Stop Loss With Average True Range (ATR)Stop Loss With Average True Range (ATR)
It simplifies the calculation of stop loss price for stop loss method using the average true range (ATR).
For example;
You want to stop loss below 3 ATR. Let's assume the price is 100, the average true range is 5. You will multiply the average true range by 3 and subtract from the price and enter a stop loss order at the 85 price you have reached. Instead of doing this calculation every time, you just need to use this script and set the multiplier to 3. A stop loss line will be drawn below the price candles.
You can set the method to be used when averaging the true range. Methods you can use to average: EMA (exponentially moving average), HMA (hull moving average), RMA (moving average used in RSI), SMA (simple moving average), SWMA (symmetrically weighted moving average), VWMA (volume-weighted moving average), WMA (weighted moving average).
You can set the length to be used when averaging the true range.
You can set the multiplier to be used when determining the stop loss price.
Turkish
Ortalama Gerçek Aralıkla (ATR) Zarar Durdurma
Gerçek aralığın ortalamasını kullanarak zarar durdurma yöntemi için zarar durdurma fiyatının hesaplanmasını kolaylaştırır.
Örneğin;
3 ATR kadar aşağıda zarar durdurmak istiyorsunuz. Fiyatın 100, ortalama gerçek aralığın 5 olduğunu varsayalım. Ortalama gerçek aralığı 3 ile çarparak fiyattan çıkaracaksınız ve ulaştığınız 85 fiyatına zarar durdurma emri gireceksiniz. Bu hesabı her seferinde yapmak yerine bu betiği kullanmanız ve çarpanı 3 olarak ayarlamanız yeterli. Bu sayede fiyat mumlarının altına zarar durdurma çizgisi çizilecektir.
Gerçek aralığın ortalaması alınırken kullanılacak yöntemi ayarlayabilirsiniz. Ortalama almak için seçebileceğiniz yöntemler: EMA (üstel hareketli ortalama), HMA (gövde hareketli ortalama), RMA (göreceli hareketli ortalama), SMA (basit hareketli ortalama), SWMA (simetrik ağırlıklı hareketli ortalama), VWMA (hacim ağırıklı hareketli ortalama), WMA (ağırlıklı hareketli ortalama).
Gerçek aralığın ortalaması alınırken kullanılacak periyot uzunluğunu ayarlayabilirsiniz.
Zarar durdurma fiyatını belirlerken kullanılacak çarpanı ayarlayabilirsiniz.
Cerca negli script per "range"
EHMA Range StrategyThis script is a modified version of @borserman's script for the Exponential Hull Moving Average
All credit for the EHMA goes to him :)
In addition to the EHMA, this script works with a range around the EHMA (which can be modified), in an attempt to be robust against fake signals. Many times a bar will close below a moving average, only to reverse again the next bar, which eats away at your profits. Especially on shorter timeframes, but also on choppy longer timeframes this can make a strategy unattractive to use.
With the range around the EHMA, the strategy only enters a long/exit-short position if a bar crosses above the upper range. Vice versa, it only enters a short/exit-long position if a bar crosses below the lower range. This avoids positions if bars behave choppy within the EHMA range & only enters a position if the market is confident in it's direction. Having said that, fakeouts are still possible, but a lot less frequent. Having backtested this strategy vs the regular EHMA strategy (and having experimented with various settings), this version seems to be a lot more robust & profitable!
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
Bogdan Ciocoiu - Sniper EntryWhat is Sniper Entry
Sniper Entry is a set indicator that encapsulates a collection of pre-configured scripts using specific variables that enable users to extract signals by interpreting market behaviour quickly, suitable for 1-3min scalping. This instrument is a tool that acts as a confluence for traders to make decisions concerning current market conditions. This indicator does not apply solely to an asset.
What Sniper Entry is not
Sniper Entry is not interpreting fundamental analysis and will also not be providing out of box market signals. Instead, it will provide a collection of integrated and significantly improved open-source subscripts designed to help traders speculate on market trends. Traders must apply their strategies and configure Sniper Entry accordingly to maximise the script's output.
Originality and usefulness
The collection of subscripts encapsulated in this tool makes it unique in the Trading View ecosystem. This indicator enables traders to consider entry positions or exit positions by comparing similar algorithms at once.
Its usefulness also emerges from the unique configurations embedded in the indicator's settings, which are different from those of the original scripts.
This indicator's originality is also reflected in how its modules are integrated, including the integration of the settings.
