Fibonacci Price Range PlotterFibonacci levels set to fixed price values based on a timeframe.
Levels show probability of turning point based on extreme price ranges.
ค้นหาในสคริปต์สำหรับ "range"
ColorPatternColorChart Range Trading...testing phase only, hence NOT for trading. To be improved further.
ADR - Average Daily Range [@treypeng] [v2]
This is an intraday indicator.
Average Daily Range provides an upper and lower level around the daily open. It is calculated by taking an EMA/SMA average of a given number of previous days' True Range.
It can be useful for helping guide support and resistance, for taking profits and for placing stops.
It's a similar idea to the ATR indicator, but calculated on a daily timeframe only.
Settings:
Length: number of days to take an average from
Offset: Set this to 0 to include today's range. Set to 1 to exclude today. Set to 2 to exclude today and yesterday.....and so on.
The other settings should be self explanatory :)
Opening asian Range 7 h FOREX.COM by Blackwolf v2.0This script is programmed for FOREX.COM with Rome Time Zone and is shows the min & max price reached in asian session every day.
Lo script mostra il massimo ed il minimo della sessione asiatica. Impostato per broker FOREX.COM e fuso orario di ROMA
Opening-RangesThis indicator will give you expansion levels of the opening range ( I recommend/use 15 min opening range) to trade futures and stocks. There are two colors used, the Fuchsia(Magenta) colored dots are the opening range added and subtracted from opening price. The Aqua(Cyan) colored dots are the opening range stacked. Like blocks. They are both respected during the day. But not as much as longer time frame fib levels.
Securities day session - Opening-Range- Jayy Opening Range (OR) for regular daytime session eg NYSE 0 930hrs to 1600 hrs.
This is not for Forex sessions which is addressed in a separate script.
This script fixes two issues:
syntax error when code compiles
flaky plotting of the opening range and targets that required page reloading
Additions:
In this code there are more more opening range time period choices at the bottom of the format dialogue box
Opening Range Targets:
Opening Range Targets as per Leaf_West
Targets are set at 127% , 162%, 200 %, 262 %, 362%, 423%, 685%, 1109% and 1794% and this can be traded intraday using methods described at charts-by-leaf.com I also have some Leaf West PDFs that describe how the targets are set and how they are traded. There are others that use opening range.
See the notes in the script for more detail.
My first opening range script originated from work done by Chris Moody. This script has changed significantly but there are small remnants of Chris Moody's script lurking within.
This script is available to all.
Cheers Jayy
2% candlePart of my strategy involves entering a trade based on a candle on a 5-min chart being < 2% (ignoring major volatility).
I got tired of calculating the range of a single candle either in my head or on a calculator, so I wrote this up. Feel free to share it.
Shows the %move of any single candle, default horizontal lines are 1% & 2%, can be changed by clicking the gear icon next to the indicator after you have added the indicator to your chart. Works on any timeframe, 5m, 1h, 1d, etc , obviously
the higher the timeframe, the larger the move.
extended session - Regular Opening-Range- JayyOpening Range and some other scripts updated to plot correctly (see comments below.) There are three variations of the fibonacci expansion beyond the opening range and retracements within the opening range of the US Market session - I have not put in the script for the other markets yet.
The three scripts have different uses and strengths:
The extended session script (with the script here below) will plot the opening range whether you are using the extended session or the regular session. (that is to say whether "ext" in the lower right hand corner is highlighted or not.). While in the extended session the opening range has some plotting issues with periods like 13 minutes or any period that is not divisible into 330 mins with a round number outcome (eg 330/60 =5.5. Therefore an hour long opening range has problems in the extended session.
The pre session script is only for the premarket. You can select any opening range period you like. I have set the opening range to be the full premarket session. If you select a different session you will have to unselect "pre open to 9:30 EST for Opening Range?" in the format section. The script defaults to 15 minutes in the "period Of Pre Opening Range?". To go back to the 4 am to 9:30 pre opening range select "pre open to 9:30 EST for Opening Range?" there is no automatic 330 minute selection.
