Probability indicator tradingview chart
Probability indicator tradingview chart. Directional Movement (DMI) is actually a collection of three separate indicators combined into one. May 24, 2023 · This code is a TradingView indicator that analyzes the Bank Nifty index of the Indian stock market. In summary, the "Bayesian Trend Indicator" is a powerful tool that leverages Bayesian probability theory and moving average analysis to help traders identify trend direction, assess market sentiment, and make informed trading decisions in various financial markets. It finds the candles with extreme volatility and marks the candles with high probability for a reversal of the trend. The Moving Average indicator is one of the best free indicators on Tradingview and the most popular among traders. PAI is an indicator I created that tells you the probability of current price moving a specified ATR distance over a specified number of periods into the future. Percentages are one of the most common ways to measure price movement (outside price itself). function to calculate Chebyshev Inequality. Draws probability boxes for SPY,SPX,/ES based on standard expected move calculation. The parameters are: - level: the "level" to be touched. Let the cones follow price from a set number of bars back. Apr 11, 2024 · Then consider using VWAP as an alternative to other moving average indicators. Feb 6, 2024 · TradingView's suite of free AI indicators harnesses machine learning's predictive power, offering traders advanced analytics through the Machine Learning Lorentzian Classification, kNN-based Strategy, and Logistic Regression (v. Excelling in distinctly recognising four types of Order Blocks, it provides traders with a direct and efficient method to dissect market movements and identify strategic entry points with precision 🔶 Understanding Structure Mapping This indicator introduces a unique The old trading adage remains valid for RSI as with other forms of technical analysis: the trend is your friend. It features the Kernel Regression Oscillator to display a composite of three distinct regressions, also displaying current trend. It identifies zones on the chart where demand This script is a quantitative price forecasting indicator that forecasts price changes for a given asset. The higher the Z-Score, the more "overbought" the stock is. Probability Distribution Histogram. Indicator Overview: The NBBP indicator calculates Bull Bear Power, which measures the strength of bullish Analyzing the Probabilities: The indicator calculates the probabilities of upward and downward trends and displays them in a table on the chart. Probability is measured in two angles. So for example, setting the parameter to 2 standard deviations will calculate the probability of price staying within a 2-standard-deviations-channel away from the mean (or moving average). Follow these simple steps to add the VWAP indicator: Step 1: Launch chart. In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. v3 This indicator now uses functions from our TechnicalRating library to calculate its output. I will be releasing this today, so try it out and let me know your thoughts and experiences with it Introduction Esqvair's Neural Reversal Probability Indicator is the indicator that shows probability of reversal. The ability to render the total volume of FVGs as well as bullish / bearish volume ratio is what sets this Jul 11, 2023 · 8. This indicator enhances the traditional Bull Bear Power (BBP) by adding valuable visualizations and customization options to assist traders in making informed trading decisions. The elegant and minimalistic nature of Pine Script™ has made it incredibly popular. The RSI Prime indicator provides such traders with an enhanced view of market conditions by combining various charting styles and the Relative Strength The rising wedge is a bearish chart pattern found at the end of an upward trend in financial markets. The Nadaraya-Watson Probability script offers a sophisticated tool for traders looking to incorporate statistical analysis into their trading strategy. Its Overbought and Oversold zones start at 50% and end at 100% of the selected Standard Deviation (default σ = 2), which can indicate extremely rare situations. These indicators bring sophisticated machine learning techniques to the forefront of trading, enabling precise Multi-Panel: Trade-Volatility-Probability shows user selected and volatility-based price levels and probabilities on the chart. It stores this data and these averages and plots these levels as a graph. cyatophilumที่อัปเดต: The "Trend Reversal Probability Calculator" is a TradingView indicator that calculates the probability of a trend reversal based on the crossover of multiple moving averages and the rate of change (ROC) of their slopes. Features of the Volumetric FVG Indicator : 🚩UNIQUENESS. Automatic Probability Boxes. How to use When a signal appears (by default it is a green bar), a reversal should be expected. By smoothing out price data over a specific period, moving averages help traders identify trends, gauge market sentiment, and make informed trading decisions. This powerful tool integrates multiple functionalities to offer a deep understanding of market dynamics and assist traders in making informed trading decisions across