Open-source reuse
I used the following open-source resources, which I simplified significantly and pre-configured for short term scalping. The source codes for the below are already in the public domain, including the following links listed below.
www.tradingview.com (open source)
(open source and generic algorithm)
www.tradingview.com (open source)
(open source)
(open source)
www.tradingview.com (generic MA algorithm and open source)
(generic VWAP algorithm and open source)
SD - Average True Range v5 - DoubleSD - Average True Range - Daily Weekly Monthly Yearly v5
It gives ATR intervals as 4 hours, daily, weekly, monthly and yearly. The expectation is to fill the ATR targets within the specified ranges. It can be used to determine target points on charts with a clear direction on the train.
Unlike the previous version, it is provided to use 2 different periods in the same indicator.
Note: Developed based on the source codes of the original SD ADR indicator.
PEC Range (Prefer on 1D chart)Price Expansion and Contraction is basic calculation of Candles High-Low and it is average of previous 5 High-Low. Which will help to analyse volatility of running situation. This can be used for analysis purpose only not as buy/sell signals.
How to use this?
Ranges of candles may increase on lower value of PEC.
Ranges of candles may decrease on high of PEC.
This is not ATR of 5 period.
High & Low Of Custom Session - OpeningRange Breakout (Expo)High & Low Of Custom Session - OpeningRange Breakout (Expo) prints the high and the low of a custom session.
I use the indicator to trade the re-test of opening range (high/low) as well as breakouts from the opening range. The same logic can be applied to the session you have chosen.
HOW TO USE
1. Use the indicator to trade the re-tests of the session range.
2. Use the indicator to trade breakouts of session range.
INDICATOR IN ACTION
1-min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
LTP - Risk Ranges
This indicator shows volume and volatility adjusted risk ranges for the price.
Based on the previous volume in upside (downside) movements and the volatility of these upside (downside) movements a plausible range to the upside (downside) is calculated and drawn.
Average True Range OverlayPlots ATR calculated on a daily basis as an overlay on the current chart.
Implemented using the builtin atr function.
ATR is a volatility indicator
originally developed by J. Welles Wilder, Jr. for commodities:
New Concepts in Technical Trading Systems. Greensboro, NC: Trend Research. ISBN 978-0-89459-027-6.
The range of a day's trading is simply R = high − low.
The true range extends it to yesterday's closing price if it was outside of today's range:
TR = max
The average true range is an N-day smoothed moving average of the TR values.
A first stab at a sensible stop loss level might be 3*ATR below recent peak.
Maiko Range Scalper (Sideways BB + RSI) – v4 cleanPurpose
It’s a range scalping strategy for crypto. It tries to take small, repeatable trades inside a sideways market: buy near the bottom of the range, sell near the middle/top (and the reverse for shorts).
Core idea (two timeframes)
Define the trading range on a higher timeframe (HTF)
You choose the HTF (e.g., 15m or 1h).
The script finds the highest high and lowest low over a lookback window (e.g., last 96 HTF candles) → these become HTF Resistance and HTF Support.
It also calculates the midline (average of support/resistance).
Trade signals on your lower timeframe (LTF)
You run the strategy on a fast chart (e.g., 1m or 5m).
Entries are only allowed inside the HTF range.
Entry logic (mean reversion)
Indicators on the LTF:
Bollinger Bands (length & std dev configurable).
RSI (length & thresholds configurable).
Optional VWAP proximity filter (price must be within X% of VWAP).
Long setup:
Price touches/under-cuts the lower Bollinger band AND RSI ≤ threshold (default 30) AND price is inside the HTF range (and passes VWAP filter if enabled).
Short setup:
Price touches/exceeds the upper Bollinger band AND RSI ≥ threshold (default 70) AND price is inside the HTF range (and passes VWAP filter if enabled).
Exits and risk
Stop-loss: placed just outside the HTF range with a configurable buffer %:
Long SL = HTF Support × (1 − buffer).
Short SL = HTF Resistance × (1 + buffer).
Take-profit (selectable):
Mid band (the Bollinger basis) → conservative, faster exits.
Opposite band / HTF boundary → more aggressive, higher RR but more give-backs.
Position sizing
A simple cap: maximum position size = percent of account equity (e.g., 20%).
The script calculates quantity from that cap and current price.
Plots you’ll see on the chart
HTF Resistance (red) and HTF Support (green) via plot().
