Dealers Range (HuntsPip)

Dealers Range (HuntsPip) plots the Central Bank Dealers Range (CBDR) as a session box with standard deviation expansion lines above and below, updating in real time on intraday charts. It provides traders with a framework for anticipating the highs/lows price range by measuring the tight consolidation from 2:00 PM to 8:00 PM (EST/EDT) and projecting standard deviation levels that often act as targets or reversal points during the more volatile London and New York sessions.


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█ CONCEPTS

The Central Bank Dealers Range (CBDR) is a concept used in ICT-style analysis that focuses on the price range established during a specific window of the trading day - consolidation period from 2:00 PM to 8:00 PM New York Time (EST/EDT) used to project daily highs/lows. The idea is that this relatively quiet consolidation window sets a range that can be used to project potential expansion targets for the sessions that follow.

By measuring the height of this range and projecting it as multiples above and below the range boundaries, traders create standard deviation levels that may act as reference points for the day's price action. Some traders use these projected levels to gauge how far price might expand beyond the initial range, treating them as potential areas of interest rather than fixed targets. The concept is rooted in the observation that markets tend to consolidate before expanding, and the size of the consolidation can inform expectations about the scale of the subsequent move.


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█ WHAT IT DOES

This tool identifies the dealers range session window (2:00 PM - 8:00 PM New York Time (EST/EDT)) and draws a colored box spanning the high and low of that period. As the session progresses, the box updates dynamically to reflect the evolving range. Once the session ends, the box remains on the chart as a reference.

Above and below the range box, the tool projects horizontal standard deviation lines at multiples of the range height. Up to four levels of expansion lines can be displayed in each direction, giving traders a visual framework for how far price might travel relative to the initial consolidation. The indicator automatically hides on timeframes of 4 hours and above where the range loses its intraday context.


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█ FEATURES AND USAGE

SETTINGS

• Timezone - Sets the timezone used for the session window calculation. A comprehensive list of global timezones is available in the dropdown.
  
  
• Dealers Range - A text field for the label displayed on the range box.
  
  
• SD Lines - Controls how many standard deviation expansion levels are drawn above and below the range. Range: 1-4. Each level represents one additional multiple of the range height projected from the box boundaries.
  
  
• Label Location - Sets whether the range label appears at the top or bottom of the box.
    - Top - Label anchors to the range high.
    - Bottom - Label anchors to the range low.
  
  
• Color - Controls the color used for the range box, SD lines, and label.
  
  
• Labels - Toggles the range name label on or off.
  
  
• Border - Toggles the border outline around the range box.
  
  
• Fill - Toggles the background fill inside the range box.
  

This tool works on any instrument and is designed for intraday timeframes below 4 hours. The SD expansion lines provide a framework for gauging potential price expansion relative to the consolidation range. These levels are best used as reference points alongside other analysis - such as session ranges, market structure, or key levels - rather than as fixed price targets.