Math by Thomas - SMC OB + FVG📄 Description
This script is designed for traders following the Smart Money Concepts (SMC) methodology. It automatically detects:
✅ Bullish and Bearish Order Blocks (OBs) based on structural breakouts, displacement, and volume conditions.
✅ Fair Value Gaps (FVGs) using a 3-candle price imbalance model.
🔄 Both OBs and FVGs clean up dynamically when invalidated by price action.
Built with institutional logic, this tool helps identify areas of interest for potential reversals, liquidity grabs, or mitigation plays.
⚙️ How It Works
🔷 Order Blocks (OB)
A Bullish OB is marked after a Break of Structure (BOS) to the upside.
A Bearish OB is marked after BOS to the downside.
Filters like displacement candle and volume spike can be toggled in settings.
Boxes are drawn from the opposing candle in the move, and will disappear once broken or expired.
🟥 Fair Value Gaps (FVG)
FVGs are detected when the middle candle leaves a price imbalance between the first and third candle.
Zones are marked with transparent boxes.
Labels (FVG) appear only once every 20 bars to reduce clutter.
Gaps are removed only after a full candle closes through the zone (conservative logic).
🛠️ User Settings
Choose volume multiplier and ATR period for OB displacement logic.
Set box extension, label transparency, and cleanup behavior.
Full control over colors and midline display.
📈 How to Use
Apply the indicator to any chart (works best on indices, forex, crypto).
Use OBs as points of interest for potential reaction zones or mitigation setups.
Use FVGs to identify imbalances that may attract price.
Watch for confluence between OBs and FVGs for high-probability entries.
📚 Best Practice
Use on 15m–1h timeframe for clean structure.
Align with higher TF bias for direction.
Combine with liquidity sweeps, EQH/EQL, or breaker blocks for refinement.
Educational
Turtle God IndicatorThe Turtle God indicator displays a turtle icon 🐢 on the most recent candle only, helping traders track current candle behavior at a glance.
✅ Green Turtle above the candle if it’s bullish (close > open)
🔻 Red Turtle below the candle if it’s bearish (close < open)
📌 Only the latest candle is marked — no historical clutter
This tool is useful for:
Live price action observation
Real-time signal overlays
Clean chart setups with dynamic candle feedback
Magnificent 7 OscillatorThe Magnificent 7 Oscillator is a sophisticated momentum-based technical indicator designed to analyze the collective performance of the seven largest technology companies in the U.S. stock market (Apple, Microsoft, Alphabet, Amazon, NVIDIA, Tesla, and Meta). This indicator incorporates established momentum factor research and provides three distinct analytical modes: absolute momentum tracking, equal-weighted market comparison, and relative performance analysis. The tool integrates five different oscillator methodologies and includes advanced breadth analysis capabilities.
Theoretical Foundation
Momentum Factor Research
The indicator's foundation rests on seminal momentum research in financial markets. Jegadeesh and Titman (1993) demonstrated that stocks with strong price performance over 3-12 month periods tend to continue outperforming in subsequent periods¹. This momentum effect was later incorporated into formal factor models by Carhart (1997), who extended the Fama-French three-factor model to include a momentum factor (UMD - Up Minus Down)².
The momentum calculation methodology follows the academic standard:
Momentum(t) = / P(t-n) × 100
Where P(t) is the current price and n is the lookback period.
The focus on the "Magnificent 7" stocks reflects the increasing market concentration observed in recent years. Fama and French (2015) noted that a small number of large-cap stocks can drive significant market movements due to their substantial index weights³. The combined market capitalization of these seven companies often exceeds 25% of the total S&P 500, making their collective momentum a critical market indicator.
Indicator Architecture
Core Components
1. Data Collection and Processing
The indicator employs robust data collection with error handling for missing or invalid security data. Each stock's momentum is calculated independently using the specified lookback period (default: 14 periods).
2. Composite Oscillator Calculation
Following Fama-French factor construction methodology, the indicator offers two weighting schemes:
- Equal Weight: Each active stock receives identical weighting (1/n)
- Market Cap Weight: Reserved for future enhancement
3. Oscillator Transformation Functions
The indicator provides five distinct oscillator types, each with established technical analysis foundations:
a) Momentum Oscillator (Default)
- Pure rate-of-change calculation
- Centered around zero
- Direct implementation of Jegadeesh & Titman methodology
b) RSI (Relative Strength Index)
- Wilder's (1978) relative strength methodology
- Transformed to center around zero for consistency
- Scale: -50 to +50
c) Stochastic Oscillator
- George Lane's %K methodology
- Measures current position within recent range
- Transformed to center around zero
d) Williams %R
- Larry Williams' range-based oscillator
- Inverse stochastic calculation
- Adjusted for zero-centered display
e) CCI (Commodity Channel Index)
- Donald Lambert's mean reversion indicator
- Measures deviation from moving average
- Scaled for optimal visualization
Operational Modes
Mode 1: Magnificent 7 Analysis
Tracks the collective momentum of the seven constituent stocks. This mode is optimal for:
- Technology sector analysis
- Growth stock momentum assessment
- Large-cap performance tracking
Mode 2: S&P 500 Equal Weight Comparison
Analyzes momentum using an equal-weighted S&P 500 reference (typically RSP ETF). This mode provides:
- Broader market momentum context
- Size-neutral market analysis
- Comparison baseline for relative performance
Mode 3: Relative Performance Analysis
Calculates the momentum differential between Magnificent 7 and S&P 500 Equal Weight. This mode enables:
- Sector rotation analysis
- Style factor assessment (Growth vs. Value)
- Relative strength identification
Formula: Relative Performance = MAG7_Momentum - SP500EW_Momentum
Signal Generation and Thresholds
Signal Classification
The indicator generates three signal states:
- Bullish: Oscillator > Upper Threshold (default: +2.0%)
- Bearish: Oscillator < Lower Threshold (default: -2.0%)
- Neutral: Oscillator between thresholds
Relative Performance Signals
In relative performance mode, specialized thresholds apply:
- Outperformance: Relative momentum > +1.0%
- Underperformance: Relative momentum < -1.0%
Alert System
Comprehensive alert conditions include:
- Threshold crossovers (bullish/bearish signals)
- Zero-line crosses (momentum direction changes)
- Relative performance shifts
- Breadth Analysis Component
The indicator incorporates market breadth analysis, calculating the percentage of constituent stocks with positive momentum. This feature provides insights into:
- Strong Breadth (>60%): Broad-based momentum
- Weak Breadth (<40%): Narrow momentum leadership
- Mixed Breadth (40-60%): Neutral momentum distribution
Visual Design and User Interface
Theme-Adaptive Display
The indicator automatically adjusts color schemes for dark and light chart themes, ensuring optimal visibility across different user preferences.