HTF Midline (gray dashed) drawn with a line.new() object (because plot() cannot do dashed).
Bollinger basis/upper/lower on the LTF.
Optional VWAP line (only shown if you enable the filter).
Signal markers (green triangle up for Long setups, red triangle down for Short setups).
Alerts
Two alertconditions:
“Long Setup” – when a long entry condition appears.
“Short Setup” – when a short entry condition appears.
Create alerts from these to get notified in real time.
How to use it (quick start)
Add to a 1m or 5m chart of a liquid coin (BTC, ETH, SOL).
Set HTF timeframe (start with 1h) and lookback (e.g., 96 = ~4 days on 1h).
Keep default Bollinger/RSI first; tune later.
Choose TP mode:
“Mid band” for quick scalps.
“Opposite band/Range” if the range is very clean and you want bigger targets.
Set SL buffer (0.15–0.30% is common; adjust for volatility).
Set Max position % to control size (e.g., 20%).
(Optional) Enable VWAP filter to skip stretched moves.
When it works best
Clearly sideways markets with visible support/resistance on the HTF.
High-liquidity pairs where spreads/fees are small relative to your scalp target.
Limitations & safety notes
True breakouts will invalidate mean-reversion logic—your SL outside the range is there to cut losses fast.
Fees can eat into small scalps—prefer limit orders, rebates, and liquid pairs.
Backtest results vary by exchange data; always forward-test on small size.
If you want, I can:
Add an ATR-based stop/target option.
Provide a study-only version (signals/alerts, no trading engine).
Pre-set risk to your €5,000 plan (e.g., ~0.5% max loss/trade) with calculated qty.
Average True Ranges with IBD RSAdvanced ATR Analysis with IBD Relative Strength
This comprehensive indicator combines Average True Range (ATR) analysis with IBD (Investor's Business Daily) Relative Strength calculation, providing both volatility measurement and momentum analysis in one powerful tool.
Key Features:
ATR Analysis:
Standard ATR: Customizable period (default 14) with multiple smoothing options
1.5x ATR: Extended range for wider stop-loss and target calculations
Smoothing Options: Choose between RMA, SMA, EMA, or WMA for ATR calculation
Customizable Colors: Distinct colors for easy visual identification
IBD Relative Strength:
Professional RS Formula: Uses the same calculation method as Investor's Business Daily
Multi-Timeframe Analysis: Compares current price to 3, 6, 9, and 12-month performance
Weighted Calculation: 40% weight on 3-month, 20% each on 6, 9, and 12-month performance
Zero-Based Scale: Values above 0 indicate outperformance, below 0 indicate underperformance
Trading Applications:
Volatility-Based Stops: Use ATR and 1.5x ATR for dynamic stop-loss placement
Position Sizing: ATR helps determine appropriate position size based on volatility
Relative Strength Analysis: IBD RS identifies stocks with superior momentum
Market Timing: High RS values often precede strong price moves
Risk Management: Combine volatility (ATR) with momentum (RS) for comprehensive analysis
Technical Details:
ATR Calculation: True Range smoothed over selected period with chosen method
IBD RS Formula: (40% × 3M) + (20% × 6M) + (20% × 9M) + (20% × 12M) - 100
Display: Separate pane indicator with customizable colors for each component
How to Interpret:
High ATR: Increased volatility, wider stops needed
Low ATR: Reduced volatility, tighter stops possible
Positive IBD RS: Stock outperforming market over measured periods
Negative IBD RS: Stock underperforming market over measured periods
Customizable Parameters:
ATR calculation length
Smoothing method for ATR
Individual colors for ATR, 1.5x ATR, and IBD RS lines
Perfect for swing traders and position traders who want to combine volatility analysis with relative strength momentum in their decision-making process. Particularly useful for stock selection and risk management.
Full Session ATR Range (Live) - with Position ToggleBelow is a publication-ready text for the "Full Session ATR Range (Live) - with Position Toggle" indicator, written in a professional yet accessible style suitable for a trading community (e.g., TradingView or a blog). The text highlights the indicator's features, usage, and benefits, while avoiding overly technical jargon for a broad audience.
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### Introducing the Full Session ATR Range (Live) Indicator with Position Toggle
Enhance your trading strategy with the **Full Session ATR Range (Live) Indicator**, a powerful tool designed to provide real-time insights into market volatility and session dynamics. This customizable indicator, now available with a position toggle feature, compares the current session's range to a 10-day Average True Range (ATR), helping traders gauge market activity and anticipate potential movements.
