[INVX] Trading Range

3 วันที่ผ่านมา

[INVX] Trading Range

The “[INVX] Trading Range” indicator visualizes short-term price ranges (typically 1–2 days) based on statistical percentiles of high and low prices relative to the previous day’s close. It provides a clear view of potential support and resistance zones and includes optional EMA overlays for trend context.

Concept & Calculation

• Uses the previous daily close as a reference point.
  
• Calculates percentile-based levels for highs and lows over a configurable lookback period.
  
• Plots two resistance zones and two support zones as shaded areas.
  
• Includes up to 3 optional EMA lines for trend visualization.
  
• Trading range zones are designed for daily-based calculations. If the indicator is applied to a chart timeframe larger than 1 day (e.g., weekly, monthly), the trading range zones will not be displayed.
  

Key Features

• Short-Term Trading Range:
  Displays zones that reflect short-term price behavior (1–2 days).
  
• Percentile-Based Levels:
  Levels are calculated using percentile interpolation for highs and lows.
  
• Historical Lines Option:
  Toggle to show past levels for context.
  
• Realtime Calculation update:
  Update calculations dynamically with the current bar.
  
• EMA Overlay:
  Up to three customizable EMA lines for trend analysis.
  
• Display Line Values:
  Option to show level values on the chart with adjustable label size.
  

Trading Range Settings

• Historical Lines: Show or hide past support/resistance levels.
  
• Realtime Calculation: Enable or disable real-time updates.
  
• Display Line Values: Show numeric values for levels.
  
• Size: Adjust label size when values are displayed.
  

EMA Line Settings

• Enable/disable each EMA line.
  
• Configure length and color for each EMA.
  

Usage Tips

• Use the shaded zones as visual reference areas for short-term price interaction.
  
• Combine with other tools such as trend indicators or volume analysis to strengthen the analysis.
  
• Historical lines can help assess how price has reacted to these zones in the past.
  

Limitations & Disclaimer

• This indicator is provided for informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset.
  
• Market conditions, asset volatility, and timeframe selection may significantly affect indicator performance.
  
• Users should always validate signals with additional analysis and apply appropriate risk management strategies.
  
• Past performance is not indicative of future results. Use indicator at your own discretion and risk.
  
• Under no circumstances shall InnovestX be liable for any loss or damage you or anyone else incur as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through InnovestX or TradingView.
  

เมื่อวานซืน

เอกสารเผยแพร่

Change Log

• Fixed bugs
  
• Renamed Realtime Calculation to Next Trading Day Calculation to avoid confusion
  
• Next Trading Day Calculation Option: Calculates values for the next trading day, but only after the 1-day timeframe chart’s closing price is finalized