The past days offset script only works in 5 min or 15 minute period. It will show the opening range from up to 20 days past over the current days price action. Use this for the regular session only. 0 shows the current day's opening range. Use the positive integers for number of days back ie 1, 2, 3 etc not -1, -2, -3 etc. The script is preprogrammed to use the current day (0).
Scripts updated to plot correctly: One thing they all have in common is a way of they deal with a somewhat random problem that shifts the plots 4 hours in one direction or the other ie the plot started at 9:30 EST or 1:30PM EST. This issue started to occur approximately June 22, 2015 and impacts any script that tried to use "session" times to manage a plot in my scripts. The issue now seems to have been resolved during this past week.
Just in case the problem reoccurs I have added a "Switch session plot?" to each script. If the plot looks funny check or uncheck the "Switch session plot?" and see the difference. Of course if a new issue crops up it will likely require a different fix.
I have updated all of the scripts shown on this chart. If you are using a script of mine that suffers from the compiler issue then you will find an update on this chart. You can get any and all of the scripts by clicking on the small sideways wishbone on the left middle of the chart. You will see a dialogue box. Then click "make it mine". This will import all of the scripts to your computer and you can play around with them all to decide what you want and what you don't want. This is the easiest way to get all of the scripts in one fell swoop. It is also the easiest way for me to make all of the scripts available. I do not have all of the plots visible since it is too messy and one of the scripts (pre OR) is only for the regular session. To view the scripts click on the blue eye to the right of the script title to show it on this script. If you can only use the regular session. The scripts will all (with the exception of the pre OR) work fine.
If for any reason this script seems flakey refresh the page r try a slightly different period. I have noticed that sometimes randomly the script loves to return to the 5 min OR. This is a very new issue transient issue. As always if you see an issue please let me know.
Cheers Jayy
[RS]MTF CATR Stop Hunt Levels V0EXPERIMENTAL:
Adaptation from stop hunt levels:
Uses timeframe and atr to set ranges.
Opening Range Breakout with 2 Profit Targets.Opening Range Breakout with 2 Profit Targets.
Updated Indicator now works on all Symbols with Many Different Session Options.
***Known PineScript Issue…While the Opening Range is being Formed the lines only adjust for that individual bar. Just reset Indicator after Opening Range Completes.
***All Times are Based on New York Time
Session Options Forex U.S. Banks Open (8:00), Gold U.S. Open (8:20), Oil U.S. Open (9:00), U.S. Cash Session - Stocks (9:30), NY Forex Open (17:00) , Europe Open (02:00), or if you choose Setting 0 the Session Runs from 00:00 to 00:00 (Midnight to Midnight).
***Ability to use 60 minute Opening Range, 30 minute, 15 minute, and many other options.
***However you can manually change the times in the Inputs Tab to adjust for any session you prefer. This is useful for Day Light Savings Adjustments. Also the default times work if your charts are set to EST Time. If you use A different time zone in your settings you need to Adjust the times in the inputs tab.
Initially Opening Range High and Low plot as Yellow Lines. If Price Goes Above Opening Range then Line Turns Green. If Price Goes Below Opening Range Line Turns Red.
By default the First Profit Target is 1/2 the Width of the Opening Range and the 2nd Profit Target is 1 Times the Opening Range. However these are Adjustable in the Inputs Tab.
By Default the Opening Range Length is 1 Hour. However, you can Change the Opening Range Length to 15 min, 30 min, 2 hours etc. in the Inputs Tab.
Plots a 1 Above or Below Candle when 1st Profit Target is Achieved, and a 2 when 2nd Profit Target is Achieved.
ICT Open Range Gap & 1st FVG + MNO/PDHL Title:
ICT Open Range Gap & 1st FVG + MNO/PDHL (Source Rays)
Description:
This is an enhanced version of the "ICT Open Range Gap & 1st FVG" indicator (originally by fadizeidan), modified to include essential daily institutional reference levels with precise "Source Ray" visualization.
This tool is designed to declutter your chart by keeping only the active day's levels visible while providing historical precision for Previous Day High/Low and Midnight Open.
Key Features:
1. MNO (New York Midnight Open)
Automatically captures the exact opening price at 00:00 New York Time.
