an asset class, then on the bottom right of your chart, you’ll see ETH (by default) - Click on that, and change it to RTH.
Now your charts are filtering the price action that happened overnight.
To draw out your gap, use the Close of the 4:14 PM candle and the open of the 9:30 AM candle.
How is this concept useful?
Well, It can be used in many ways.
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How To Use The ORG
One of the ways you can use the opening range gap is simply as support and resistance
If we extend out the ORG from the example above, we can see that there is a clean retest of the opening range gap high after breaking structure to the upside and showing acceptance outside of the gap after consolidating within it.
The ORG High (4:14 Candle Close in this case) was used as support.
We then see an expansion to the upside.
Another way to implement the ORG is by using it as a draw on liquidity (magnet for price)
In this example, if we looked to the left, there was a huge ORG to the downside, leaving a massive gap.
The market will want to rebalance that gap during the regular trading hours.
The market rallies higher, rejects, comes down to clear the current days ORG low, then closes.
That is one example of how you can combine liquidity & ICT market structure concepts with Opening Range Gaps to create a story in the charts.
Now let’s discuss standard deviations.
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Standard Deviations
Standard Deviations are essentially projection levels for ranges / POIs (Point of Interests)
By this I mean, if you have a range, and you would like to see where it could potentially expand to, you’d place your fibonacci retracement tool on and high and low of the range, then use extension levels to find specific price points where price might reject from.
Since 0 and 1 are your Range High and Low respectively, your projection levels would be something like 1.5, 2, 2.5, and 3, for the extension from your 1 Fib Level, and -0.5, -1, -1.5, and -2 for your 0 Fib level.
The -1 and 2 level produce a 1:1 projection of your range low and high, meaning, if you expect price to expand as much as it did from the range low to range high, then you can project a -1 and 2 on your Fib, and it would show you what ICT calls “symmetrical price”
Now, how are standard deviations relevant here?
Well, if you’ve been paying attention to ICT’s recent videos, you would’ve caught that he’s recently started using Standard Deviation levels on breakers.
So my brain got going while watching his video on ORGs, and I decided to place the fib on the ORG high and low and see what it’d produce.
The results were very interesting.
Using this same example, if we place our fib on the ORG High and Low, and add some projection levels, we can see that we rejected right at the -2 Standard Deviation Level.
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You can see that I also marked out the EQ (Equilibrium, 50%, 0.5 of Fib) of the ORG. This is because we can use this level as a take profit level if we’re using an old ORG as our draw.
In days like these, where the gap formed was within a consolidation, and it continued to consolidate within the ORG zone that we extended, we can use the EQ in the same way we’d use an EQ for a range.
If it’s showing acceptance above the EQ, we are bullish, and expect the high of the ORG to be tapped, and vice versa.
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Using The Indicator
Here’s where our indicator comes in play.
To avoid having to do all this work of zooming in and marking out the close and open of the respective ORG candles, we created the Opening Range Gap + Standard Deviations Indicator, with the help of our dedicated Star Clique coder, a1tmaniac.
With the ORG + STD DEV indicator, you will be able to view ORG’s and their projections on the ETH (Electronic Trading Hours) chart.
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Features
Range Box
- Change the color of your Opening Range Gap to your liking
- Enable or disable the box from appearing using the checkbox
Range Midline
- Change the color of your Opening Range Gap Equilibrium
- Enable or disable the midline from appearing using the checkbox
Std. Dev
- Add whichever standard deviation levels you’d like.
- By default, the indicator comes with 0.5, 1, 1.5, and 2 standard deviation levels.
- Ensure that you add a comma ( , ) in between each standard deviation level
- Enable or disable the standard deviations from appearing using the opacity of the color (change to 0%)
Labels / Offset
- Adjust the offset of the label for the Standard Deviations
- Enable or disable the Labels from appearing using the checkbox
Time
- Adjust the time used for the indicators range
- If you’d like to use this for a Session or ICT Killzone instead, adjust the time
- Adjust the timezone used for the time referenced
- Options are UTC, US (UTC-4, New York Local Time) or UK (UTC+1, London Time)
- By default, the indicator is set to US
True Range OscHey fellow traders! I've just published a new indicator called the True Range Oscillator. It's designed to help you better understand price movements and volatility. The indicator calculates the average true range of the price data and uses a modified z-score-like approach to normalize it. The main difference is that it uses true range instead of standard deviation for normalization.
This oscillator identifies the highest and lowest values within a specified range, excluding any outliers based on standard deviations. It then scales the output between 0 and 100, so you can easily see how the current price action compares to its historical range. You can use the True Range Oscillator to spot potential trend reversals and overbought/oversold conditions.
Here are some features to explore:
Customize your price data source (open, high, low, or close).
Adjust the length and smoothing settings for the average true range calculation.
Find outliers with standard deviations, and tweak the outlier_level and dev_lookback options.
Visualize price action with plotted lines for the upper range (70), lower range (30), and center line (50), along with a shaded area between the upper and lower ranges for added clarity.
I hope you find this indicator useful in your trading journey!