#### Key Features
- **Live Range Tracking**: Displays the current session's range (high minus low) alongside a 10-day ATR, updated in real-time during market hours.
- **Session Mode Flexibility**: Includes an auto-toggle option to switch between Electronic Trading Hours (ETH) and Regular Trading Hours (RTH), adapting to your preferred trading session. Manually select ETH or RTH, or let the indicator auto-detect based on market hours.
- **Comprehensive Metrics**: Offers a detailed breakdown including:
- Range/Avg %: Percentage of the current range relative to the 10-day ATR.
- Points Left: Remaining points to reach the average range.
- 100% Range Up/Dn: Potential upper and lower targets based on the ATR difference.
- **Position Customization**: Adjust the table's location on your chart with options like top-left, top-right, middle-center, or bottom-right for optimal visibility.
- **Visual Appeal**: Features a customizable background and text color to match your chart theme.
#### How It Works
The indicator calculates the 10-day ATR using daily data and tracks the current session's range, resetting at the start of each day or session change. During market hours (e.g., 6 AM - 8 PM CDT, adjustable), it updates live, providing actionable insights. When the market is closed, it displays historical ATR while marking live metrics as "n/a" to avoid confusion. The ETH/RTH toggle ensures the range reflects either the full extended session or the core trading hours, tailored to your strategy.
#### Why Use It?
Whether you're a day trader monitoring intraday volatility or a swing trader assessing longer-term trends, this indicator helps you:
- Identify overextended or underactive sessions compared to historical norms.
- Plan entries and exits with targets based on the 100% Range Up/Dn levels.
- Stay informed with a clean, adjustable display that fits your workflow.
#### Installation & Customization
1. Add the indicator to your TradingView chart.
2. Adjust the ATR length (default: 10 days) and table position via the input settings.
3. Choose your session mode (Auto, ETH, or RTH) and customize colors to suit your style.
4. Test during market hours for live updates—note that static values may appear outside trading sessions.
#### Feedback & Support
This indicator is designed for flexibility and ease of use. Share your feedback or request enhancements by commenting below or contacting the developer. Happy trading!
Dynamic 50% Line [Daily and Weekly Range]This indicator automatically plots the 50% retracement level (midpoint) of the daily and weekly trading ranges. It helps traders identify key support/resistance zones where price may react, offering insights into potential reversal or continuation areas.
Auction Market Theory & the 50% Level
At its core, this indicator is built on Auction Market Theory (AMT), which views price movement as an ongoing auction process where buyers and sellers compete to establish value. The 50% midpoint represents fair value—the equilibrium where price is most likely to balance before continuing its trend or reversing.
When price deviates too far from this level, it often returns to balance (mean reversion) or accepts new value (breakout). By tracking the daily and weekly 50% lines, traders can:
Identify high-probability reversal zones (where price may reject fair value).
Spot trend continuation areas (where price accepts higher/lower value).
Align with institutional order flow, as large players often use these levels for execution.
This makes the indicator particularly powerful for traders who follow volume profile, order flow, or ICT concepts, as it visually maps the market’s ongoing auction process.
Features:
✅ Automated Daily & Weekly Midpoints – Calculates the 50% level from the high/low of each session.
✅ Customizable Line Styles – Choose between solid, dotted, or dashed lines for better visibility.
✅ Clear Labeling – Optional text labels show "50% Level" or custom text at your preferred position (left, middle, or right).
✅ Flexible Styling – Adjust line colors, thickness, and text size to match your chart theme.
How It Works:
Daily 50% Line: Resets at 6 PM NY time (new trading day).
Weekly 50% Line: Resets on Sunday at 6 PM NY time (new trading week).
The midpoint is calculated as:
(High + Low) / 2
Lines extend 500 bars forward for easy visibility.
Why Use This Indicator?
Unlike static Fibonacci tools, this dynamic indicator auto-updates the 50% level as new highs/lows form, saving time and improving accuracy. Whether you trade forex, stocks, or crypto, these levels often act as strong magnets for price action.
Efficient Candle Range (ECR)Efficient Candle Range (ECR)
A custom-built concept designed to detect zones of efficient price movement, often signaling the start, pause, or end of an implied move.
What is the Efficient Candle Range?
The Efficient Candle Range (ECR) is a unique tool that identifies price zones based on efficient candles—candles with relatively small bodies and balanced wicks. These candles reflect balanced or orderly price action, and when grouped into a range, they can reveal areas of temporary equilibrium in the market.