Draws a level extending to the current price action to act as a bias filter (Bullish above/Bearish below).
Note: This strictly uses 00:00 ET, distinct from the Settlement/Electronic open.
2. PDH & PDL with Source Rays
Previous Day High (PDH) and Previous Day Low (PDL) are not just arbitrary horizontal lines.
Source Ray Logic: The lines originate from the exact timestamp/candle where the High or Low occurred yesterday. This helps you visualize the "origin" of the liquidity pool.
The lines automatically extend to the right of the current price.
3. ICT Open Range Gap & 1st FVG (Original Logic)
Retains the core functionality of measuring the gap between the 09:30 NY Open and the prior Close.
Identifies the first 1-minute Fair Value Gap (FVG) after the opening bell.
Includes quadrant projections (25%, 50% CE, 75%) for the opening range.
Settings:
Daily Levels (Source Rays): A new settings group allows you to toggle MNO, PDH, and PDL on/off individually.
Customization: Fully customizable colors, line styles, and labels for all levels.
Active Only: To maintain a clean chart, daily levels (MNO/PDH/PDL) are persistent for the current session only and do not clutter historical data.
Credits:
Original script logic by fadizeidan.
Modifications for MNO & PDHL Source Rays by Assistant.
MTFX Daily RangeThe MTFX Daily Range plots the Previous Day’s High, Low, Close, and Midpoint directly onto your intraday chart, along with a full suite of fractal extensions above and below the range. All levels print live with price, giving you a real-time road map without lag or repainting.
🔹 Key Features
Core levels: PDH, PDL, PDC, Midpoint, Current Open.
Fractal extensions: ±0.25, ±0.75, ±1.00, ±1.25, ±1.50, ±2.00 — capturing sweeps, expansions, and exhaustion zones.
Customisable styles: Colours, line widths, and visibility can be adjusted.
Toggle control: Levels can be switched on/off to keep charts clean.
Alerts: Wick breaks and candle closes at PD levels for instant structural awareness.
🔹 Why Fractals Matter
Most PD scripts stop at the high and low. This one goes further:
Why Most Traders Struggle With Previous Day Levels
You've seen it happen: price approaches yesterday's high, you take a breakout trade, and it immediately reverses. Or you set support at previous day's low, only to watch price slice through it like butter.
The problem? Most traders only look at PDH and PDL. They're missing the fractal structure that reveals where price actually respects levels.
The Fractal Advantage:
Markets aren't random - they're fractal. The same patterns repeat across different scales. The MTFX Daily Range indicator maps these fractal relationships using the previous day's range as the base measurement.
Contextual precision: Know instantly if price is contained, probing liquidity, or breaking out.
Exit planning: Fractals act as natural TP zones.
🔹 Benefits of Combining Daily Range with MTFX Asia Session Indicator:
Layered conviction: Asia defines the session narrative, PD Range anchors the higher‑timeframe structure.
Sweep logic: Asia sweeps at PDH/PDL are far more meaningful.
Complete narrative: Asia gives timing, PD gives structure — together they keep you out of noise.
Like this indicator? Boost it and follow for updates! 🚀
Published by Mummytrades_FX.
Jace's Range DetectionAttempts to identify when an instrument is trading in a range. It uses Price Movement %, ATR and ADX. The following parameters are configurable: Range Detection Period, Range Threshold(%), ATR Period, ATR Range Multiplier.
Time Range HighlighterThis indicator highlights up to two custom time ranges on your chart with fully adjustable settings:
🔧 Features:
Define two separate time sessions
Set custom start and end times (in any time zone)
Choose unique highlight colors and opacity for each session
Toggle each range on or off independently
Timezone input allows syncing sessions to any global market hours (e.g., UTC, Asia/Tehran, New York)
🕒 Example Use Cases:
Highlight market opening hours (e.g. NYSE: 0930–1600)
Track your personal trading hours or peak volatility sessions
Visualize specific algorithm time filters
📌 Usage:
Enter your desired timezone string (e.g., "Asia/Tehran" or "Etc/UTC")
Customize session times like "0930-1200" and "1500-1700"
Adjust colors and visibility to fit your strategy
Ideal for traders who rely on time-based setups or session overlays.