Higher Time Frame Average True RangesPurpose: This script will help an options trader asses risk and determine good entry and exit strategies
Background Information: The true range is the greatest of: current high minus the current low; the absolute value of the current high minus the previous close; and the absolute value of the current low minus the previous close. The Average True Range (ATR) is a 14-day moving average of the true range. Traders use the ATR indicator to assess volatility in stocks and decide when to enter and exit trades. It is important to note the limitations of using True Range and ATR: These indications cannot tell you the direction of your options trade (call vs. put) and they cannot tell you whether a particular trend is about to reverse. However, it can be used to assess if volatility has peaked for a particular direction and time period.
How this script works: This indicator calculates true range for the daily (DTR), weekly (WTR), and monthly (MTR) time frames and compares it to the Average True Range (ATR) for each of those time frames (DATR, WATR, and MATR). The comparison is displayed into a colored table in the upper right-hand corner of the screen. When a daily, weekly, or monthly true range reaches 80% of its respective ATR, the row for that time frame will turn Orange indicating medium risk for staying in the trade. If the true range goes above 100% of the respective ATR, then the row will turn Red indicating high risk for staying in the trade. When the row for a time period turns red, volatility for the time period has likely peaked and traders should heavily consider taking profits. It is important to note these calculations start at different times for each time frame: Daily (Today’s Open), Weekly (Monday’s Open), Monthly (First of the Month’s Open). This means if it’s the 15th of the month then the Monthly True Range is being calculated for the trading days in the first half of the month (approximately 10 trade days).
The script also plots three sets of horizontal dotted lines to visually represent the ATR for each time period. Each set is generated by adding and subtracting the daily, weekly, and monthly ATRs from that time periods open price. For example, the weekly ATR is added and subtracted from Mondays open price to visually represent the true range for that week. The DATR is represented by red lines, the WATR is represented by the green lines, and the MATR is represented by the blue lines. These plots could also be used to assess risk as well.
How to use this script: Use the table to assess risk and determine potential exit strategies (Green=Low Risk, Orange=Medium Risk, Red=High Risk. Use the dotted lines to speculate what a stock’s price could be in a given time period (Daily=Red, Weekly=Green, and Monthly=Blue). And don’t forget the true range’s calculation and plots starts at the beginning of each time period!
Oasis Trading Group Market Making Bot - Mean Reversion BandsThe OTG Market Making Bot was designed with mean reversion trading in mind. It uses advanced ATR and other volatility formulas to create a set of bands that price should stay within. If price is testing the upper or lower bands then it is "extended" and a mean reversion back to the midline is likely.
The indicator comes with two sets of reversion bands, by default they are set to two and three standard deviations away from the midline, these can be changed to your preference. The indicator will give you Buy and Sell arrows if the conditions are being met. The conditions can be as simple as price hitting the bands or with certain filters, the filters are as follows:
Volatility Filter: Based on your settings it will look at the Current ATR vs Historic ATR Average if the Current ATR is higher than the average it will not show the mean reversion Buy/Sell signals because the volatility is too high. This filter can be turned on and off in the settings.
Trend Filter: Based on your settings it will lookback a certain amount of candles to see if the current price action is ranging or trending. If the current price action is determined to be trending it will not show the mean reversion Buy/Sell signals because it wants to trade within a range. This filter cannot be turned off in the settings, but if you wish to see all the Mean Reversion Buy/Sell signals without any filters you can turn them on in the style settings.
Midline: The midline is color coded based on your Trend Lookback settings. If it determines that the market is ranging it will be colored Green, if it determines that the market is trending it will be colored Red. Green means you are safe to take Mean Reversion trades.
The indicator comes with multiple alerts for all the different Buy/Sell signals. These signals can come from the first set of bands, second set, or unfiltered.
This indicator is designed to be paired with the ATR Improved Indicator I have created which is open source, it can be found here.
Also, paired with the OTG Automated Trading Bot. The OTG Trading Bot is a trend following bot, it excels in trend trading but fails in range trading. This Mean Reversion bot was designed to compliment the OTG Bot perfectly.
The Oasis Trading Group Market Making Bot will be available as a free add-on to all OTG Trading Bot users.
If you have any questions feel free to let me know in the comments or DM me.
Litt Opening Range BreakoutThe Litt ORB, Opening Range Breakout, is a tool used by many intraday traders to take advantage of short-term momentum. This script plots extensions based on the opening range and then color candles depending on where the closing price of that candle is. The opening range is defined by either the first 30 or 60 minutes of a new trading day. During that time the opening ranges are set. If the opening range time has passed and we start to break above the Opening Range High that is a good indication that a Trend Day to the upside could be forming. When a stock takes out the range high from the first 30 or 60 minutes this is called an Opening Range Breakout.
OR = Opening Range
ORH = Opening Range High
ORL = Opening Range Low
ORM = Opening Range Mid (Half-way between ORH and ORL)
You can see the ORH and ORL (Opening Range) lines on the chart. The other lines are extension lines from the Opening Range. These are used as price targets for the end of Opening Range breakouts.
The candles are colored as follows.
If we are above the ORH then we use Bull Color 1.
If we are below the ORL then we use Bull Color 2.
If we are above the ORM, Opening Range Mid or the halfway point between the ORH and the ORL, we color Bull Color 2.
If we are below the ORM then we color Bear Color 2.