various financial markets. P (A|B) = P (B∣A) * P (A) /P (B) Nov 13, 2022 · This indicator shows the expected range of movement of price given the assumption that price is log-normally distributed. Wedge with downside slant is called falling wedge 2. Overview The Candles In Row (Expo) indicator is a powerful tool designed to track and visualize sequences of consecutive candlesticks in a price chart. This script is published closed-source but you may use it freely. Use ATR for measure range probability reversal or target line calculate by close price+- %ATR Default line and table show -100 to 100%, And the rest can add in setting tab max 200% - This release measure base on TF D, Line and Table appear on TF D and lower - Table show range %ATR ,data and difference form current price , - line price and text need to be update. 3). This indicator plots the distribution of data between different bins. Traders recognize the rising wedge as a consolidation phase after a medium to Mean reversion is an important concept in financial markets, offering traders the opportunity to capitalise on price fluctuations around a long-term average. wich can be used to compute the probability that we will diverge from what we expect to obtain. Mathematical probability is used to calculate whether starting from time X can lead to reaching prices Y1 and Y2. Whether you're looking to gauge momentum or determine the prevailing trend, this indicator offers versatile functionality tailored to the needs of active traders. Predictive Ranges was a premium feature originally released by LuxAlgo in 2020. Overall, with the assumption of normal distribution of log return, which might not always hold true, it calculates the approximate/ estimated probability that the current candles will close Apr 30, 2023 · Probability Envelopes (PBE) In the world of trading, technical analysis is vital for making informed decisions about the future direction of an asset's price. Denotes the likelihood (in percentage) of the security to close higher over time. These probabilities help traders understand the potential for price movement in either direction, forming a basis for entry or exit decisions, stop-loss placement, and strategy adjustments. Wedge with an upside slant is called a rising wedge b. Data Jun 16, 2021 · Function - Probability Chebyshev Inequality. 1. Understanding Mean Reversion Mean reversion is a theory suggesting that asset prices and About. It evaluates four critical conditions, each contributing up to 25 points to the overall probability score. This is a recreation of the work done by Michael Rechenthin aka "Dr. What it does? This takes the average of MFI, Stochastics and RSI and plots it out as an independent oscillator. a. Whenever we’re unsure about the outcome of an event, we can talk about the probabilities of certain outcomes—how likely they are. Deriving the indicator: PAI is an indicator I created that tells you the probability of current price moving a specified ATR distance over a specified number of periods into the future. In the chart below, consider the yellow circles flagging OS signals that could have been effective in the Nasdaq 100's uptrend in 2021. Six different discretionarily Pivot Point Bias strategies utilizing Midpoint Pivot Points in bullish and bearish variants: Standard, Range, Continuation, Counter Trend, Expansion, and Extension. We are first creating an instance of the class Chart May 29, 2023 · RSI Primed combines candlesticks, patterns, and the classic RSI indicator for advanced market trend indications Introduction Technical traders are always looking for innovative methods to pinpoint potential entry and exit points in the market. It then tracks bullish vs bearish instances. Bayes' theorem thus gives the probability of an event based on new information that is, or may be related, to that event. - This number should be Bayesian Trend Indicator Overview: In probability theory and statistics, Bayes' theorem (alternatively Bayes' law or Bayes' rule), named after Thomas Bayes, describes the probability of an event, based on prior knowledge of conditions that might be related to the event. Assuming you have a good probability set up, a stop loss allows you to sleep peacefully because a stop loss deletes the stress and allows you doing activities other than trading. ===== Formula For Bayes' Theorem: P(Bull|Bear) = P(Bear∣Bull) * P(Bull) / P(Bear) where: Bull and Bear are events and P is probability P(Bull|Bear) is the posterior probability, the probability of Bull after taking into account Bear P(Bear∣Bull) is the conditional probability or likelihood Bayes' theorem provides a way to revise existing predictions or theories (update probabilities) given new or additional evidence. If you want more signals, you must lower the threshold, if less, you Nov 1, 2020 · This indicator is an on-chart version of my other indicator called Probability of ATR Index (PAI) that was published on October 16th 2020. It uses various inputs to customize the indicator's appearance and analysis, such as enabling analysis based on the chart's timeframe, detecting bullish and bearish engulfing candles, and setting the table position and style. . Z-Score is not only useful for measuring a ticker or any other variable’s distance from the mean, it is also