ORB - Openning Range BreakoutORB - Opening Range Breakout (Indicator)
This indicator visualizes the Opening Range Breakout (ORB) for the New York market session (9:30 AM – 4:00 PM NY), highlighting the High and Low of the first 5 minutes of the session.
Key Features:
Automatically calculates the High and Low of the 9:30 AM candle and updates if subsequent candles expand the range within the first 5 minutes.
Plots invisible lines representing the High and Low of the opening range throughout the session.
Fills the area between High and Low with a semi-transparent background, clearly showing the opening range zone.
Works on any intraday timeframe and adapts automatically to the NY session.
Perfect for breakout strategies, visually marking early support and resistance zones.
How to Use:
The shaded area between High and Low indicates the opening range.
Traders can watch for breakouts above the High or breakdowns below the Low for potential entry signals.
Can be combined with trend or volume indicators for confirmation.
Notes:
The session is automatically calculated using New York time.
Background transparency can be adjusted to your preference.
Opening Range HarmoniX
This is an all-in-one, modular toolkit designed for intraday traders, especially those focusing on the New York session. It combines a fully customizable Opening Range (OR) with a suite of essential indicators (Moving Average, VWAP, Supertrend, and Pivots) to provide a complete and clean view of the market.
All modules (indicators) can be toggled on or off individually, and the entire settings menu is fully translated in both English and Farsi (Persian).
Key Features
1. Customizable Opening Range (OR):
Range Timeframe: Set your OR timeframe (5, 15, or 30 min).
Precise Start Time: Define the exact start hour and minute (default 9:30 NY Time).
Key Levels: Includes OR High, OR Low, and a crucial Mid Line for price equilibrium.
Extension Method: Choose how lines extend: "Until NY Session Close" (16:00) or for a fixed "Number of Bars".
Full Styling: Complete control over color, width, and line style (solid, dashed, dotted) for all levels.
2. Dynamic Day Label:
Automatically displays the day of the week (in English or Farsi) and the selected OR timeframe (e.g., "Monday - 15m") at the start of the range.
3. Built-in Indicator Suite (All Toggleable):
Moving Average (MA):
Multiple Types: Choose from SMA, EMA, WMA, HMA, or VWMA.
Dynamic Coloring: MA line color automatically changes based on its upward (Uptrend) or downward (Downtrend) slope.
VWAP (Daily):
Features similar dynamic coloring to quickly identify the intraday trend bias.
Supertrend:
A classic trend-following tool with customizable ATR Period and Factor.
Dynamic trend-based coloring (uptrend/downtrend).
Pivot Points:
Classic high/low pivots with customizable lookback periods (left/right) to spot key turning points in the market.
💡 Core Concept
Use the Opening Range levels (High, Low, and Mid) as primary support/resistance and to establish the bias for the day. Then, use the additional indicators (MA, VWAP, Supertrend) to confirm trend direction and identify entry/exit opportunities in relation to the OR levels.
Inside Bar Range Boxes — Volume Break out by Sparkfx v2 Confirm on close + buffer ticks (close must beat the box by a cushion)
Minimum box size (in ATR or %)
Minimum “compression length” (N consecutive inside bars)
Trend filter (EMA 200) (only buy above / sell below)
Volume filter (breakout vol > SMA vol)
Cooldown (no new signals for X bars after a breakout)
Mother-bar range box: When a candle is inside the previous candle (high ≤ prev high AND low ≥ prev low), the script marks the previous bar as the mother bar and draws a shaded box from that bar’s high/low.
The box extends to the right until price breaks out above the high or below the low.
On breakout it can color the border (green = up, red = down), optionally print BUY/SELL labels, and either keep the box or delete it.
Visuals
Box Fill / Border / Width: appearance of the range.
Bull/Bear Break Border: colors used once a breakout is detected.
Show BUY/SELL arrows: show small labels at the breakout.
Keep old boxes after breakout: leave history on chart.
Extend box forward (bars): safety limit so boxes don’t run forever.