If the current time is still within the Opening Range then we color the Opening Range Color.
OR = Opening Range
ORH = Opening Range High
ORL = Opening Range Low
ORM = Opening Range Mid (Half-way between ORH and ORL)
Precision Price Channel [AstrideUnicorn]Precision Price Channel (PPC) is a channel indicator based on advanced Kalman filtering. As one can see, the PPC channel is very narrow, but the price stays inside it with a very high probability. It is a precise model that shows the bounds for price swings in trending or ranging markets.
The indicator helps to determine optimal prices to enter a long or short trade. One can also use it for mean reversion trading when the market is in a range regime, just like other channel indicators.
How to use
The trader can use PPC in pair with their trading system to find the best price to enter a long or short trade suggested by their strategy.
For example, if you feel bullish about a market, you can enter a long position at the moment when the price crosses the bottom PPC line and leaves the channel. A green circle arrives below this candle, indicating the best price for a long trade. Such entry points ensure that you “buy very low” if the market will surge eventually.
If the trader thinks that the price of an asset is to decrease, they can wait for the indicator to show the best price for a short trade. The best moment to enter a sell position is when a candle breaks out of the PPC channel through the upper line. A red circle will show above such a candle.
In this use case, one should look at the red and green circles not as at signals that forecast the market will go up or down but real-time signals showing that now it is the best price to enter a long or short trade.
One can also use the PPC indicator to get entry signals. If the market is in a range regime, the red and green circles give mean-reversion signals for short-term trades inside the range.
The price crossing the blue middle line can serve as a signal to enter a trend.
The PPC indicator is auto-adjustable and does not have any user settings.
Volume-based Support and ResistanceV1.00
Pre-release; still working on this.
Identify the highest volume candles can plot support/resistance based on them.
Will try to create ranges using them.
_CM_BarRange_PercentileI know a Trader that went 18 months without a losing trade. This Trader averaged trading 700-800 contracts per month in the Futures markets.
The was not his only system but here were his rules.
He looked at the 60 minute bar and calculated the ranges of the bars over the last 3 months. IF the range of the Bar was Greater Than the 99th Percentile, He would Fade that move or take the trade in the opposite direction.
Thought process is If the Price Bar is Greater Than the 99th Percentile then typically the market reverses. This happens a lot of times at news events. If you’ve studied the markets long enough you know if a Nes based event causes a Huge Move, which we define as Greater than the 99th Percentile, the Market typically moves in the opposite direction.
***This is dependent on the Instrument your trading and the time frame your trading. Some Instruments and time frames this signals a continuation move.
I also added in the Low of the Range based on the 99th Percentile. Often times Low Range Bars…especially if they appear at the top of a swing move, or the bottom of a swing move…create a high probability entry once the High or Low of the bar is taken out in the opposite direction of the previous move…The Low Range bars show indecision after a strong move and create great reversal opportunities.
Works on All Time Frames…again depending on the instrument your trading.
On instruments that MOVE or have High Volatility like Crude and Oil you can get great signals on 1 minute bars.
***Code includes ability to pick ham many bars you want your Look Back Period To Be.
***You can change the percentages to use the 99th Percentile, or 95th percentile, etc…
***The Green Line is the Value of the High Range Percentile.
***The Red Line is the Value of the Low Range Percentile.
***Plots a Magenta Cross on the Red Line if the Range is Below the Low Range Percentile.
***Plots a yellow Cross on the Green Line if the Range is Greater Than the High Range Percentile.
***The Aqua line is the Midpoint of the Range. Or the Average Price Move.
***Colors the Price Bar Yellow if the Range exceeds the High Range Percentile.
***Colors The Bar Magenta if the Range is Less Than the Low Range Percentile
***All parameters can be turned on or off via Check Boxes in the Inputs Tab
ADR Daily & Session (Asia, London, NY) Range TrackerOVERVIEW:
The Daily & Session Range Tracker provides comprehensive range analysis for daily and intraday trading sessions (Asia, London, NY) . This indicator is essential for traders who need to understand market volatility and typical price movement ranges across different trading sessions.
KEY FEATURES:
• Daily Range Tracking: Tracks the daily candle range starting from 18:00 (6 PM), aligning with the institutional trading day open
• Session-Based Analysis: Monitors Asia (18:00-02:00), London (02:00-08:00), and NY (08:00-16:00) sessions
• Statistical Analysis: Displays Current, Average, and Median ranges for each period
• Customizable Lookback: Adjustable lookback period (1-20 days) for historical range calculation
• Clean Table Display: Organized data table positioned in the bottom-right corner
HOW TO USE:
1. Add the indicator to your chart
2. Adjust the lookback period to match your trading style (default: 10 days)
3. Customize session times if trading in a different timezone
4. Use the range data to set realistic profit targets and stop losses
5. Compare current range to average/median to gauge if price has room to move
SETTINGS:
• Lookback Period: Number of days to include in average/median calculations (1-20)
• Text Color: Customize the table text color for visibility
• Session Times: Adjust session start/end times for your timezone
PERFECT FOR:
✓ Day traders monitoring session volatility
✓ Scalpers setting realistic targets based on average ranges
✓ Swing traders understanding daily movement potential
✓ Risk management and position sizing decisions
NOTE: The daily range resets at 18:00 to align with institutional daily candle open times.