useful to calculate general probability in a normal Dec 28, 2023 · The lower one is the Base Chart - This Indicator. May 29, 2023 · The "Candle Pattern Probability" indicator is a technical analysis tool designed specifically for traders who want to assess the probability of success for different candlestick patterns in the financial markets. " The indicator measures the probability of three key events: Change of Aug 9, 2023 · The Candles In Row (Expo) indicator is a powerful tool designed to track and visualize sequences of consecutive candlesticks in a price chart. This indicator is designed to help 76. It is based on historical data and past patterns to calculate the probability of a significant price rise or sharp decline following an Inside Day. It is the opposite of the bullish falling wedge pattern that occurs at the end of a downtrend. May 28, 2023 · The "Candle Pattern Probability" indicator is a technical analysis tool designed specifically for traders who want to assess the probability of success for different candlestick patterns in the financial markets. With such a relatively small number of companies within the index it still represents over 60% of the free float market capitalization of the stocks listed on Jan 18, 2023 · This indicator is able to show ranges, the equlibrium (50%) and range deviations. This info isn't a recommendation for what you should personally do, so please don't take Introducing a brand new Fair Value Gaps (FVG) indicator, now with Volumetric Zones! You can now see the total volume of FVG zones, as well as their bullish & bearish volume ratio. The graph depicts The "Pump and Dump Probability" indicator is designed to provide traders with a probability score to detect potential pump and dump schemes in the market. juicySkew. 36. Change the how many bars the cones will lookback and sample in their calculations. ===== Formula For Bayes' Theorem: P(Bull|Bear) = P(Bear∣Bull) * P(Bull) / P(Bear) where: Bull and Bear are events and P is probability P(Bull|Bear) is the posterior probability, the probability of Bull after taking into account Bear P(Bear∣Bull) is the conditional probability or likelihood Apr 27, 2023 · In conclusion, the Bar Move Probability (BMP) indicator is a powerful and customizable tool that can help you gain a statistical edge in your trading. As a result, you're looking at the world's largest curated repository of indicators and strategies, our 100,000-strong Feb 25, 2022 · OVERVIEW This indicator shows bullish and bearish reversal signal candles. May 3, 2018. " This tool calculates the likelihood of smart money being actively engaged in buying or selling within the market, referred to as the "smart money order flow. The lower the z-score, the more "oversold" the stock is. Jul 1, 2023 · Understanding Moving Averages: A Powerful Tool for Market Analysis In the world of financial analysis and trading, moving averages are among the most widely used and effective technical indicators. Nov 1, 2023 · This indicator is designed to provide traders with insights into market sentiment and potential trend reversals. It is important to note Dec 18, 2023 · The True SMC Indicator is specifically designed for structure mapping and the identification of high-probability Order Blocks. This is the momentum based probability indicator. Cheers to the author! Oct 18, 2020 · Probability Function calculates the probability of a data point (price) falling within a certain number of standard deviations away from the mean. One such tool is the use of indicators, mathematical calculations that can help traders predict market trends. Directional Movement consists of the Average Directional Index (ADX), Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Supplementary Chart A: Example of RSI OS Conditions That Align with an Uptrend and Key Support The "Trend Reversal Probability Calculator" is a TradingView indicator that calculates the probability of a trend reversal based on the crossover of multiple moving averages and the rate of change (ROC) of their slopes. 37. Pivot Points Support and Resistance. The "Bayesian Trend Indicator" is a sophisticated technical analysis tool designed to assess the direction of price trends in This script is published closed-source but you may use it freely. A "touch" means that price exceeded that level at some point. 👉The indicator high and low of the initial 30-minute period and plotting them as horizontal lines on the chart. set(hist_df) chart. ADX's purposes is to define whether or not there is a trend present. May 9, 2023 · A smart money concept indicator on TradingView is explained in this video which is one of the best and most accurate smart money concept indicator that can b An indicator which attempts to assert the probability of the trend based on a given Sample Size and Look-Back Confirmation Size. The Advanced Golden and Death Crossover Indicator offers traders a powerful tool for identifying potential buy and sell signals through the classic technical analysis method of moving average crossovers. This indicator intelligently combines Average True Range (ATR) and recent price action to provide a probabilistic insight into potential future price movements TradingView India. TradingView India. In addition, the indicator displays an additional four levels