BTC/USD Auto S/R LevelsRelease Notes
Take your Bitcoin (BTCUSD) trading to the next level with this smart and accurate Support-Resistance indicator, designed specifically for intraday and swing traders who value clarity, precision, and speed in their decision-making.
🔍 What This Indicator Does:
✅ Automatically detects dynamic Support & Resistance levels using advanced logic tailored for BTCUSD price behavior
✅ Adapts in real time as new highs/lows are formed—no need to redraw or guess key zones
✅ Filters out noise and focuses on true, price-respected zones, improving your trade timing
✅ Works seamlessly on multiple timeframes—whether you trade the 5min for scalps or higher TFs for swing entries
🚀 Why Traders Love It:
No more guesswork—clean, minimal, and to-the-point levels
Great confluence with price action, VWAP, and volume-based strategies
Can be used for breakout trades, rejections, reversals, or even building option strategies
Zero repaint – Levels stay consistent, even after the candle closes
🔧 Built for:
Intraday Traders
BTCUSD Option Buyers & Sellers
Price Action Purists
Smart Money Concept (SMC) Followers
Anyone who wants to trade BTCUSD with clarity
💡 Pro Tip: Combine this with a momentum indicator or VWAP to build high-conviction trades with minimal noise.
頻帶和通道
Bollinger Reversão | Take 100% na Média 20🟢 Entry:
Candle 1: closes below the lower band
Candle 2: closes above the lower band
Entry is made at the high of candle 2 (stop order)
🎯 Total Take Profit (100%):
When the price reaches the 20-period average (middle Bollinger line)
🛑 Stop Loss:
It is at the low between candles 1 and 2 (as before)
Top Bottom Strategy with VWAP & Targets📌 Strategy Logic
1. Top & Bottom Detection
Bottom Detection: Finds when the current low is lower than the previous lows over a specified period (per).
Top Detection: Finds when the current high is higher than the previous highs over a specified period (per2).
Signals:
BUY (CALL) when bottoms start dominating (crossover).
SELL (PUT) when tops start dominating (crossunder).
2. VWAP Confirmation
Uses VWAP (Volume-Weighted Average Price) to confirm trend direction.
Helps filter out false signals by checking if price is above/below VWAP.
3. Risk Management
Stop Loss (%): Adjustable percentage-based stop loss.
Three Profit Targets:
Target 1: Quick exit (50% position closed).
Target 2: Medium-term exit (30% position closed).
Target 3: Long-term exit (20% position closed).
4. Visual Enhancements
Background Color: Blue for bullish (BUY), Red for bearish (SELL).
Entry, Stop Loss & Targets: Clearly marked on the chart.
Labels: Shows exact price levels for easy tracking.
🎯 How to Use This Strategy?
✅ Best for: Swing trading, intraday trading (adjust timeframes accordingly).
✅ Works well on: Stocks, Forex, Crypto (test on multiple assets).
✅ Recommended Timeframes: 15min, 30min, 1H, 4H (avoid very low TFs for fewer false signals).
⚙️ Customizable Inputs
Bottom/Top Period: Adjust sensitivity (default = 14).
Stop Loss & Targets: Modify based on volatility.
VWAP Source: Can be changed (default = HLC3).
🔴🟢 Entry & Exit Rules
Signal Condition Action
BUY (CALL) Bottom crossover detected + Price above VWAP Enter Long
SELL (PUT) Top crossunder detected + Price below VWAP Enter Short
Exit Hits Stop Loss or any Profit Target Close Position
📊 Performance Tips
Combine with Trend Filter: Only trade in the direction of higher timeframe trends.
Avoid Choppy Markets: Works best in trending conditions.
Backtest & Optimize: Adjust periods & targets for different assets.
🚀 Final Thoughts
This strategy helps traders identify reversals early while managing risk effectively. It works best when combined with additional confirmation (e.g., RSI, MACD, or trend lines).
👉 Try it on TradingView & optimize for your trading style! 🚀
WRAMA Channel (Weighted RSI ATR MA)OVERVIEW
The WRAMA Channel (Weighted RSI ATR MA) is an advanced technical analysis tool designed to react more quickly to price movements compared to indicators using conventional moving averages. It combines the Relative Strength Index (RSI), Average True Range (ATR), and a weighted moving average, resulting in the WRAMA. This indicator forms a dynamic price channel based on a weighted average that incorporates both trend strength (via RSI) and market volatility (via ATR). It helps traders identify trends, potential reversals, and breakout signals, while offering broad customization options.