Universal Market Ranges█ OVERVIEW
Universal Market Ranges is a universal market indicator that, within a single tool, identifies trend direction and regime, shows price movement ranges relative to volatility, can be used as dynamic SL and TP levels, and offers optional signals generated separately for each zone.
The indicator is based on a smoothed moving average with an ATR-based significance filter and multi-level volatility bands, which organize the market into logical zones of increasing importance.
Instead of generating isolated signals, Universal Market Ranges provides full market context, allowing traders to make their own informed decisions.
█ CONCEPT
The core idea behind the indicator is full configurability, which allows it to be used for a wide range of trading purposes.
Depending on the settings and visibility of individual elements, Universal Market Ranges can function as:
- a complete trading system
- a clean trend indicator
- a single volatility channel
- a standalone filtered moving average
- a zone-based structure for position management (SL / TP)
By disabling selected bands, adjusting their multipliers, or modifying fill transparency, traders can tailor the indicator precisely to their trading style, market, and timeframe.
Moving Average Logic
The applied moving average is not classically weighted.
ATR acts here as a significance filter, determining whether a given price change is meaningful enough to affect the average.
When the price deviation from the MA exceeds a defined volatility threshold (ATR × multiplier), the moving average updates normally.
When price changes are too small and remain within market noise, the moving average remains unchanged.
As a result, the MA reacts only to significant price movements, ignoring minor fluctuations and consolidations.
█ ZONE STRUCTURE
- Trend Band (TB)
A channel used to define the trend regime.
- price breaking above the TB → trend shifts to bullish
- price breaking below the TB → trend shifts to bearish
The Trend Band can be visually disabled, while the trend logic continues to operate in the background.
- wider TB → less sensitive, fewer and later trend changes
- narrower TB → more sensitive, more frequent regime changes
- Inner Band (IB)
The primary zone of acceptable price deviation from the moving average.
- represents equilibrium and “comfortable” price movement
- Outer Band 1 (OB1)
A zone of clear market extension.
- first sign that price is moving away from equilibrium
- often used as a partial profit-taking level
- Outer Band 2 (OB2)
An extreme zone.
- very strong deviation from the moving average
- statistically rare price movements
- often marks the final phase of large impulses
█ FEATURES
Data Sources:
- Filtered moving average (SMA / EMA / RMA / WMA)
- ATR as the volatility measure for all zones
- Candle coloring based on the current trend regime
Signals (optional):
- Zone exit and return signals (IB / OB1 / OB2)
- Moving average cross in trend direction
- Trend regime change (TB breakout)
Visual Elements:
- Trend-based candle coloring
- Smooth fills between zones
- Labels with current price levels on the right side of the chart
Alerts:
- IB Breakout / Return
- OB1 & OB2 Exit / Return
- MA Cross in trend direction
- Trend Change (TB)
█ HOW TO USE
Adding the Indicator
Paste the code into the Pine Editor or search for
“Universal Market Ranges” on TradingView.
Key Settings:
- MA Length – moving average sensitivity
- ATR Length – band stability and width
- Minimum Deviation (ATR) – moving average update filter
→ lower values: MA updates more frequently but filters less noise
- Band Multipliers – define the significance of each zone
- MA Smoothing Type – determines the reaction character
█ USE CASES
Universal Market Ranges can be used for:
- trend trading – entries on trend regime changes
- defining dynamic SL and TP levels
- contrarian strategies – entries on price returns to zones
- analyzing price range and movement quality
Zone interpretation:
- price near the MA → market equilibrium
- price in OB1 → clear extension
- price in OB2 → extreme deviation from equilibrium
█ NOTES
- The indicator works on all instruments and timeframes
- Best results are achieved by adapting band multipliers to the market
- Can be combined with other technical analysis methods such as Fibonacci levels, FVG, and pivot levels
- This is not a signal-only system — it is a context-based analytical tool
Multi-Period Opening Range [ORB]Multi-Period Opening Range Indicator
A comprehensive Opening Range (OR) tool for traders who want to track multiple timeframe ORs simultaneously with complete visual customization.
📊 WHAT IS OPENING RANGE?
The Opening Range is the high and low price established during a specific period at the start of a trading session. Professional traders use these levels as critical support/resistance zones throughout the day.
