OPEN-SOURCE SCRIPT
Aggiornato

StO Price Action - Level Reaction

251
Short-Summary

- Multi-timeframe reaction indicator for M5, M15, M30, H1, H4
- Monitors price interaction with higher timeframe levels (Daily, Weekly, H4)
- Detects whether price touches or breaks choosen levels
- Fully configurable colors, visibility and alerts per timeframe and level type

Full Description

Overview

- Tracks market reaction on significant levels across multiple timeframes
- Designed to identify intraday reactions to higher timeframe structure
- Supports both bullish and bearish reactions, with separate visual cues
- Alerts can be enabled to notify traders of touches or breaks

Core Logic

- Choice between detecting a touch or a break of the level
- Configurable reference level: Open, High or Low
- Lookback period can be set to target specific levels from previous candles

Timeframe Reactions

- Supported intraday reaction timeframes: M5, M15, M30, H1, H4, Daily, Weekly
- Each reaction type can be individually toggled for display
- Bullish and bearish reactions have separate color settings
- Alerts configurable per timeframe and reaction type

Alerting

- Alerts can be triggered for touches or breaks
- Supports separate alerts for each timeframe and each direction (bull/bear)
- Useful for real-time monitoring of key level interactions

Notes

- Intended as a market reaction tool not a standalone entry signal
- Helps traders confirm if price respects or violates higher timeframe levels
Note di rilascio
Minor Changes
Note di rilascio
Minor Changes
Note di rilascio
Minor Changes

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.