Rather than focusing on single candles, ECR builds a range that dynamically adjusts as new efficient candles form. This gives traders an objective way to track potential areas of absorption, distribution, or transition.
Why use ECR?
Efficient candles often occur:
At the beginning of a new move, after a liquidity sweep or shift in sentiment
At the end of a strong move, as momentum fades
Within consolidation zones, where price trades in a balanced, indecisive state
While ECRs can appear in any market condition, their interpretation depends on context:
In a range, an ECR might just reflect sideways balance.
But after a sweep or breakout, it could signal a potential shift in direction or continuation.
A close outside the ECR often marks the end of that balance and the start of a new impulse.
How it works
The script detects efficient candles based on body-to-range ratio and wick symmetry.
Consecutive ECs are grouped into a live ECR box.
The box dynamically extends as long as price stays inside the high-low range.
Once a candle closes outside, the ECR is considered invalid (fades visually, but remains visible for reference).
Each active range is labeled "ECR" within the box for easy tracking.
Customizable in settings
Max body percentage of range
Max wick imbalance
Box and label color/transparency
Suggested usage
Let the ECR define your observation zone.
Instead of reacting immediately to an efficient candle, wait for a confirmed breakout from the ECR to validate the next move.
Whether you trade breakouts, reversals, or continuation setups, ECR provides an objective way to visualize price balance and understand when the market is likely to expand.
Designed for individual traders looking to build structure around efficient price movement — no specific methodology required.
Candle Range Classifier Dots OnlyCandle Range Classifier (Dots Only)
This indicator analyzes the price range of each candle relative to its recent average range to classify market activity into three categories: wide range, narrow range, or normal range.
Wide Range Candles (red dots above bars) indicate significant price movement and strong market effort.
Narrow Range Candles (blue dots below bars) indicate low volatility and possible market absorption or consolidation.
Normal Range Candles are not marked, keeping the chart clean and focused on meaningful range extremes.
Trend Buy/Sell Fibonacci Range - KLTThe Trend Buy/Sell Fibonacci Range – KLT indicator identifies bullish and bearish trends based on where the closing price is located within a Fibonacci range calculated from the last N candles (default is 10). Instead of analyzing individual candles, this tool takes a broader view of price action using Fibonacci retracement levels across a dynamic multi-candle range.
How It Works:
Range Calculation
The indicator calculates the highest high and lowest low over the last N candles to define the active price range (default: 10 bars).
Fibonacci Levels
Within this range, Fibonacci levels (0.236, 0.382, 0.5, 0.618, 0.786) are dynamically computed. These levels act as internal thresholds to evaluate bullish or bearish pressure.
Trend Identification (via Close Position):
If the closing price is above the 0.618 level, it indicates strong buy pressure → the candle turns green and an upward triangle appears.
If the closing price is below the 0.382 level, it suggests strong sell pressure → the candle turns red and a downward triangle is displayed.
If the close lies between 0.382 and 0.618, the market is considered neutral, and the candle is gray.
Visual Elements:
Colored candles to immediately spot trend conditions.
Triangle signals (optional) for clear Buy/Sell markers.
Fibonacci level lines plotted on the chart for full context (can be toggled on/off).
Customization Options:
Lookback period (number of candles to calculate the range)
Fibonacci threshold levels (upper/lower)
Show/hide arrows and Fibonacci lines
Why Use This Indicator?
This tool is perfect for traders who want a simple visual method to assess trend strength based on price structure, not indicators derived from lagging moving averages. It offers:
Cleaner market structure analysis
Objective trend zones
Customizable sensitivity
Recommended Use:
Works well in conjunction with support/resistance zones, volume, or momentum indicators.
Applicable to any asset class or timeframe.
Credits:
Developed by KLT, combining structure-based logic with Fibonacci precision.
Price Ranged FVG📌 Price Ranged FVG
Is a clean and efficient tool designed to detect Fair Value Gaps (FVGs) with adjustable filters and structural context. It’s especially useful for traders looking to filter out insignificant gaps and focus on high-probability areas, particularly around swing breaks or structural shifts.
🧠 What is a Fair Value Gap (FVG)?
A Fair Value Gap appears when there’s a price imbalance between candles — typically after a strong move — where the market skips over certain price levels without trading there. These zones can act as potential areas for price to return to (mean reversion), or serve as support/resistance depending on market structure.