✨ KEY FEATURES
Five Customizable OR Periods:
5-Minute OR : 9:30-9:35 AM EST (Quick scalping reference)
15-Minute OR : 9:30-9:45 AM EST (Standard OR period)
30-Minute OR : 9:30-10:00 AM EST (Extended morning range)
1-Hour OR : 9:30-10:30 AM EST (Full morning session)
Overnight OR : 6:00-7:00 PM EST (After-hours reference)
Complete Visual Customization:
Individual Toggle Controls : Turn each OR period on/off independently
Custom Colors : Set unique colors for each timeframe's lines and fills
Adjustable Line Thickness : Choose from 1-5 pixel width
Label Styles : "5Min OR-High" or simple "OR-High" format
Label Background Options : Choose colored backgrounds or clean text-only labels
Label Sizes : Tiny, Small, Normal, or Large text
Smart Display Options:
OR-High, OR-Mid, OR-Low : Each level clearly labeled with price tooltips
Midpoint Toggle : Show/hide dashed midpoint line
Fill Toggle : Enable/disable shaded area between levels
Historical Ranges : Show/hide previous session ORs
Line Extension : Set projection distance (0-1440 minutes, default 5 min)
Color-Coded Labels : Semi-transparent backgrounds match each OR theme (optional)
🎨 DEFAULT COLOR SCHEME
Active by Default:
5-Min OR : Red lines (no fill)
1-Hour OR : Sky blue lines (no fill)
Overnight OR : Brown lines with shaded fill
Disabled by Default:
15-Min OR (Purple) - enable when needed
30-Min OR (Orange) - enable when needed
📈 HOW TO USE
Setup:
Add to any intraday timeframe (1min, 5min recommended)
Enable your preferred OR periods
Customize colors for visual distinction
Set line extension (default 5 minutes)
Trading Applications:
Breakout Trading : Enter when price breaks OR-High/Low
Range Trading : Trade between levels during consolidation
Support/Resistance : Use multiple ORs as confluence zones
Risk Management : Set stops beyond OR levels
Session Analysis : Compare OR widths to gauge volatility
Advanced Techniques:
Watch for false breakouts returning inside range
Combine with volume for confirmation
Use overnight OR for pre-market sentiment
Layer multiple ORs for high-probability zones
⚙️ CUSTOMIZATION OPTIONS
Display Settings:
Show/hide historical ranges, midpoint lines, and fills
Line thickness: 1-5 pixels (default: 1)
Label size: Tiny to Large
Label style: With period prefix or generic
Label background: With background or no background
Extend lines: 0-1440 minutes (default: 5)
Per-Period Controls:
Each OR has independent settings for enable/disable, line color, fill color, and transparency.
💡 PRO TIPS
Start with 5-min and 1-hour ORs only
Use distinct colors for each timeframe
Keep historical ranges OFF for cleaner charts
Adjust extension: 5-10 min for active trading, 60+ for planning
Combine OR breakouts with volume spikes
Use overnight OR to understand after-hours action
Wait for clean breakouts with volume confirmation
🔧 TECHNICAL SPECS
Timezone : America/New_York (EST/EDT)
Compatible Timeframes : Any intraday under 1 day
Optimal Timeframes : 1-minute, 5-minute charts
Real-Time Updates : Dynamic line extension with new bars
📌 BEST PRACTICES
Use on liquid instruments (ES, NQ, SPY, QQQ)
Wait for volume-confirmed breakouts
Place stops beyond OR levels you're trading
Size positions based on OR width
Respect 1-hour OR as major support/resistance
🎯 IDEAL FOR
Day traders, scalpers, futures traders (ES/NQ/YM), equity traders (SPY/QQQ), and anyone using Opening Range methodology in their trading strategy.
Note: For educational purposes. Practice proper risk management and combine with your complete trading strategy.
Market Range OracleMarket Range Oracle is an advanced volatility-adaptive projection tool designed to help traders anticipate future price behaviour, identify probabilistic ranges, and understand how markets historically expand or contract from the price open.
📊 By analysing historical bar-to-bar performance, ATR-filtered volatility, and fast-RSI momentum, the indicator creates a complete forward-looking range map for any timeframe.
📈 What Market Range Oracle Does
Calculates Expected Price Movement From the Open for any selected timeframe, the indicator measures thousands of past bars (or your chosen lookback) to determine:
Average % Gain
Average % Loss
Max Adjusted Gain (ATR-filtered projected peaks)
Max Adjusted Loss (ATR-filtered projected troughs)
Rate of green and red candle closes in the selected lookback period
Projected price levels for all of the above
These projections are then plotted directly on the chart or drawn as offset lines with detailed labels, all the colours, text size, show/hide elements are customisable from the indicator dashboard.
🧠 How does work and how to use it
The indicator computes projections across three independent timeframes:
Plots Timeframe — where visual projection bands are drawn
Lines & Labels Timeframe — creates separate-TF projection levels & labels
Forecast Timeframe — allows forward bar forecasting for the next candle
Forecast projections (when enabled) can be used to show the next future candle of any timeframe.
Example 1: Plots Timeframe set to current timeframe and the Forecast Timeframe option to the same timeframe, this will show an adaptive range moving with the price for current timeframe.
Example 2 : Find the potential Future range long term, the current timeframe is an weekly and we set the Forecast Timeframe to 2 weeks, as want to see potential top and bottom range for the next 2 weeks
Example 3 : Scalping with Market Range Oracle - Set the Bands to current timeframe and set the Projections lines and labels to a higher timeframe (in our case 15 minutes and a 4h)
⚡ Momentum Overlay (Fast RSI Hybrid)
A fast-RSI (RSI-2) colour code system measures short-term momentum and the top and bottom of the ranges display momentum.
Also the middle RSI 50 value equivalent EMA shows directional bias visualized with colour-shifting dashed line on the chart to help traders with clear trend direction.
