This indicator is able to show ranges, the equlibrium (50%) and range deviations. It has four pre-defined options and one custom version. 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 range deviations of asia,cbdr,flout can be used to find the daily high/low. TCM (The Currency Merchant) teaches, that a move out of the range often is a false move to trap traders into the wrong direction.
リリースノート
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Complete Rewrite of my previous Range Devitiation indicator
- Asia, CBDR, Flout by ICT - ONS by TCM - Custom Session
- Option for Half or Full Standard Deviations - Option to show Equlibrium - Option to toggle on/off Range Boxes and Session Start/End-Lines
Combining standard deviations of those ranges with PD-Arrays taught by ICT, this tool helps identifying the next draw on liquidity and projecting daily highs/lows.
Hello @joshuuu, Thank you for the wonderful tools that you continue to develop and share selflessly. On The Range expansion indicator, the option for Half or Full Standard Deviations under the custom session is not working. Kindly check.
LeonidasTrades
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Hi Josh, As another person mentioned - The custom session is not working fully. Is it possible to allow for 'Half' Standard Deviations on the custom section please ?
stop-hunt
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Thanks for the indicator. Could you add the prioritization. Algorithm will start at New York Midnight after all ranges drawn. It chooses most relevant range in next order CBDR -> Asia -> Flout if one of range fit into in range limits. Range will be drawn nevertheless it enabled or not. CBDR = 15-40 Asia = 20-40 Flout > 40
MiniFuturesTrading
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Look good Josh :) Only thing I noticed is that it scrunches up the chart, the overnight one doesn't. Also is it possible to extend the level lines? Thanks for adding custom time :)
joshuuu
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@MiniFuturesTrading, will have a look and see. Does it scrunch on all different sessions? Can make it so the lines get extended, yea
MiniFuturesTrading
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@joshuuu, Great :) Best would be option to extend or not. Also if you could add more range options, like 25%, 50%. Yes, only custom 9.30-10.30 doesn't crunch. Much appreciated. Great work!!!
Flout(1400-0000) ny time
On TradingView, CBDR shows from 14:00 but Flout shows from 15:00. Which one is correct?