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Smart Ranges
📌 Indicator Name
Smart Ranges – High, Mid & Low Zone Indicator
🎯 Purpose of the Indicator
The Ranges indicator automatically identifies and visualizes High Range, Mid Range, and Low Range price zones based on recent market structure.
It helps traders:
Identify premium (high) and discount (low) price areas
Understand where price is trading relative to its recent range
Improve decision-making for entries, exits, and risk management
⚙️ How the Indicator Works (Logic)
The indicator looks back over a fixed number of candles (default: 130).
It calculates:
Highest High → High Range
Lowest Low → Low Range
Midpoint → Mid Range
These levels are projected forward into future candles to act as reference zones.
A small ATR-based buffer is used to create slim, clean zone boxes instead of thick bands.
📊 Zones Explained
🟣 High Range (Premium Zone)
Based on the highest price in the lookback period
Represents a premium or upper extreme
Often used for:
Profit-taking
Short setups
Watching for reversals
⚪ Mid Range (Equilibrium Zone)
The average between high and low range
Acts as a balance or decision area
Price often reacts here before choosing direction
🟢 Low Range (Discount Zone)
Based on the lowest price in the lookback period
Represents a discount or lower extreme
Often used for:
Long setups
Accumulation areas
Bounce or reversal zones
📐 Inputs & Settings
Zone Lookback Length
Controls how many past candles are used to calculate ranges
(Default: 130)
Zone Forward Extension
Determines how far the zones project into the future
(Default: 30)
Zone Colors
Customize colors for High, Mid, and Low ranges
EMA 15 (Optional)
A short-term EMA can be displayed for trend context
(Disabled by default)
🧭 How to Use the Indicator
Add the indicator to your chart
Observe where price is trading:
Near Low Range → Discount area
Near Mid Range → Neutral / balance
Near High Range → Premium area
Use the zones as context, not signals:
Combine with price action
Use with trend, structure, or volume tools
Best results come when aligned with:
Higher timeframe bias
Market structure
Session behavior
🧪 Example
If price moves into the High Range zone after a strong rally, it may signal:
Reduced upside potential
Possible consolidation or reversal
If price enters the Low Range zone, it may indicate:
Discount pricing
Potential long opportunities (with confirmation)
⚠️ Important Notes & Limitations
This indicator does not repaint once the zone is drawn
Zones update only on the last bar
Should not be used as a standalone trading system
Always use proper risk management
📄 Disclaimer
This indicator is for educational and informational purposes only.
It does not constitute financial advice. Trading involves risk.
Smart Ranges – High, Mid & Low Zone Indicator
🎯 Purpose of the Indicator
The Ranges indicator automatically identifies and visualizes High Range, Mid Range, and Low Range price zones based on recent market structure.
It helps traders:
Identify premium (high) and discount (low) price areas
Understand where price is trading relative to its recent range
Improve decision-making for entries, exits, and risk management
⚙️ How the Indicator Works (Logic)
The indicator looks back over a fixed number of candles (default: 130).
It calculates:
Highest High → High Range
Lowest Low → Low Range
Midpoint → Mid Range
These levels are projected forward into future candles to act as reference zones.
A small ATR-based buffer is used to create slim, clean zone boxes instead of thick bands.
📊 Zones Explained
🟣 High Range (Premium Zone)
Based on the highest price in the lookback period
Represents a premium or upper extreme
Often used for:
Profit-taking
Short setups
Watching for reversals
⚪ Mid Range (Equilibrium Zone)
The average between high and low range
Acts as a balance or decision area
Price often reacts here before choosing direction
🟢 Low Range (Discount Zone)
Based on the lowest price in the lookback period
Represents a discount or lower extreme
Often used for:
Long setups
Accumulation areas
Bounce or reversal zones
📐 Inputs & Settings
Zone Lookback Length
Controls how many past candles are used to calculate ranges
(Default: 130)
Zone Forward Extension
Determines how far the zones project into the future
(Default: 30)
Zone Colors
Customize colors for High, Mid, and Low ranges
EMA 15 (Optional)
A short-term EMA can be displayed for trend context
(Disabled by default)
🧭 How to Use the Indicator
Add the indicator to your chart
Observe where price is trading:
Near Low Range → Discount area
Near Mid Range → Neutral / balance
Near High Range → Premium area
Use the zones as context, not signals:
Combine with price action
Use with trend, structure, or volume tools
Best results come when aligned with:
Higher timeframe bias
Market structure
Session behavior
🧪 Example
If price moves into the High Range zone after a strong rally, it may signal:
Reduced upside potential
Possible consolidation or reversal
If price enters the Low Range zone, it may indicate:
Discount pricing
Potential long opportunities (with confirmation)
⚠️ Important Notes & Limitations
This indicator does not repaint once the zone is drawn
Zones update only on the last bar
Should not be used as a standalone trading system
Always use proper risk management
📄 Disclaimer
This indicator is for educational and informational purposes only.
It does not constitute financial advice. Trading involves risk.
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、imhafiz_botに直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
Feel free to contact the authors if you have any questions, feedback, or are interested in gaining access to the Smart Ranges Indicator. We are here to assist you in making the most of this advanced trading tool. Send a message to the TradingView inbox.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、imhafiz_botに直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
Feel free to contact the authors if you have any questions, feedback, or are interested in gaining access to the Smart Ranges Indicator. We are here to assist you in making the most of this advanced trading tool. Send a message to the TradingView inbox.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。