🔔 Built-In Alert System
Alerts trigger on Price-Level Events and on momentum shift:
Price reaches projected Avg Loss
Price reaches projected Max Gain
Price reaches projected Max Loss
Midpoint Cross Events
Price crosses above mid-range
Price crosses below mid-range
Fast RSI bullish momentum
Fast RSI bearish momentum
Fast RSI strong bullish spike
Fast RSI strong bearish spike
🧩 Market Range Oracle is ideal for scalping, day-trading, swing trading, and position traders.
💬 Notes
Market Range Oracle does not predict future price — it projects statistically probable ranges based on historical behaviour and volatility. It is a decision-support tool to help traders navigate expected expansion from the open.
Flout Ranges + STDVs [bilal]# Flout Ranges + STDVs
## What It Does
Automatically draws FLOUT, CBDR, and ASIA session ranges with standard deviation levels and highlight zones. Perfect for ICT-style trading and session-based strategies.
## Main Features
**📊 Session Ranges**
- FLOUT, CBDR, and ASIA ranges drawn automatically
- Works for both Indices and Forex (just toggle Forex Mode)
- Customizable colors and labels for each range
**📈 Standard Deviation Levels**
- Shows key STDV levels from your ranges
- FLOUT: -6 to +6 from midpoint
- CBDR/ASIA: 0 to 7 from range low
- Helps identify expansion targets and reversal zones
**🎯 Highlight Zones**
- Zone 1 (default 3.5-4.0 STDV): Common reversal area
- Zone 2 (default 5.5-6.0 STDV): Extended targets
- Shaded boxes make them easy to spot
- Automatically extends forward into London session
**📐 Smart Trendlines**
- Connects the open prices at key times
- Switches to X-pattern on trending FLOUT days
- Helps identify directional bias
## Quick Setup
1. Add indicator to your 1-5 minute chart
2. Toggle **Forex Mode** if trading forex (otherwise leave off for indices)
3. Turn on STDV lines for the ranges you want to see
4. Adjust highlight zones if needed (defaults work great)
## Why Use This?
- **Save Time**: No more manual drawing of ranges and levels
- **Stay Consistent**: Same levels calculated every session
- **Better Entries**: Use STDV zones for high-probability setups
- **Cleaner Charts**: Toggle what you need, hide what you don't
## Pro Tips
💡 Watch for reactions at 3.5-4.0 STDV zones - these are prime reversal areas
💡 Combine multiple ranges for allignements setups
---
*All times in New York timezone. Best used on 1-5 minute charts.*
ICT Sessions Ranges [SwissAlgo]ICT Session Ranges - ICT Liquidity Zones & Market Structure
OVERVIEW
This indicator identifies and visualizes key intraday trading sessions and liquidity zones based on Inner Circle Trader (ICT) methodology (AM, NY Lunch Raid, PM Session, London Raid). It tracks 'higher high' and 'lower low' price levels during specific time periods that may represent areas where market participants have placed orders (liquidity).
PURPOSE
The indicator helps traders observe:
Session-based price ranges during different market hours
Opening range gaps between market close and next day's open
Potential areas where liquidity may be concentrated and trigger price action
SESSIONS TRACKED
1. London Session (02:00-05:00 ET): Tracks price range during early London trading hours
2. AM Session (09:30-12:00 ET): Tracks price range during the morning New York session
3. NY Lunch Session (12:00-13:30 ET): Tracks price range during typical low-volume lunch period
4. PM Session (13:30-16:00 ET): Tracks price range during the afternoon New York session
CALCULATIONS
Session High/Low: The highest high and lowest low recorded during each active session period
Opening Range Gap: Calculated as the difference between the previous day's 16:00 close and the current day's 09:30 open
Gap Mitigation: A gap is considered mitigated when the price reaches 50% of the gap range
All times are based on America/New_York timezone (ET)
BACKGROUND INDICATORS
NY Trading Hours (09:30-16:00 ET): Optional gray background overlay
Asian Session (20:00-23:59 ET): Optional purple background overlay
VISUAL ELEMENTS
Horizontal lines mark session highs and lows
Subtle background boxes highlight each session range
Labels identify each session type
Orange shaded boxes indicate unmitigated opening range gaps
Dotted line at 50% gap level shows mitigation threshold
FEATURES
Toggle visibility for each session independently
Customizable colors for each session type
Automatic removal of mitigated gaps
All drawing objects use transparent backgrounds for chart clarity
ICT CONCEPTS
This tool relates to concepts discussed by Inner Circle Trader regarding liquidity pools, session-based analysis, and gap theory. The indicator assumes that session highs and lows may represent areas where liquidity is concentrated, and that opening range gaps may attract price until mitigated.
USAGE NOTES
Best used on intraday timeframes (1-15 minute charts)
All sessions are calculated based on actual price movement during specified time periods
Historical session data is preserved as new sessions develop
Gap detection only triggers at 09:30 ET market open
DISCLAIMER
This indicator is for educational and informational purposes only. It displays historical price levels and time-based calculations. Past performance of price levels is not indicative of future results. The identification of "liquidity zones" is a theoretical concept and does not guarantee that orders exist at these levels or that prices will react to them. Trading involves substantial risk of loss. Users should conduct their own analysis and risk assessment before making any trading decisions.