🔍 FVG Detection Types
You can choose between three different detection modes under the "FVG Detection" input:
Same Type: Only detects FVGs where the last 3 candles are in the same direction (all bullish or all bearish).
All: Detects any FVG, regardless of candle direction.
Twin Close: Detects FVGs only when the last two candles are in the same direction and close accordingly — offering a stricter confirmation.
🎯 FVG % Filters
To filter out noise or insignificant gaps, this indicator includes:
Minimum FVG % Filter: Ignores FVGs smaller than your specified percentage of the current close.
Maximum FVG % Filter: Ignores overly large gaps that may be unreliable or caused by anomalies.
These filters help focus on relevant FVGs that are more likely to act as reaction zones.
🏛 Structural Context (Swing Highs and Lows)
The indicator plots swing highs and swing lows with dots to provide structure-based context:
Set Swing Strength to 3 for detecting internal structure (shorter-term moves).
Use a higher setting like 5 to focus on external structure (more significant highs/lows).
These levels can help you determine whether an FVG is forming within a consolidation, breakout, or key structural transition.
✅ Use Case (My Personal Workflow)
I personally use this indicator to:
Filter out weak or irrelevant FVGs using the % filters.
Watch for price interaction at swing breaks — especially when an FVG aligns with a break in internal or external structure.
Refine entry and exit planning in confluence with other tools or strategies.
⚠️ Disclaimer
This indicator is not financial advice. It is a technical analysis tool intended to support your own decision-making process. Always do your own research and risk management.
Opening Range Breakout🧭 Overview
The Open Range Breakout (ORB) indicator is designed to capture and display the initial price range of the trading day (typically the first 15 minutes), and help traders identify breakout opportunities beyond this range. This is a popular strategy among intraday and momentum traders.
🔧 Features
📊 ORB High/Low Lines
Plots horizontal lines for the session’s high and low
🟩 Breakout Zones
Background highlights when price breaks above or below the range
🏷️ Breakout Labels
Text labels marking breakout events
🧭 Session Control
Customizable session input (default: 09:15–09:30 IST)
📍 ORB Line Labels
Text labels anchored to the ORB high and low lines (aligned right)
🔔 Alerts
Configurable alerts for breakout events
⚙️ Adjustable Settings
Show/hide background, labels, session window, etc.
⏱️ Session Logic
• The ORB range is calculated during a defined session window (default: 09:15–09:30).
• During this window, the highest high and lowest low are recorded as ORB High and ORB Low.
📈 Breakout Detection
• Breakout Above: Triggered when price crosses above the ORB High.
• Breakout Below: Triggered when price crosses below the ORB Low.
• Each breakout can trigger:
• A background highlight (green/red)
• A text label (“Breakout ↑” / “Breakout ↓”)
• An optional alert
🔔 Alerts
Two built-in alert conditions:
1. Breakout Above ORB High
• Message: "🔼 Price broke above ORB High: {{close}}"
2. Breakout Below ORB Low
• Message: "🔽 Price broke below ORB Low: {{close}}"
You can create alerts in TradingView by selecting these from the Add Alert window.
📌 Best Use Cases
• Intraday momentum trading
• Breakout and scalping strategies
• First 15-minute range traders (NSE, BSE markets)
Candle Range % vs 8-Candle AvgCandle % Indicator – Measure Candle Strength by Range %
**Overview:**
The *Candle % Indicator* helps traders visually and analytically gauge the strength or significance of a price candle relative to its recent historical context. This is particularly useful for detecting breakout moves, volatility shifts, or overextended candles that may signal exhaustion.
**What It Does:**
* Calculates the **percentage range** of the current candle compared to the **average range of the past N candles**.
* Highlights candles that exceed a user-defined threshold (e.g., 150% of the average range).
* Useful for **filtering out extreme candles** that might represent anomalies or unsustainable moves.
* Can be combined with other strategies (like EMA crossovers, support/resistance breaks, etc.) to improve signal quality.
**Use Case Examples:**
***Filter out fakeouts** in breakout strategies by ignoring candles that are overly large and may revert.
***Volatility control**: Avoid entries when market conditions are erratic.
**Confluence**: Combine with EMA or RSI signals for refined entries.
**How to Read:**
* If a candle is larger than the average range by more than the set percentage (default 150%), it's flagged (e.g., no entry signal or optional visual marker).
