Ultimate_Priceaction_Tool for INTRADAY by Chaitu50c

26 giu

Ultimate_Priceaction_Tool for INTRADAY by Chaitu50c

This indicator is crafted for intraday traders who rely on raw price action. It identifies support and resistance zones based on engulfing candle structures and 2-bar breakout formations. These patterns often signal meaningful reversals or momentum-based breakouts.

Key features:

• Real-time support and resistance zone detection
Uses green-to-red and red-to-green candle transitions where open and close levels align within a defined buffer. Also includes logic to capture two-bar breakout patterns that confirm directional conviction.

• Dynamic line behavior
Line width increases as the level holds for more bars, visually representing zone strength. Breakout buffers also expand with time to reduce false signals.

• Session-based resets
At the start of each new session, all zones reset automatically. This ensures only current, relevant intraday structures are shown, reducing clutter and improving focus.

• Dashed zone detection
Within the main high-low range, additional price levels are plotted as dashed lines when qualifying patterns appear. These zones are suppressed if similar ones already exist nearby.

• Fully customizable
Includes adjustable buffer range, breakout margin, dash suppression distance, line width control, and visual styling for both resistance and support zones.

Recommended usage:

This tool is optimized for the 1-minute and 5-minute timeframes. It is best suited for scalpers and intraday traders who depend on breakout reactions, pullback validation, and session structure shifts.

Use it to identify areas of interest, react to price action, and refine intraday decision-making with high precision.

23 lug

Note di rilascio

New Features Added
Session Isolation Logic: Candlestick patterns are now restricted to form only within the same trading session. This avoids faulty signals caused by cross-session candle combinations.

Dynamic Dashboard:

A live dashboard is now placed on the chart to display:

Support Breaks

Resistance Breaks

These counts reset automatically each session.

Dashboard position and text size are customizable with options like:

Top Left / Center / Right

Bottom Left / Center / Right

27 lug

Note di rilascio

This update introduces a visual enhancement to the "Ultimate Priceaction Tool for INTRADAY":

Break Candle Painting
Candles that break a support or resistance level are now painted directly, making it easier to visually detect breakout events.

Bullish/Bearish Coloring

Bullish candle: Uses a green-shaded tone

Bearish candle: Uses a red-shaded tone

You can customize them in indicator settings.

27 lug

Note di rilascio

Fixed some minor issues. fully stable now.

6 giorni fa

Note di rilascio

What changed

Removed legacy “inside-range” dotted continuations. Instead of them Added New Breakout dashed levels.

New breakout dashed levels.

When a resistance line is broken up, the tool draws a dashed level at that candle’s low.

When a support line is broken down, it draws a dashed level at that candle’s high.

Body-based invalidation for dashed lines. A dashed level stops extending on the first bar whose close breaks it.

Cleaner settings with grouped headings. Inputs are organized for clarity

How it behaves now

Detects same-day reversal patterns to anchor one active resistance and one active support line.

If price breaks a main line (with a dynamic close buffer), the main line is deleted, Candle gets painted and a dashed breakout level is plotted at the breakout candle’s low (res up-break) or high (sup down-break).

That dashed line will keep extending right until a body close breaks back across it (using your buffer). On that bar, the line stops and snaps its right endpoint to the break.


Why this is useful

Focuses on the most actionable levels (fresh SR + immediate breakout context).

The dashed levels give a measured re-test/invalidation line that ends precisely when the market proves it invalid by closing across it.

Clean UI, fewer artifacts, and behavior that matches intraday price action expectations.