TIME ZONE
Set your timezone to: America/New_York (UTC-5)
Killzone Session High/Low Levels [SmartFoxy]Killzone Session High/Low Levels
The Killzone Session High/Low Levels indicator by SmartFoxy provides a complete intraday framework for understanding session-based liquidity, market structure rotation, and breakout behavior across global trading sessions.
It automatically plots the High/Low ranges for each selected session, highlights session killzones, and tracks breakout events with optional alerts.
This tool is designed for traders who rely on session dynamics (Asia, Frankfurt, London, New York) to identify liquidity targets, sweep zones, key ranges, and continuation/reversal opportunities.
________________________________________
How It Works
The indicator detects the active trading sessions for each day and builds structural High/Low ranges for them:
• Asia Session Range (High/Low);
• Frankfurt Session Range;
• London Session Range;
• New York Session Range;
• Optional custom session (NY Open, or any killzone).
For each session, the script can display:
• Session box or column;
• High/Low levels;
• Labels for every range (H/L);
• True session boundaries using user-defined timezone;
• Auto-extended levels up to the latest candle;
• Break levels after a breakout;
• Conditional removal or recoloring after a level is breached.
This gives traders a clean visual map of session liquidity and how price interacts with it throughout the day.
________________________________________
Key Features
1. Multiple Global Sessions •➤ Asia, Frankfurt, London, New York, plus one custom session for advanced killzone mapping.
2. Session High/Low Liquidity Levels •➤ Automatic plotting of every session’s High and Low, with optional labels and price markers.
3. Session Boxes or Columns •➤ Two display modes allow traders to visualize the session either as a filled box or a clear vertical column.
4. Breakout Logic & Temporary Levels .
When price breaks a session High/Low:
• Levels can be extended for a selected number of bars
• Or removed instantly after a breakout
• Or recolored to highlight the sweep event
This enables clean identification of liquidity grabs, breakouts, and continuation setups.
5. Alerts for Session Breakouts .
Set alerts when price breaks:
• Any session level
• Only levels formed on the current day
Perfect for traders who want real-time notifications of sweeps or key structure breaks.
6. Full Customization
You can configure:
• Session times;
• Timezone;
• Colors;
• Labels;
• Line styles and widths;
• Breakout behavior;
• Killzone range handling.
Everything is adjustable to match any trading style.
________________________________________
How to Use
1. Enable the sessions you want to track •➤ Asia, Frankfurt, London, New York, or custom.
2. Choose display mode
Box mode for visual range blocks;
Column mode for clean vertical alignment.
3. Enable High/Low Levels .
These act as liquidity magnets and key rejection zones.
4. Turn on Breakout Levels (optional)
Useful for spotting sweeps and continuation setups.
5. Turn on Alerts if you want notifications when price breaks levels.
6. Use session levels as liquidity reference points .
They work exceptionally well with smart money concepts (SMC), ICT, and intraday structure analysis.
________________________________________
Why This Indicator Is Useful
Shows exactly where liquidity is placed each session;
Highlights market structure transitions as sessions hand over control;
Helps identify stop hunts, sweeps, reversals, and continuation patterns;
Provides real-time alerts for structural breaks;
Organizes the chart and reduces noise;
Works with any intraday timeframe and any market.
This makes it valuable for scalpers, day traders, and SMC/ICT-style analysts.
________________________________________
Summary
Killzone Session High/Low Levels delivers a complete, highly customizable intraday mapping system based on global trading sessions.
It clarifies the session structure, reveals liquidity targets, and empowers traders to make confident trading decisions using clean, objective market data.
Trend Heat Meter by JaeheePurpose
A compact, overlay gauge that shows where the current close sits within the last 50 bars’ high-low range. It converts price position into a 0–100% “heat” scale and renders a vertical gradient from Frozen (low end) to Overheated (high end).
How it works
• Looks back 50 bars to get highest(high, 50) and lowest(low, 50).
• Normalizes the current close into a percentile: (close − low) / (high − low) * 100.
• Draws a vertical cold→hot bar at the right side of the chart, with a pointer and a fixed-width percentage readout (two decimals) to avoid jitter.
• Labels the extremes as Overheated (top) and Frozen (bottom).
• The script is an overlay and does not modify candles or generate orders.
What makes it different
• Pure position metric: No EMA smoothing or oscillation math. It’s a direct percentile of price inside a rolling range, so interpretation is immediate.
• Jitter-free readout: Fixed-width numeric formatting keeps the value visually stable as price ticks.
• High signal legibility: A single, color-coded “thermometer” avoids multi-plot clutter and works well on any chart style.
• Non-repainting logic: Uses only in-bar values and a rolling 50-bar window; no future bars are referenced.
Inputs
• Use Black Text (White→Black): Switches label/pointer text from white to black for dark or light chart themes.
(Length and visual rows are internally set to 50 and 21 for a consistent footprint.)
Practical use
Trend context
• >70% = price is trading near the upper segment of its recent range → bullish pressure / “hot.”
• <30% = price is trading near the lower segment of its recent range → bearish pressure / “cold.”
Confluence
• Combine with your entry method (structure breaks, OB/FVG, KZ sessions, etc.).
– Prefer long setups when the meter stays >50% and rising.
– Prefer short setups when the meter stays <50% and falling.
