PD RTH Range+ [JJumbo]

Introduction:
The PD RTH Range+ indicator is a powerful tool designed to visualize and track previous day and previous day's Regular Trading Hours (RTH) ranges for futures markets. This indicator identifies and plots automatically key price levels established during standard US trading hours (9:30 AM - 4:15 PM ET "RTH") and Globex hours, helping traders identify important key levels and fair value zones.
Just like my other time based range indicator "SDRange+" it works around the same idea but with a different context and different ranges in use, range deviations are still a big part in this framework.


Key features:

• Range functions and plot modes:
  This tool is equipped with two modes "RTH" range and "Previous day" range, which help you visualize previous day's points of interest and swing high and low essentially helping you framing the current day's daily candle in relation to previous day ranges both RTH and previous day.
  

• Projections feature:
  The projection feature in the tool also has two plot modes "Fixed" and "Custom", the Fixed mode projections make use of the rule of thirds (just like the SDRange+) but with two areas 0.33-0.66 and 1.33-1.66, here is where most deviations happen and price exhausts above/below the range.
  These are your actionable areas to expect price lose momentum and retrace back into the range.
  

• Dynamic Premium&Discount visualization:
  This feature will allow you to identify fair value and equilibrium at current price dynamically updating until out projections or levels have been met and and swing high/low has formed, helping you identify the equilibrium of the market at the current state and where premium or discounted prices are.
  

• Automatic First presentation Fair Value Gap:
  A concept idea originated from The Inner Circle Trader (ICT), the feature in the indicator will automatically plot the first presented fair value gap (first FVG present of Regular trading hours) dynamically changing time-frame as well, showing the first presented FVG in any time frame you are visualizing.
  This can be used as you area of action as well or targets (during RTH hours).
  

• ETH (Eletronic Trading Hours) candles transparency:
  This feature is important for define ETH and RTH hours, removing the color out of the the ETH hours candles helping visualize better the RTH hours, which is where you want base your trading day on.
  

• Customizable inputs:
  Fully customizable aesthetics in the input menu
  

How can traders use this framework and tool effectively in their trading:

• Trading range sequences:
  This framework is based on IF-THEN statements sequences, it will generate your daily bias by following the sequences.
  
• Sequences:EQ > high/low, high/low > EQ,EQ > fixed projections, fixed projections >EQ.
  When following these sequences, you will easily find you daily direction, which are also data-backed by statistics (you can see about it in my X profile, you will find the link in my Trading View profile)
  

• Trading retracements/reversals:
  Retracements are often taken from the projections areas until Equilibrium of the dynamic premium and discount feature in the indicator, often participating in the moves to fair value from the deviation of the range.
  
  Reversals are often taken from the projections areas until opposing levels of the range (EQ or high/low)
  

Terms & Conditions

• Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
  
• By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.