* Ideal for intraday, swing, or algorithmic trading setups.
**Customizable Inputs:**
**Lookback Period**: Number of previous candles to calculate the average range.
**% Threshold**: Maximum percentage a candle can exceed the average before being filtered or marked.
15-Min Opening Range Breakout STEP-BY-STEP RULES
1. Define the Opening Range (OR)
Mark the high and low of the first 15-minute candle of the session.
This creates your Opening Range.
Example: London session opens at 08:00 GMT. Use the 08:00–08:15 candle.
2. Set Entry Triggers
Buy Breakout: Place a Buy Stop order 1 pip above the Opening Range high.
Sell Breakout: Place a Sell Stop order 1 pip below the Opening Range low.
⚠️ Only one side should be triggered. Cancel the opposite order once one is active.
3. Set Stop Loss (SL)
For Buy trades:
SL = Opening Range Low - 2 pips
For Sell trades:
SL = Opening Range High + 2 pips
This ensures you give the price enough space, while keeping risk controlled.
4. Set Take Profit (TP)
Use either of these two approaches:
✅ Fixed Risk-Reward (Preferred)
Target 1: TP = 2R (i.e., 2 × SL distance)
Target 2 (optional): Leave runner for 3R or trail stop behind minor S/R
✅ Fixed Pip Target (alternative)
TP = +50 pips
SL = -20 pips
Matches your preferred risk model of 20 SL / 50 TP
5. Trade Management
If no breakout occurs within 1 hour, cancel the pending orders. No trade that day.
If trade triggers but fails to move, consider time-based exit after 2 hours.
Optional: Move SL to breakeven once price moves 1R in your favor.
Monday Range (Lines) with Fib LevelsMonday Range with Fibonacci Levels Indicator - Description
This advanced TradingView indicator combines the power of Monday Range analysis with Fibonacci extension levels to help traders identify key weekly support and resistance zones.
Key Features:
Monday Range Detection:
Automatically detects and plots the high and low of each Monday's trading range (configurable for Sunday open markets)
Displays customizable horizontal lines for the weekly opening range
Adjustable lookback period (1-52 weeks)
Fibonacci Extension Levels:
Plots 9 key Fibonacci levels (-1.618, -1.272, -0.618, 0, 0.5, 1, 1.618, 2.272, 2.618) relative to Monday's range
Each Fib level is fully customizable (color, visibility, label)
Negative Fib levels extend below Monday low for potential reversal zones
Customizable Visuals:
Choose between solid, dotted or dashed line styles
Adjustable line thickness and colors
Configurable label text and positioning
Toggle individual elements on/off as needed
How Traders Use It:
Swing Traders: Identify weekly support/resistance levels for trade entries and exits
Breakout Traders: Watch for price reactions at Fibonacci extension levels beyond Monday's range
Mean Reversion Traders: Use negative Fib levels as potential reversal zones
Institutional Flow Analysis: Monitor how price reacts at key weekly levels
Settings Overview:
Market Open Day selection (Sunday/Monday)
Number of historical weeks to display (1-52)
Complete styling control for all lines and labels
Individual toggle controls for each Fibonacci level
Why It's Unique:
This indicator provides a rare combination of institutional weekly range analysis with mathematically precise Fibonacci extensions, giving traders a complete picture of both standard and extended price reaction zones that develop from the weekly opening range.
Perfect for forex, crypto, and index traders who want to incorporate weekly opening range strategies with Fibonacci price projection techniques.
Body Percentage of Range (Colored)Short Description:
This indicator measures the dominance of the candle's body relative to its total range (High - Low), providing a visual gauge of intra-candle strength versus indecision. Columns are colored based on whether the body constitutes more or less than a defined percentage (default 50%) of the candle's total height.
Detailed Description:
What it Does:
The "Body Percentage of Range" indicator calculates, for each candle, what percentage of the total price range (High minus Low) is occupied by the candle's body (absolute difference between Open and Close).
A value of 100% means the candle has no wicks (a Marubozu), indicating strong conviction during that period.
A value of 0% means the candle has no body (a Doji), indicating perfect indecision.
Values in between show the relative balance between the directional move (body) and the price exploration/rejection (wicks).
How to Interpret:
The indicator plots this percentage as columns:
Column Height: Represents the percentage of the body relative to the total range. Higher columns indicate a larger body dominance.
