In the price action, levels have a significant role to play. Based on the price moving above/below the levels - the underlying instrument shows some price-action in the direction of breakout/breakdown.
There are plenty of ways level can be determined. Levels are the decision point to take a trade or not. But if we make the level derivation complex, then...
This indicator dynamically display consolidation range base on three series ( high, low and close). it also display range breakout when a close occurs outside of the range. HeikinAshi and Diffrent Timeframe data can be requested to reduce the noise from the market. All setting are configurable : entryprice, takeprofits, Risk: REward, Dark Mode
A trading range which is formed during the first three trading day of any month sets an important "Month Opening Range".
The lowest price made during the first three trading days can be considered the Monthly Support level (see the green line drawn by the indicator).
The highest price made during the first three trading days can be considered the Monthly...
Shows the highest probability daily high and low for the New York session in its first hour.
Then detects the trend in which this session is likely to move during the day.
This script will use the first hour of NY session (9:30 am to 10:30 am) to determine the Defining Range between that range's highest high and lowest low.
It will also determine the Implied...
This strategy is based on Selected Candle High Low Breakout with buffer point.
You can select specific candle from input tab by giving time of that candle.
Start Hour : Hour of starting candle means from this input you can specify opening candle. Default is 9.
Start Minute: Minute of starting candle. Default is 15. Means Default opening...
Hi! WPR is the Williams percentage range indicator in my design. The main idea is that the intersection of the indicator and the moving average in the overbought and oversold zones + color highlighting gives more clear visual signals for making trading decisions based on this indicator.
This script shows the long and short points of certain Japanese bots like 'DotenKun' which use open range breakouts method.
Searching recent 18 bars as default and shows the range calculated with a factor (default k = 1.6). You can edit this condition by yourself.
When filled the long or short conditions, also shows the indicator on the price chart to help...