Shrink to each NEW inside bar: if another inside bar appears within the active box, the range tightens to that newest mother
Require bar close outside box: wait for a candle close to confirm the break (less noise).
Buffer (ticks): require price to clear the box by N ticks (prevents 1-tick fakeouts).
Min box size (ATR x) and ATR length: ignore tiny boxes (e.g., min 0.25× ATR).
Min consecutive inside bars: only start a box after 2+ consecutive inside bars (more compression = cleaner moves).
Cooldown after breakout (bars): suppress new signals for X bars after a break..
Trend filter (EMA 200):
Buy only if price > EMA(200)
Sell only if price < EMA(200)
Volume filter: breakout volume must be > SMA(volume).
Maintain box: extend right each bar; optionally shrink to newer inside bars.
Breakout test:
Up: (close or high) > boxHigh + buffer
Down: (close or low) < boxLow - buffer
Apply trend, volume, and cooldown filters.
On breakout: color border (green/red), place label if enabled, optionally keep or delete the box, and fire an alertcondition.
Alerts included
Inside Bar Bullish Breakout (Filtered)
Inside Bar Bearish Breakout (Filtered)
They only trigger when all enabled filters pass.
How to use (quick playbook)
Turn on Require close and set Buffer = 1–2 ticks.
Set Min box size = 0.25–0.40 ATR, Min consecutive inside bars = 2.
Enable Trend filter (EMA 200) and optionally Cooldown = 5–10 bars.
Trade breakouts in the trend direction; place stops beyond the opposite side of the box.
If you want more trades, loosen ATR multiple or turn off the trend filter; if it’s too chatty, increase ATR multiple / consecutive bars.
Why your boxes may differ from other indicators
This script uses high/low wicks with optional tightening (if enabled), tolerance buffer, confirmation on close, and extra filters—all of which can make boxes and signals diverge from a “pure” inside-bar tool that draws on first detection without filters.
EM Range (VIX1D PrevClose • Close & Hi/Lo, N-Day View)What this indicator does
This study projects a one-day expected move (EM) from the CBOE:VIX1D using a simple 1-σ model with 252 trading days. It visualizes the possible intraday range from three anchors and also gives a T+1 forecast using today’s real-time VIX1D:
• PrevClose ±σ (solid) – a symmetric bracket around yesterday’s close.
• Low → Upper (dashed) – the upper bound implied from today’s low.
• High → Lower (dashed) – the lower bound implied from today’s high.
• NextDay (solid, optional) – tomorrow’s expected bracket built from the current price using today’s VIX1D (intraday it updates; after the daily close it freezes to the daily close).
All ranges are plotted in points, not percentages.
How it’s computed
Let σ = (VIX1D/100)/sqrt(252) * multiplier.
• PrevClose bands: prevClose * (1 ± σ) using yesterday’s VIX1D close.
• Low → Upper: todayLow * (1 + σ) using yesterday’s VIX1D close.
• High → Lower: todayHigh * (1 − σ) using yesterday’s VIX1D close.
• NextDay (T+1): currentPrice * (1 ± σ_today) where σ_today uses today’s VIX1D (real-time via 15m/30m/60m fallbacks; after session close it uses the daily close).
What you’ll see on the chart
• Two solid lines (PrevClose ±σ), two dashed lines (from Low/High).
• Optional blue solid lines for NextDay ±σ (toggle).
• Lines are per-day segments (not infinite). Yesterday’s dashed lines are carried into today for quick context; other lines do not carry across days.
• Colors are fully configurable; defaults use a deep, high-contrast palette tuned for dark backgrounds.
N-Day history (no over-extension)
Use “Show last N days” to display previous sessions. Historical lines are drawn only within their own day (clean separation of regimes).
Compact table (top-right by default)
The on-chart table shows concise, single-line rows:
• VIX1D−1: yesterday’s VIX1D close | ±EM (points) from PrevClose
• VIX1D (RT): today’s real-time VIX1D | ±EM (points) from current price
• Prev ±σ: numeric around PrevClose
• L → Upper: today’s low and its implied upper bound
• H → Lower: today’s high and its implied lower bound
• NextDay: tomorrow’s implied from current price
• >±σ: count of daily closes that finished outside PrevClose ±σ over the last N−1 completed days (with up/down breakdown)
Inputs & options
• VIX1D symbol: default CBOE:VIX1D.