Key Features
WRAMA Price Channel:
Generates a dynamic channel around the weighted moving average (WRAMA), adapting to market volatility and momentum, similar to Bollinger Bands. Users are encouraged to adjust channel width and length according to their strategy.
The upper and lower channel bands are calculated based on a percentage deviation from the baseline line.
The channel fill color changes depending on the price's position relative to the baseline (green above, red below), with an optional gradient for better visualization.
Weighted Moving Average (WRAMA):
WRAMA is a custom weighted moving average (MA1), where closing prices are weighted based on RSI and ATR, allowing it to dynamically adapt to market conditions.
Baseline: The WRAMA line calculated over a user-defined period.
WRAMA Calculation:
RSI Weight: Based on RSI value. When RSI is in extreme zones (below the lower threshold or above the upper threshold), an extreme weight is applied. Otherwise, the weight is based on the squared RSI value divided by 100, raised to a power defined by the rsi_weight_factor.
ATR Weight: Based on the ATR-to-average-ATR ratio. If ATR exceeds a threshold (atr_threshold × avg_atr), an extreme weight is applied. Otherwise, the weight is based on the squared ratio of ATR to average ATR, raised to the power of the atr_weight_factor.
Combined Weight: RSI and ATR weights are combined using a rsi_atr_balance parameter. Final weight = RSI weight × balance + ATR weight × (1 - balance).
WRAMA Calculation: The closing price is multiplied by the combined weight. The result is averaged over the ma_length period and divided by the average of the weights, forming the WRAMA line. For current WRAMA (ma_length = 1), the calculation simplifies to a single weighted price.
Additional Moving Averages:
For additional confirmations, the indicator supports up to five moving averages (MA1–MA5) with various types (SMA, EMA, WMA, HMA, ALMA) and customizable periods.
All additional MAs are calculated based on WRAMA or its baseline, ensuring consistency and enabling deeper analysis within a unified methodology. MA trend directions can be tracked in a built-in signal table.
Trading Signals:
Breakout Signals: Breakouts above/below the channel are optionally marked with triangle shapes (green for bullish, red for bearish).
MA Signals: Price position relative to MAs or their slope generates bullish/bearish signals. These are optionally visualized with default triangles (green up, red down).
A signal table in the top-right corner summarizes the status of each moving average – bullish, bearish, or neutral.
Customization Options
Channel Settings:
MA Period: Length of the WRAMA baseline (default: 100).
Channel Deviation : Percentage offset from the baseline for upper/lower bands (default: 1.5%).
RSI Settings:
RSI Period: Length of the RSI calculation (default: 14).
RSI Upper/Lower Threshold: Overbought/oversold levels (default: 70/30).
RSI Weight Factor: Influence of RSI on weighting (default: 2.0).
ATR Settings:
ATR Period: ATR calculation length (default: 14).
ATR Threshold: Volatility threshold as a multiple of average ATR (default: 1.5).
ATR Weight Factor: Influence of ATR on weighting (default: 2.0).
RSI & ATR Combined:
Extreme Weight: Weight applied in extreme RSI/ATR conditions (default: 3.0).
RSI/ATR Balance: Balance between RSI and ATR influence (default: 0.5).
Signal Settings:
Show Breakout Signals: Enable/disable breakout triangles.
Show MA Signals: Enable/disable MA-based signals.
MA Signal Source: Choose between current WRAMA or baseline.
MA Signal Analysis: Based on price position or slope.
Neutral Threshold : Minimum distance from MA for signal neutrality (default: 0.5%).
Minimum MA Slope : Minimum slope for trend direction signals (default: 0.01%).
Moving Averages (MA1–MA5):
Options to enable/disable, select type (SMA, EMA, WMA, HMA, ALMA), set period length, and choose color.
Style Settings:
Gradient Fill: Enable/disable gradient coloring within the channel.
Show Baseline: Enable/disable WRAMA baseline visibility.
Colors: Customize line, fill, and signal colors.
Use Cases
Trend Identification: The WRAMA channel highlights trend direction and potential reversal zones when price contacts the channel edges.
Breakout Signals: Channel breakouts may indicate trend shifts or momentum surges.
MA Analysis: The signal table provides a clear summary of market direction (bullish, bearish, or neutral) based on selected moving averages.
Trading Strategies: Suitable for trend-following, mean-reversion, and scalping strategies, depending on user preferences and settings.