Column Color:
Green Columns: Appear when the body percentage is above the user-defined threshold (default 50%). This suggests that the directional move within the candle was stronger than the indecision (wicks). Often seen during trending moves or strong momentum candles.
Red Columns: Appear when the body percentage is at or below the user-defined threshold (default 50%). This suggests that wicks dominate the candle (body is 50% or less of the range), indicating significant indecision, struggle between buyers and sellers, or potential reversals. These are common in choppy, consolidating, or reversal market conditions.
Orange Line (Optional MA): A Simple Moving Average (SMA) of the body percentages is plotted to help smooth the readings and identify broader periods where candle structure indicates more trending (high MA) vs. ranging/indecisive (low MA) characteristics.
Potential Use Cases:
Identifying Choppy vs. Trending Markets: Sustained periods of low, predominantly red columns (and often a low/declining MA) can signal a choppy, range-bound market where trend-following strategies might underperform. Conversely, periods with frequent high, green columns suggest a more trending environment.
Confirming Breakouts/Momentum: High green columns appearing alongside increased volume during a breakout can add conviction to the move's strength.
Spotting Potential Exhaustion/Reversals: A very tall green column after a strong trend, followed immediately by a low red column (like a Doji or Spinning Top pattern appearing on the price chart), might signal potential exhaustion or a pending reversal, indicating indecision has suddenly entered the market.
Filtering Entries: Traders might avoid taking entries (especially trend-following ones) when the indicator shows a consistent pattern of low red columns, suggesting high market indecision.
Settings:
Color Threshold %: Allows you to set the percentage level above which columns turn green (default is 50%).
Smoothing MA Length: Adjusts the lookback period for the Simple Moving Average.
Disclaimer:
This indicator is a tool for technical analysis and should be used in conjunction with other methods (like price action, volume analysis, other indicators) and robust risk management. It does not provide direct buy/sell signals and past performance is not indicative of future results.
BBr1 Candle Range Volitility Gap IndicatorModified Candle Range Volatility Gap Indicator
1. Useful to analyze bars body and wicks and volatility of security.
2. Added a Percentage Option - easier to analyze across different securities.
2. Added a Standard Deviation ("1 std dev= 68.2%, 2 std dev=95.4%, 3 std dev=99.7%, etc") based upon user defined lookback period.
3. Added the ability to include Gaps in Analysis. (Gaps are when the prior closing cost does not equal opening price)
4. Possible Uses setting up stop losses, trailing entries/exits (inside range or outside range).
5. Use it with other indicators in determining if to make an entry or close entry.
Reposted Original Description by © ka66 Kamal Advani
Visually shows the Body Range (open to close) and Candle Range (high to low).
Semi-transparent overlapping area is the full Candle Range, and fully-opaque smaller area is the Body Range. For aesthetics and visual consistency, Candle Range follows the direction of the Body Range, even though technically it's always positive (high - low).
The different plots for each range type also means the UI will allow deselecting one or the other as needed. For example, some strategies may care only about the Body Range, rather than the entire Candle Range, so the latter can be hidden to reduce noise.
Threshold horizontal lines are plotted, so the trader can modify these high and low levels as needed through the user interface. These need to be configured to match the instrument's price range levels for the timeframe. The defaults are pretty arbitrary for +/- 0.0080 (80 pips in a 4-decimal place forex pair). Where a range reaches or exceeds a threshold, it's visually marked as well with a shape at the Body or Candle peak, to assist with quicker visual potential setup scanning, for example, to anticipate a following reversal or continuation.
Dynamic 50% Indicator of the selected range!This is a indicator which shows you the 50% level of the selected timeframe range. This is a good tool because price tends to bounce of of 50% levels.
Introducing the 50% Range Level Indicator, designed for traders who seek accuracy and strategic insights in their market analysis. This tool calculates and visually displays the midpoint (50% level) of any selected price range, helping you identify key equilibrium zones where price action often reacts.
Why Use This Indicator?
Key Market Equilibrium – The 50% level is a crucial reference point where price often consolidates, reverses, or gathers momentum.
Custom Range Selection – Simply select your desired price range, and the indicator will dynamically plot the midpoint.
Enhance Your Trading Strategy – Use it for support & resistance confirmation, retracement analysis, or confluence with other indicators.
Works on All Timeframes & Assets – Suitable for stocks, forex, crypto, and indices.
Gain an Edge in the Market
Whether you’re a day trader, swing trader, or long-term investor, the 50% Range Level Indicator can enhance your technical analysis and decision-making.