• σ multiplier: default 1.0 (try 0.5 / 1.5 / 2.0 based on your risk model).
• Show last N days: how many sessions to render (incl. today).
• Show NextDay lines (blue): on/off toggle.
• Line width and color pickers for each band type.
• Table position: top/bottom, left/right.
Works on…
• Any instrument priced in points (stocks, ETFs, futures incl. ES).
• Any timeframe. For the T+1 forecast, the price anchor is real-time on intraday charts; on higher timeframes it uses an intraday proxy (60-minute) intraday and switches to the daily close after session end.
Notes & good practice
• VIX1D is an implied daily move proxy; it’s not a guarantee. Treat bands as probabilistic, not absolute barriers.
• The outside-±σ close count is a quick sanity check on how often price exceeds the one-day expectation—useful for regime awareness and sizing.
• If your market isn’t well-described by VIX1D (e.g., non-US hours or crypto), consider substituting a more relevant vol index.
Disclaimer: This tool is for research/education only and is not financial advice. Always manage risk.
Opening Range Gaps [TakingProphets]What is an Opening Range Gap (ORG)?
In ICT, the Opening Range Gap is defined as the price difference between the previous session’s close (e.g., 4:00 PM EST in U.S. indices) and the current day’s open (9:30 AM EST).
That gap is a liquidity void—an area where no trading occurred during regular hours.
Why ICT Traders Care About ORG
Liquidity Void (Gap Fill Logic)
-Because the gap is an untraded area, it naturally acts as a draw on liquidity.
-Price often seeks to rebalance by retracing into or fully filling this void.
Premium/Discount Sensitivity
-Once the ORG is defined, ICT treats it as a mini dealing range.
-Above EQ (Consequent Encroachment) = algorithmic premium (sell-sensitive).
-Below EQ = algorithmic discount (buy-sensitive).
-Price reaction at these levels gives a precise read on institutional intent intraday.
Support/Resistance from ORG
-If the session opens above prior close, the gap often acts as support until violated.
-If the session opens below prior close, the gap often acts as resistance until reclaimed.
Key ICT Concepts Anchored to ORG
Consequent Encroachment (CE): The midpoint of the gap. The algo is highly sensitive to CE as a decision point: reject → continuation; reclaim → reversal.
Draw on Liquidity (DoL): Price is algorithmically “pulled” toward gap fills, CE, or the opposite side of the ORG.
Order Flow Confirmation: If price ignores the gap and runs away from it, this signals strong institutional order flow in that direction.
Confluence with Other Tools: FVGs, OBs, and HTF PD arrays often overlap with ORG levels, strengthening setups.
Practical Application for Traders
Bias Formation:
Use ORG EQ as a line in the sand for intraday bias.
If price trades below ORG EQ after the open → look for short setups into the prior day’s low or external liquidity.
If price trades above ORG EQ → favor longs into highs/liquidity pools.
Execution Framework:
Wait for liquidity raids or market structure shifts at ORG edges (.00, .25, .50, .75).
Target: EQ, opposite quarter, or full gap fill.
Precision Reads:
ORG lines let traders anticipate where algorithms are likely to respond, providing mechanical invalidation and clear targets without clutter.
Open Range Breakout (ORB) with Alerts and LabelsThis is a classic 5min ORB indicator that highlights the orb range for your chosen session. This makes it easy to reference the range later in the trading day. In addition to the original orb signals for both buy and sell you can play off that zone for powerful entries later in the session. The signals give TP1 1:1 TP2 2:1
Options
You can set the name of the session
The color of the range.
The buffer for the SL
How many entries for the orb
Sessions RangeThis script clearly displays the price ranges (High–Low) of the main sessions—Sydney, Tokyo, London, and New York—with boxes on the chart and marked levels. Level labels can display price and date (or day of the week) in the time zone of your choice (GMT).