Notes
The indicator offers a high degree of flexibility, making it adaptable to various trading styles, instruments, and timeframes.
It is recommended to adjust channel length and width to fit your trading strategy.
Backtesting settings on historical data is advised to optimize parameters for a specific strategy and market.
ZY Legend İndikatörü 2ZY Legend Indicator 2 is a signal indicator that allows trend following by showing the profit rate of the last signal. When a signal appears on the indicator, the profit rate shown next to the signal is the highest profit rate reached by the previous signal.
RSI(2) com Saída por Tempo OU Alvo (máx 2 barras antes)
RSI(2) entry with MA200
Close after 5 days or
Exit if it reaches the high of the 2 candles prior to entry
Everything visual and ready for backtest
Indicador Niñato estafador"Tesla scalping strategy using multi-timeframe RSI and EMA45 breakout with visual trade tracking, take profit and stop loss."
Combined Trading Indicator - SR + Fibonacci + SupertrendThis script integrates Fibonacci retracement levels with dynamic support and resistance zones to provide a comprehensive technical analysis tool. It automatically identifies key pivot points to draw Fibonacci retracements and highlights significant support and resistance levels based on historical price action. Traders can use this script to anticipate potential reversal zones, entry and exit points, and validate market trends. The combination of Fibonacci and support/resistance enhances decision-making by visually marking critical price areas on the chart.
Finance Nirvana Buy/Sell Signals Generator V1.2Finance Nirvana Buy Sell Indicator combines multiple layers of analysis into a single, streamlined overlay. It plots key trend and volatility structures—EMAs and Bollinger Bands—while computing a fast, zero-lag EMA (ZLEMA20) for more responsive trend detection. Extreme RSI and volume events are flagged directly on the chart, and classic two-bar price-action (Buy / Sell) signals are only triggered when confirmed by ATR-based volatility breakouts, ADX trend strength, dynamic RSI momentum filters, and volume confirmations. A multit imeframe alignment table shows both “bullish vs. bearish” status and live RSI readings across 5m, 15m, 60m, 240m, and daily frames, and intraday pivot, support, and resistance levels are drawn for easy reference.
table added to show live level + Todays n yesterday high n low levels
Bollinger 2-Candle Reversão | Entrada parcial
New simplified logic:
🟢 Entry:
Candle 1: closes below the lower band
Candle 2: closes above the lower band
Entry is made at the high of candle 2 (stop order)
🎯 Total Take Profit (100%):
When the price reaches the 20-period average (middle Bollinger line)
🛑 Stop Loss:
It is at the low between candles 1 and 2 (as before)
SPY-ES & QQQ-NQ Live Ratiothis shows the live ratios of SPY and QQQs o you can easily convert them into ES and NQ levels
Vùng đỉnh đáy chính + Bob Volman (Dữ liệu H1)This indicator combines two powerful components into one tool designed for traders who rely on multi-timeframe structure and price action:
🔹 1. H1 Break-Based Swing Zone Detection
Identifies key swing highs and lows based on H1 "break candle" logic — where a candle closes beyond the wick of the previous candle.
When a previous high or low is broken, a new range is drawn and trend context is updated:
🟢 Uptrend = price breaks above key high → green range
🔴 Downtrend = price breaks below key low → red range
⚪ Neutral = no new break → white range
Key swing points are marked with minimal dot labels on the chart for quick structure recognition.
🔹 2. Bob Volman-Style EMAs & Engulfing Signals (from H1)
Applies EMA 15, 21, and 35 from the H1 timeframe to reflect market bias and volatility.
Highlights the area between EMA 15 and EMA 35 with a colored fill to visualize momentum:
Green = bullish bias
Red = bearish bias
Detects classic Bullish and Bearish Engulfing Candles on H1 and marks them with arrows:
🔽 Red arrow = bearish engulfing
🔼 Green arrow = bullish engulfing
High-Low Range % – poslední 2 periodyHere’s a ready-to-use **English description** for publishing your script on TradingView:
---
## 📈 **High-Low Range % – Last 2 Periods**
This indicator calculates and visualizes the **percentage range** between the **High and Low** of the last **two closed periods** (daily, weekly, or monthly – user selectable).
### 🔍 Features:
* Displays the **High–Low range in %** for each of the **two most recent completed candles**.
* **Highlights** the range label if it exceeds a user-defined threshold (e.g., 10%).