above Nov 27, 2020 · Wrong. You need to know how to place your stop via proper technical analysis, which is discussed below in a simple manner. By understanding and utilizing the data presented in the script's table, traders can gain insights into market trends and volatility, aiding in decision-making processes. These Apr 1, 2022 · Here is an attempt to understand the probability of discounted price of a stock by comparing it to historical price and fundamental correlation. The transportation sector acts as a leading indicator as it is further up the value chain ahead of the final. VWAP is one of the best Tradingview indicators for day trading in my opinion. It tracks the performance of the top 50 stocks by market capitalization from 13 sectors of the Indian economy. The signal appears when the indicator value >= Threshold. The Sep 16, 2023 · Hello all, Sharing this indicator that I created and giving you the low down and details on how to use/interpret the results. I will post the link to the indicator below. Each third has distinct probability characteristics and when combined Probability Pivot Points integrates a customizable Pivot Points indicator with conditional probabilities calculated from historical occurrences. It simulates various possible price paths, showing the likelihood of different outcomes. Additionally, this indicator's results are now the same as those from the speedometers in the technical analysis summary and the "Rating" indicator in the Screener, when default settings are used. Safe trades everyone and let me know your questions and comments either here or on the indicator page itself. The "Bayesian Trend Indicator" is a sophisticated technical analysis tool designed to assess the direction of price trends in Definition. Formula For Bayes' Theorem. 44. This gauge displays a real-time technical analysis overview for your selected timeframe. - On the 3-line indicator, the mid-trend and long-trend lines crossed bullish, which means t. A probability indicator which also leverages 6 major ema means. It uses the previous 500 candles worth of data to MarketInsight Pro is an advanced trading indicator designed to provide traders with comprehensive market analysis and valuable insights on TradingView. The indicator calculates the probability of a new high or low and displays it as a level perfectly on your chart. Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha Jul 28, 2022 · Overview Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. Oct 16, 2020. This article unpacks mean reversion and explores three key trading strategies augmented by specific indicators to fine-tune entry and exit points. Warning: This script should only be used on 1 minute chart. Trading Panel: Shows trading information to take profits and stop-loss based on multiples of volatility. Uses open price and VIX to perform calculation. The Sample Size is the number of candles to include in the entire calculation. Imbalance is a market phenomenon that can lead a trader to significant profits or losses. You can use these probabilities to gain insights into the potential market direction and 8. This indicator intelligently combines Average True Range (ATR) and recent price action to provide a probabilistic insight into potential future price movements Supply and Demand is one of the core strategies used in trading. This was the result. You can favorite it to use it on a chart. Japanese candlesticks, also known as candlesticks, provide valuable information about price action within a specific time period. This script attempts to give forecasts over the range of the closed price based on the exponentially weighted volatility. The summary of Nifty 50 Index is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots. It takes into account 4 variables: the ATR & the standard deviation of price, and the 2 parameters: ATR distance and # bars (time). The model aims to forecast future prices by analyzing past data within a selected time period. Bollinger Bands consist of three bands total: an upper band, middle band, and lower band. For 0 dte only. Click on the “Indicators” button at the top of the chart and search for “pre-market breakout” in the search bar. Step 2: From the main toolbar, click Indicators, Metrics & Strategies. The Predictive Ranges indicator aims to efficiently predict future trading ranges in real-time, providing multiple effective support & resistance levels as well as indications of the current trend direction. It works great on all timeframes, but is designed for getting in and out of positions quickly using the 1 minute chart. Learn more. This Jul 28, 2021 · Probability Of Expiring Cone. Remember, no indicator is foolproof; always consider multiple data The indicator uses a combination of statistical and mathematical analysis to determine the probability that an Inside Day will result in a successful market move. It has declining volumes as the pattern progresses. This indicator, grounded in risk assessment principles, enables users to analyze potential outcomes based on the normal distribution, providing insights into market dynamics. show(block = False) It just takes as little as three lines of code to create a graph in the look of TradingView’s charting platform. The tool's flexibility allows Hello and happy Saturday! Releasing a beta RSI and Stochastic probability based indicator. Dec 8, 2023 · 1. These candlestick patterns can help identify Jan 12, 2022 · A probability cone is an indicator that forecasts a statistical distribution from a set point in time into the future. Set how many bars to forecast the cones. Moving Average Indicator. statistics educational SPX (S&P 500 Index) VIX CBOE Volatility Index voli expectedmove impliedmove. 