Main Features
Boxes by session: Visually highlight the range for each session.
High/Low levels: Lines at the session extremes, with configurable length.
Smart labels: If you choose to show "on the right," only active (unmitigated) levels track the price; when mitigated, they return to their starting point, keeping the chart clean.
Flexible date: Choose between day of the month (with time) or day of the week.
Alerts (optional): Notification when a level is broken.
Notes
The time zone displayed on the labels follows the chosen GMT, regardless of the chart time zone.
You can choose to extend levels until they are mitigated or beyond, depending on your reading.
Average Daily Range TrackerAverage Daily Range Tracker
This indicator helps you measure volatility in real time by tracking the Average Daily Range (ADR) and comparing it to the current day’s price action.
🔑 Features
Calculates the ADR over a user-defined lookback period (default = 14 days).
Displays today’s developing range (High–Low) as the session unfolds.
Shows what % of the ADR has already been consumed intraday.
Visual progress bar makes it easy to see how close today is to its historical average range.
Optional ADR plot available in a separate pane.
📈 How traders use it
Spot when a market has already made its “typical” daily move.
Adjust intraday trade expectations: avoid chasing after the bulk of the move is done.
Use % of ADR consumed as a volatility filter for setups.
Combine with support/resistance to identify exhaustion zones.
⚙️ Customization
Lookback length for ADR calculation.
Progress bar size and color.
Optional toggle to plot ADR in its own panel.
Renko Open Range delta
Delta Renko-Style Indicator Guide (NQ Focus)
This indicator takes inspiration from the Renko Chart concept and is optimized for the RTH session (New York time zone), specifically applied to the Nasdaq futures (NQ) product.
If you’re unfamiliar with Renko charts, it may help to review their basics first, as this indicator borrows their clean, block-based perspective to simplify price interpretation.
⸻
🔧 How the Indicator Works
• At market open (9:30 AM EST), the indicator plots a horizontal open price line, referred to as 0 delta.
• From this anchor, it plots 10 incremental levels (deltas) both above and below the open, each spaced by 62.5 NQ points.
Why 62.5?
• With NQ currently trading in the 23,000–24,000 range, a 62.5-point move represents roughly 0.26% of the daily average range.
• This makes each delta step significant enough to capture movement while filtering out smaller noise.
A mini table (location adjustable) displays:
• Current delta zone
• Last touched delta level
This gives you a quick snapshot of where price sits relative to the open.
⸻
📈 How to Read the Market
• At the open, price typically oscillates between 0 and +1 / -1 delta.
• A break beyond this zone often signals stronger directional intent:
• Trending day: price can push into +2, +3, +4, +5 (or the inverse for downside).
• Range day: expect price to bounce between +1, 0, -1 deltas.
⚠️ Note: This is a visualization tool, not a trading system. Its purpose is to help you quickly recognize range vs. trend conditions.
⸻
📊 Example
• In this case, NQ reached +1 delta shortly after open.
• A retest of 0 delta followed, and price later surged to +5/+6 deltas (helped by Fed news).
⸻
🛠️ Practical Uses
This indicator can help you:
• Define profit targets
• Place hard stop levels
• Gauge whether a counter-trend trade is worth the risk
⚠️ Caution: Avoid counter-trend trades if price is aggressively pushing toward +5/+6 or -5/-6 deltas, as trend exhaustion usually hasn’t set in yet.
⸻
🔄 Adapting for ES (S&P Futures)
• On NQ, 62.5 points ≈ $1,250 per contract.
• For ES, this translates to 25 points.
• Since 1 NQ contract ≈ 2 ES contracts in dollar terms, an optimized ES delta step would be 12.5 points.
You may also experiment with different delta values (e.g., 50 or 31.25 for NQ) to align with your risk profile and trading style.
⸻
🧪 Extending Beyond NQ
You can experiment with applying this indicator to ES or even stocks, but non-futures assets may require additional calibration and testing.
⸻
✅ Bottom line: This tool provides a clean, Renko-inspired framework for quickly gauging trend vs. range conditions, setting realistic profit targets, and avoiding poor counter-trend setups.