* Allows switching between **daily, weekly, or monthly** timeframe bases.
* User controls for:
* Range threshold
* Label color (normal and highlighted)
* Label text size
* Vertical label offset above the High
### ⚙️ Inputs:
* **Timeframe**: Select between `"D"`, `"W"`, or `"M"` to define the range period.
* **Threshold (%)**: If the range exceeds this value, the label changes color.
* **Highlight Color**: Color for ranges above the threshold.
* **Normal Color**: Color for ranges below the threshold.
* **Text Size**: Tiny → Huge label size.
* **Offset**: Distance in ticks to place the label above the period's High.
### 🖼 Visual Output:
* A label placed **just above the High** of the respective candle.
* High and Low levels of the selected period are plotted as horizontal lines.
* Only the **two most recent closed periods** are displayed to keep the chart clean.
---
Let me know if you'd also like a **screenshot description** or **tags** for publication (e.g., `volatility`, `range`, `BTC`, `weekly`, etc.).
Simple ## User Guide for the Simple
I. Indicator Philosophy
This indicator is not a simple system that provides only one type of signal. It is an advanced tool that analyzes the market using three independent "engines," each specializing in detecting a different type of trading opportunity. Its goal is to identify high-probability setups by filtering out market noise.
II. Legend – What You See on the Chart
Before we proceed to the signals, you need to understand what each visual element represents:
Orange Line (200 EMA): This is the main, long-term trend indicator. It acts like a river – if the price flows above it, we look for buying opportunities (LONG). If it's below, we look for selling opportunities (SHORT).
The Ribbon (green/red): Represents short-term momentum and acts as a dynamic support/resistance zone. A green ribbon suggests buying strength, while a red one suggests selling pressure.
Kijun-sen Line (blue/red): This is the medium-term "center of gravity" of the market. It shows the price equilibrium. Its position relative to the price and the ribbon is crucial for many signals.
Gray Background: This is a "NO-TRADE ZONE." It appears when the ADX indicator shows that the market is in consolidation and lacks a clear trend. Most signals are ignored in these areas.
## III. The Three Signal Engines – When to Consider a Position
The indicator generates three different types of signals, each with its own characteristics and risk profile.
1. LONG / SHORT Labels (The Pullback Engine - Conservative)
Character: Safe, conservative, trend-following. Appears the least frequently.
How it works: It looks for ideal, "textbook" conditions. For a LONG signal, all indicators must be in full alignment (price > ribbon > Kijun > orange line), the trend must be strong (high ADX), AND the price must make a pullback to the ribbon and then bounce off it.
When to consider a position: When you see this signal, you are entering a well-developed, healthy trend. It's a high-probability entry, but often not at the very beginning of the move. Ideal for traders who value safety.
2. 🔵 / 🟣 Circles (The Squeeze Engine - Moderate)
Character: Moderately aggressive, looks for the beginning of a new, dynamic move.
How it works: It searches for periods of consolidation and low volatility (when the market is "gathering energy"). The signal (a circle) appears at the moment the price breaks out of this consolidation, and the direction of the breakout is confirmed by the Kijun-sen line.
When to consider a position: When you see the price has been moving sideways for a while, and then a circle appears. This is a sign that the consolidation phase has likely ended and a new impulse is beginning. Ideal for catching "fresh" moves.
3. ⚡ Lightning Bolt (The Reversal Engine - Aggressive)
Character: Aggressive, contrarian, attempts to catch sharp reversals. This is the riskiest signal.
How it works: It ignores most of the trend filters. Its sole purpose is to find a moment where the price, after a sharp and overextended move in one direction, suddenly reverses on a strong candle with high volume.
When to consider a position: When you want to take a risk to catch the very bottom (V-bottom) or top (V-top). This signal requires the most experience. It is recommended to only take it when it appears near a significant, horizontal support or resistance level. Never take it "in a vacuum."
IV. Summary and Practical Strategy
Signal
Signal Type
Character
Ideal Market Conditions
LONG/SHORT
Pullback Entry
Conservative
A strong, developed, and healthy trend.
🔵/🟣
Squeeze Breakout
Moderate
The end of a sideways move, the beginning of a new impulse.
⚡
Sharp Reversal
Aggressive
Market panic, oversold/overbought conditions at a key S/R level.
