INVITE-ONLY SCRIPT
TotM - Dynamic PIP Bands
What it is:
A lightweight intraday indicator that projects a probable daily price range (in pips) based on a weighted average of the last 7 daily ranges. It builds dynamic upper/lower bands around the current day’s evolving high/low and highlights the area where price is statistically likely to travel. Optional alerts fire once per day when price comes within ~5% of either band.
How it works
Alerts (once per day)
Two proximity alerts help you prep for potential reactions:
Each alert can fire once per day; the flags reset at the new daily candle.
A lightweight intraday indicator that projects a probable daily price range (in pips) based on a weighted average of the last 7 daily ranges. It builds dynamic upper/lower bands around the current day’s evolving high/low and highlights the area where price is statistically likely to travel. Optional alerts fire once per day when price comes within ~5% of either band.
How it works
- Non-repainting core: Daily values are pulled with a non-repainting security() wrapper, so historical levels don’t shift after the fact.
- Daily Open: Plots the current day’s Daily Open as a soft reference line.
- Weighted 7-day range model: The script computes the last 7 true ranges on the Daily timeframe, then applies linearly decreasing weights.
- Session change handling: The high/low anchors reset at the start of each new trading day.
- Dynamic bands (intraday): As the session unfolds, the script tracks today’s rolling high/low.
The shaded region between the two is the Possible Movement Range for the rest of the day.
Alerts (once per day)
Two proximity alerts help you prep for potential reactions:
- Upper proximity: Triggers when price is within ~10% of the upper band.
- Lower proximity: Triggers when price is within ~10% of the lower band.
Each alert can fire once per day; the flags reset at the new daily candle.
Tip: In TradingView, set alert on “Any alert() function call” to receive these.
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡TBela。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Please note: Beginning in early 2026, this indicator will become exclusively accessible to TotM PRO FULL members, and access will be granted only under specific conditions.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡TBela。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Please note: Beginning in early 2026, this indicator will become exclusively accessible to TotM PRO FULL members, and access will be granted only under specific conditions.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。