Risk management
• Treat extreme reads (>85% or <15%) as potential exhaustion zones inside ranges; wait for confirmation before fading.
Timeframes & markets
• Works on any timeframe and symbol. Large-cap, liquid instruments typically provide the cleanest read.
Notes and limitations
• The meter shows relative position, not momentum or volatility. Pair it with your preferred filters for full trade qualification.
• It does not produce buy/sell signals, alerts, or TP/SL levels.
• Visual table draws only on the last bar for efficiency.
Compatibility
• Pine Script® v6
• Overlay: true
Disclaimer
This script is for educational purposes only and is not financial advice. Trading involves risk. Test on a demo and use proper risk management.
NQ 65 Point Futures Session 30 Second Opening RangeNQ 65 Point Futures Session Open Range Pro
Overview
This Pine Script indicator is designed specifically for NASDAQ-100 E-mini (NQ) futures traders who utilize opening range breakout strategies across multiple global trading sessions. The indicator provides comprehensive session-based opening range analysis with advanced 65-point interval projections.
Key Features
Multi-Session Opening Range Analysis
RTH (Regular Trading Hours): 8:30 AM CT - New York session opening range
Globex (Asian Session): 5:00 PM CT - Asian market session opening range
Europe Session: 2:00 AM CT - European market session opening range
Core Functionality
High/Low/Mid Lines: Displays opening range boundaries and midpoint for each session
Customizable Colors: Full color customization for each session's lines
Price Labels: Optional price display on all levels with session identification
Statistics Table: Real-time table showing high, low, and range width for active sessions
Advanced 65-Point Interval System
RTH-Specific Feature: Plots 5 levels above and below RTH opening range at 65-point intervals
Projection Levels: +65, +130, +195, +260, +325 above RTH high and corresponding negative levels below RTH low
Customizable Labels: Toggle price display and session names on interval lines
Color-Coded: Separate colors for upside and downside projections
Enhanced Trading Tools
Breakout Detection: Automatic identification of opening range breakouts with visual signals
Alert System: Built-in alerts for all session breakouts (up and down)
Range Boxes: Optional visual boxes highlighting opening ranges
Multiple Timeframe Support: Works across various chart timeframes
Display Options
Label Customization: Multiple size options (Tiny, Small, Normal, Large)
Session Toggle: Individual on/off controls for each session
Transparency Controls: Adjustable transparency for range boxes
Professional Styling: Clean, professional appearance suitable for live trading
Trading Applications
This indicator is particularly valuable for:
Gap Trading: Identifying key levels after overnight gaps
Breakout Trading: Clear visual confirmation of range breakouts
Support/Resistance: Using opening ranges as dynamic S/R levels
Session Transition: Understanding how price behaves across global sessions
Risk Management: Using 65-point intervals for position sizing and target setting
Technical Specifications
Version: Pine Script v5
Overlay: True (plots directly on price chart)
Max Lines: 500 (accommodates extensive level plotting)
Timezone: America/Chicago (Central Time)
Data Frequency: 30-second precision for opening range calculation
Usage Notes
Designed specifically for NQ futures but may work on other instruments
Best performance on intraday timeframes (1m, 5m, 15m, 30m)
Opening ranges calculated based on first 30 seconds of each session
All alerts are customizable through TradingView's alert system
Customization Options
The indicator offers extensive customization including:
Color schemes for each session
Label display preferences
Line transparency and thickness
Statistical table positioning
Alert message customization
Options Betting Range - FixedOptions Betting Range
Options Betting Range is a powerful TradingView indicator designed to streamline options trading by visualizing high-probability price ranges for key symbols. With automated trendlines and clear labels, it empowers traders to make precise, data-driven decisions based on customizable prediction and execution dates.
## Key Features
Broad S&P 500 Coverage: Supports most S&P 500 stock symbols, excluding those with insufficient options volume for reliable data, alongside major ETFs and indices like SPY, IWM, QQQ, DIA, TLT, ^GSPC, ^IXIC, ^RUT, ^NDX, and ^SOX.
Automated Trendlines: Plots dashed and solid trendlines to mark high/low price boundaries, triggered only on specified prediction dates for clean, uncluttered charts.
Customizable Inputs: Configure prediction and execution dates to align with your trading strategy.
Clear Visuals: Color-coded labels (green for highs, purple for lows) display price ranges and percentage spreads for rapid decision-making.
Single-Execution Logic: Draws trendlines once per prediction date, ensuring chart clarity and efficiency.
## How It Works
Based on the latest daily open interest data, the indicator calculates swing ranges for different strike dates, drawing trendlines and labels to visualize potential price boundaries for options trading.
## Why Use It?
Streamlined Analysis: Automates range visualization, saving time and reducing manual charting.
Strategic Clarity: Objective price levels minimize emotional bias and enhance trade planning.
Versatile Application: Ideal for day traders, swing traders, and options strategists across multiple markets.
## Tips for Best Use
Regular Updates: To maintain the accuracy of options betting ranges, periodically update the indicator. On the view page, hover over the indicator name and click the blue whirlwind icon to complete the update.
## Get Started
Add Options Betting Range to your TradingView chart, select a supported symbol, and customize your prediction/execution dates. Leverage the visualized price ranges to execute precise options trading strategies with confidence.