Eksportuj do Arkuszy
FVG + RSI Sweep M15FVG + RSI Sweep M15 – Smart Liquidity Trading Indicator
This indicator is designed for high-probability intraday trading, optimized for the 15-minute timeframe (M15). It combines:
Fair Value Gap (FVG) detection – reveals price imbalance zones
RSI reversal signals – identifies overbought/oversold exhaustion
Liquidity sweep logic – confirms fakeouts beyond recent highs/lows
Time filter – focuses only on high-volume London & New York sessions
When all conditions align, it generates clean Buy/Sell signals, with automatic TP and SL levels based on risk–reward logic. Ideal for traders seeking 1–2 precise trades per day with minimal noise.
SMA Ratio w/ RSI, BB & EMAOverview:
This strategy combines signal-based trend logic with advanced volatility filters, RSI confirmation, dynamic stop-loss/take-profit levels, and higher-timeframe (HTF) trend validation. A fully visual dashboard provides live feedback on market conditions, win rates, and current signal strength.
Key Features:
🔁 Dynamic Stop-Loss/Take-Profit based on ATR and signal strength
📶 Gradient Signal Strength using custom SMA/EMA crossovers
📊 Higher Timeframe Trend Filter for directional bias
🌀 Bollinger Band Squeeze Filter to detect low-volatility breakout zones
💹 RSI Filter to avoid overbought/oversold traps
🧠 Signal Classification: Detects LH/HL Buy/Sell setups and displays them as labels (e.g., "LH Buy", "HL Sell")
🧾 Live Dashboard: Displays signal strength, trend status, volatility, win rate, drawdown, and confidence
🎨 Arcade Theme Option for colorful visual feedback
How It Works:
Entry signals are generated using a differential between fast and slow SMAs (sig) and an EMA of the signal for smoothing.
ATR and Bollinger Band widths adjust SL/TP zones based on market volatility.
Higher timeframe EMA determines bullish or bearish market bias.
Confirmations require RSI agreement and a Bollinger Band squeeze breakout.
Trade Classification Logic:
LH Buy/Sell = Lower High → potential weak reversal
HL Buy/Sell = Higher Low → potential strength after correction
These are shown with labels on the chart to help you assess trade strength visually.
Best Use:
Works on various timeframes
Suitable for trend-following strategies with volatility-based exits
Ideal for traders who want clarity and visual feedback on trade quality
⚠️ Disclaimer: This is a strategy script for educational purposes only. Always test thoroughly on demo accounts before using with real capital.
Turtle Trader SystemTurtle Trading script made by ChatGPT.
20 day Donchian Primary entry
55 day Donchian Secondary entry
10 day Donchian Trailing Stops
استراتيجية SPX الديناميكية✅ مميزات المؤشر (باختصار):
🔥 يدعم جميع النماذج الانعكاسية القوية (ابتلاع، المطرقة، النجمة، وغيرها).
✅ فلترة الاتجاه باستخدام متوسطات الفريمات العليا (ساعة و4 ساعات).
⚡ تأكيد RSI بالتباعد (Divergence) لزيادة دقة الدخول.
💥 مراقبة الحجم الذكي (Smart Volume Spike) للتأكد من قوة الحركة.
🎯 تحديد أهداف ثابتة وقابلة للتعديل.
📢 تحديد السترايك المناسب تلقائيًا مع إشارات قوية (كول أو بوت).
🟥 منطقة انعكاس محسوبة بدقة لتحديد نقاط الخروج.
🟢 صندوق معلومات مرن، قابل للتحريك لأي مكان، مع خيارات إظهار وإخفاء.
🚨 تنبيهات تلقائية لإشارات الدخول والخروج والحجم.
✍️ المؤلف:
د. هيوكا
سناب شات: MJUUX
✅ Special Features (in Brief):
🔥 Supports all strong reversal trends (engulfing, hammer, star, etc.).
🔥 Filtering by higher frame rates (1H and 4H).
⚡ RSI with divergence is definitely not a confirmed entry.
💥 Smart Volume Spike monitoring to confirm the strength of the movement.
🎯 Targets are set and adjustable.
📢 Determine the appropriate strike with strong signals (call or put).
🟥 Precisely defined reversal zone and exit points.
🟢 Flexible, movable infobox with hide and hide options.
🚨 Automatic alerts for entry and exit signals.