🎲 Process. May 2, 2018. **Trend Identification Nov 21, 2023 · This is the Z-Score Probability indicator. It suggests a potential reversal in the trend. CONCEPT This indicator uses the Bollinger Bands to mark the candles with high selling/buying pressure. This script enhances decision-making by dynamically changing the chart background color in response to Golden (bullish) and Death (bearish) crossovers, providing a visual representation of the 4. Have made use of some of the new features of pine in developing this script (Such as matrix and new features of tables such as cell merge and tooltip). These candlestick patterns can help identify Breakout Probability. We have designed it to be simple to use and understand by displaying lines indicating the most likely bullish and bearish outcomes. Dec 28, 2023 · The Breakout Probability Indicator is a cutting-edge tool designed for traders looking to gauge the likelihood of price breakouts above or below current levels. In our case, the coin is (Green/Red FinnoVent 2023 12월 28. Release Notes: + Adds source input. It does this by dividing the price range – highest high minus the lowest low of a given lookback period or date range – into thirds. The Candles In Row indicator can be an Dec 28, 2023 · Add this indicator to any chart in TradingView to see the upper and lower breakout levels, each accompanied by a dynamically calculated probability percentage. Release Notes: Aug 19, 2023 · OVERVIEW This indicator automatically identifies and progressively draws daily percentage levels, normalized to the first market bar. Dow Jones Industrial Average Key Moment MACRO MONDAY Dow Transportation Average Index DJ:DJT The Dow Jones Transportation Average (DJT) is a price-weighted average of 20 key transportation stocks traded in the United States. May 5, 2016 · SPX Implied Probability of closing above/below. This indicator is designed to help traders identify potential trend reversals by providing signals when the short-term moving averages start to slope in the opposite direction Aug 2, 2021 · Probability is simply how likely something is to happen. This includes 3 multiples of standard deviation and 1 user selected level input as a multiple of standard deviation. It has four pre-defined options and one custom version. The Breakout Probability Indicator is a cutting-edge tool designed for traders looking to gauge the likelihood of price breakouts above or below current levels. Expected assumes that volatility remains static on the next bar. The aqua line is a weighted average between them. This article delves into an innovative indicator called the Probability TradingView India. Nov 28, 2023 · Here’s the code to generate a TradingView graph using the library: chart = Chart() chart. The trading volume is tilted towards the bid or ask side, but too quickly, so there are still unexecuted orders in the market. Imbalance (IMB) is a gap in fair value during moments of inefficient pricing. This is useful for both options and all styles of up/down trading methods that rely on volatility. The SPX Daily Probability Predictor is a powerful trading indicator designed exclusively for TradingView, providing traders with valuable insights into the potential movement of the S&P 500 index (SPX) on a daily basis. Feb 19, 2024 · In developing the "Likelihood of Winning - Probability Density Function (PDF)" indicator, my aim was to offer traders a statistical tool to quantify the probability of reaching target prices. 12. This indicator is hugely useful for all kinds of Traders! Breakout Probability (Expo) is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage THE INDICATOR: The Monte Carlo Future Moves (ChartPrime) indicator is designed to predict future price movements. It doesn't guarantee that a pump and dump will happen but offers a quantified metric to analyze suspicious trading activity. As many people like my original Z-Score indicator and have expressed more interest in the powers of the Z, I decided to make this indicator which shows additional powers of the Z-Score. This script is Apr 16, 2022 · The indicator works by calculating the average Z-Score between a stocks high and low. - If the red trend line is broken, the trend can change. The green dots indicate the probability given to price. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant. In reality, this may or may not be the case, so use caution when making broad assumptions Hello Friends,,, ===== This indicator is based on Bayes' Theorem and is fully based on probabilities. Select the pre-market breakout indicator from the search results and click on The Volatility Index of the S&P 500 (VIX) is a very good indicator of reversals in the S&P. The candles will paint according to the direction the NIFTY technical analysis. Interactive financial charts for analysis and generating trading ideas on TradingView! FinnoVent Dez 28, 2023. Trend Reversal Probability Calculator. Simply put, imbalance occurs when there are many To use the pre-market breakout indicator on TradingView, follow these steps: Open a chart on TradingView and select the stock you want to analyze. This indicator utilizes a sophisticated calculation method based on historical price movements, including gaps, to estimate NIFTY 50 is the main index for the National Stock Exchange of India (NSE). it can be a number of points, percentage points, or standard deviations away from the mark Overview The Smart Money Concept Probability (Expo) is an indicator developed to track the actions of institutional investors, commonly known as "smart money. The code imports an external script called BankNifty_CSM, which likely Mar 30, 2023 · FinnoVent Dec 28, 2023. May 4, 2018 · emeve89 Updated May 4, 2018. Being able to visually reference these levels helps contextualize price action, in addition to giving us a glimpse into how algos might "see" the market. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. Essentially, what we do is we look at the min and max of the entire data set to determine its range. Asia (2000-0000) ny time CBDR (1400-2000) ny time Flout (1400-0000) ny time ONS (OverNightSession) (0400-0800) chicago time Custom (you can choose the times) ICT (Inner Circle Traders) teaches, that those . During data exploration it is often useful to plot the distribution of the data one is exploring. You cannot view or modify its source code. This indicator intelligently combines Average True Range (ATR) and recent price action to provide a probabilistic insight into potential future price movements LuxAlgo Wizard Jun 29, 2023. This was the result of playing around with different theories and technicals to try and develop an indicator that would somewhat accurately predict a) direction and b) price targets. Data" from Tastytrade back in 2016 (this indicator is for SPX only) You can watch the episode where "Dr. The best example for understanding probability is flipping a coin, There are two possible outcomes—heads or tails. The probabilities are presented as percentages, representing the likelihood of each type of trend occurring. - The VIX has reached a new all-time low since 2019. Hello Friends,,, ===== This indicator is based on Bayes' Theorem and is fully based on probabilities. **Key Features:** 1. Features Forecast a Standard or Laplace distribution. How to add the indicator on Tradingview. And the code is very straightforward in nature. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. It takes into account 4 variables: the ATR & the standard deviation of price, and the 2 Jun 22, 2023 · The Probability Box Rule of Thirds, is a visual indicator that helps traders identify possible overbought and oversold conditions. By analyzing historical price data and allowing you to input your desired price, the indicator provides valuable insights into the likelihood of price movements, enabling you to make better Apr 10, 2023 · The Concept Probability Cone is a mathematical indicator designed to demonstrate the potential price range of an asset based on its historical volatility and statistical probabilities. This is a 1 Minute Scalping Indicator based purely on price action of the current candle compared to the previous candle so there is no lag from using other indicators. 7. This indicator will present the average deviation a stock has from its high and low average. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. Anchor the cones and they will not 1. Unlike most publicly available probability cone scripts, which often contain inaccuracies and oversimplifications, this tool is developed with a strong focus on precision and accuracy. Based on historical data (rather than theory), calculates the probability of a price level being "touched" within a given time frame. This indicator intelligently combines Average True Range (ATR) and recent price action to provide a probabilistic insight into potential future price movements, enhancing strategy formulation and risk management. When we have the range of the data Bayesian Trend Indicator Overview: In probability theory and statistics, Bayes' theorem (alternatively Bayes' law or Bayes' rule), named after Thomas Bayes, describes the probability of an event, based on prior knowledge of conditions that might be related to the event. The orange dots indicate the probability given to volume. + Adds zeroing input (to make the scale -100 to 100 instead of 0 to 100) + Adds (faint) highest/lowest tolerances indicators. Bullish is defined as a greater move from open to high than open to low and inverse for bearish. Scripts are trading indicators and strategies built by our community using TradingView's Pine Script™ programming language. This indicator works as dynamic support and resistance on the price chart, and along with this, some traders also use the Moving Average to identify market trends. In this article, we will delve into the 👉The indicator provided here is a technical analysis indicator for TradingView users that identifies potential breakout and breakdown opportunities on the initial 30-minute range in every trading session. Script that plots several high probability zones based on the previous day's price action. tl zp ju zi tc bj bw ej pg vy