✍️ Author:
Dr. Hyuka
Snapchat: MJUUX
Regression Channel ExtendedBasic regression channel
Tested on QQQ 5 min interval
Edit fixedDeviationAmount based on ticker
Daily Candle Wicksوصف مؤشر الذيول اليومية (Daily Candle Wicks)
الفكرة الأساسية
يقوم هذا المؤشر برسم مناطق الذيول (الظلال) العلوية والسفلية للشمعة اليومية مباشرة على الرسم البياني. الميزة الأساسية هي أن هذه المناطق تظل مرسومة لتمثل الشمعة اليومية حتى لو كنت تستخدم إطارًا زمنيًا أصغر (مثل فريم الساعة، 15 دقيقة، أو 5 دقائق).
طريقة العمل والمكونات المرئية
يقوم المؤشر بتحديد 4 نقاط رئيسية للشمعة اليومية الحالية: (أعلى سعر High، أدنى سعر Low، سعر الافتتاح Open، وسعر الإغلاق Close). بناءً على هذه النقاط، يقوم برسم المكونات التالية:
منطقة الذيل العلوي (Upper Wick Zone):
هي المنطقة المظللة باللون الأخضر.
تمثل المسافة بين أعلى سعر وصلت له الشمعة اليومية وبداية جسم الشمعة (الجزء الأعلى من الجسم).
تُظهر هذه المنطقة مدى ضغط البيع الذي حدث بالقرب من قمة اليوم.
منطقة الذيل السفلي (Lower Wick Zone):
هي المنطقة المظللة باللون الأحمر.
تمثل المسافة بين نهاية جسم الشمعة (الجزء الأسفل من الجسم) وأدنى سعر وصلت له الشمعة اليومية.
تُظهر هذه المنطقة مدى قوة الشراء التي حدثت بالقرب من قاع اليوم.
سلوك المؤشر (مهم جدًا)
المؤشر حي ومتحرك (Repainting). هذا يعني أنه سيقوم بتحديث نفسه ورسم المناطق بشكل فوري مع كل تحديث لسعر الشمعة اليومية خلال جلسة التداول.
مثال: إذا كان أعلى سعر لليوم هو 1.0500 ثم تحرك السعر وسجل قمة جديدة عند 1.0510، فإن منطقة الذيل العلوي الخضراء سوف تتمدد للأعلى فورًا لتعكس السعر الجديد. ونفس الشيء ينطبق على الذيل السفلي.
الاستخدام والفائدة
تحديد السيولة والمناطق الهامة: يستخدم المتداولون هذا المؤشر لتحديد أعلى وأدنى سعر لليوم بسهولة، حيث تمثل هذه المستويات مناطق سيولة ومستويات دعم ومقاومة قوية داخل اليوم.
فهم سياق الإطار الزمني الكبير: يساعد المتداولين على الأطر الزمنية الصغيرة على إدراك حدود حركة السعر لليوم بأكمله، مما يساعد في اتخاذ قرارات أفضل بشأن الدخول والخروج من الصفقات.
مراقبة رفض الأسعار: حجم الذيول يعطي فكرة عن قوة البائعين (في الذيل العلوي) أو المشترين (في الذيل السفلي)
Indicator Description: Daily Candle Wicks
Core Concept
This indicator is designed to visualize the upper and lower wicks (also known as shadows) of the daily candle directly onto the main price chart. Its key feature is that it projects these daily zones onto any lower timeframe a trader is viewing, such as the 1-hour or 15-minute chart.
How It Works & Visual Components
The script fetches the daily Open, High, Low, and Close (OHLC) data and uses it to plot two distinct, colored zones:
Upper Wick Zone (Green):
This shaded green area represents the price range from the day's absolute High down to the top of the daily candle's body.
It visually highlights the extent of selling pressure that occurred near the session's peak.
Lower Wick Zone (Red):
This shaded red area represents the price range from the bottom of the daily candle's body down to the day's absolute Low.
It visually highlights the extent of buying pressure that emerged near the session's bottom.
Indicator Behavior (Important Note)
This indicator operates in real-time and repaints throughout the current trading day. This means that as the price forms a new high or low, the corresponding green or red zone will dynamically expand to mark this new level instantly. This behavior is intentional, designed to give a live view of the developing daily range.
Purpose and Use Cases
Identifying Key Levels: It offers traders a clear and automatic way to identify the daily high and low, which often serve as critical intraday support and resistance levels.
Higher-Timeframe Context: It helps intraday traders remain aware of the broader daily price action, preventing them from getting lost in lower timeframe noise.
Analyzing Price Rejection: The size of the wicks provides an immediate visual cue about the strength of price rejection at the extremes of the daily session.