Professional Data Table
A comprehensive data table displays:
- Current oscillator value and percentage
- Active mode and oscillator type
- Signal status and strength
- Component breakdowns (in relative performance mode)
- Breadth percentage
- Active threshold levels
Custom Color Options
Users can override default colors with custom selections for:
- Neutral conditions (default: Material Blue)
- Bullish signals (default: Material Green)
- Bearish signals (default: Material Red)
Practical Applications
Portfolio Management
- Sector Allocation: Use relative performance mode to time technology sector exposure
- Risk Management: Monitor breadth deterioration as early warning signal
- Entry/Exit Timing: Utilize threshold crossovers for position sizing decisions
Market Analysis
- Trend Identification: Zero-line crosses indicate momentum regime changes
- Divergence Analysis: Compare MAG7 performance against broader market
- Volatility Assessment: Oscillator range and frequency provide volatility insights
Strategy Development
- Factor Timing: Implement growth factor timing strategies
- Momentum Strategies: Develop systematic momentum-based approaches
- Risk Parity: Use breadth metrics for risk-adjusted portfolio construction
Configuration Guidelines
Parameter Selection
- Momentum Period (5-100): Shorter periods (5-20) for tactical analysis, longer periods (50-100) for strategic assessment
- Smoothing Period (1-50): Higher values reduce noise but increase lag
- Thresholds: Adjust based on historical volatility and strategy requirements
Timeframe Considerations
- Daily Charts: Optimal for swing trading and medium-term analysis
- Weekly Charts: Suitable for long-term trend analysis
- Intraday Charts: Useful for short-term tactical decisions
Limitations and Considerations
Market Concentration Risk
The indicator's focus on seven stocks creates concentration risk. During periods of significant rotation away from large-cap technology stocks, the indicator may not represent broader market conditions.
Momentum Persistence
While momentum effects are well-documented, they are not permanent. Jegadeesh and Titman (1993) noted momentum reversal effects over longer time horizons (2-5 years).
Correlation Dynamics
During market stress, correlations among the constituent stocks may increase, reducing the diversification benefits and potentially amplifying signal intensity.
Performance Metrics and Backtesting
The indicator includes hidden plots for comprehensive backtesting:
- Individual stock momentum values
- Composite breadth percentage
- S&P 500 Equal Weight momentum
- Relative performance calculations
These metrics enable quantitative strategy development and historical performance analysis.
References
¹Jegadeesh, N., & Titman, S. (1993). Returns to buying winners and selling losers: Implications for stock market efficiency. Journal of Finance, 48(1), 65-91.
Carhart, M. M. (1997). On persistence in mutual fund performance. Journal of Finance, 52(1), 57-82.
Fama, E. F., & French, K. R. (2015). A five-factor asset pricing model. Journal of Financial Economics, 116(1), 1-22.
Wilder, J. W. (1978). New concepts in technical trading systems. Trend Research.
Setup Score OscillatorSetup Score Oscillator – Full Description
🎯 Purpose of the Script
This script is a manual trading setup scoring tool, designed to help traders quantify the quality of a trade setup by combining multiple technical, cyclical, and contextual signals.
Instead of relying on a single indicator, the trader manually selects which signals are present, and the script calculates a total score (0–100%), displayed as an oscillator in a separate panel (like RSI or MACD).
🔧 How it works in practice
1. Manual signal inputs
The script presents a set of checkboxes in the settings, where the trader can enable/disable the following signals:
✅ Confirmed Support/Resistance
✅ Aligned Volume Profile
✅ Favorable Cyclic Timing
✅ Valid Trend Line
✅ Aligned Cyclical Moving Averages
✅ Relevant Fibonacci Level
✅ Classic Volume Signal (spike, dry-up, etc.)
✅ Oscillator confirmation (e.g., divergences)
✅ Extreme Sentiment
✅ Relevant or incoming News
Each selected signal contributes to the total score based on its weight.
2. Scoring system
Each signal has a default weight (e.g., 20% for support/resistance, 15% for cycles, etc.).
Optionally, the trader can enable the “custom weights” checkbox and adjust each signal’s weight directly in the settings.
3. Score visualization
The final score (sum of all active weights) is plotted as an oscillator ranging from 0 to 100%, with dynamic coloring:
Range Color Meaning
0–39% Red No valid setup
40–54% Yellow Watchlist only
55–69% Orange Good setup
70–100% Green Strong setup
Several horizontal threshold lines are displayed:
50% → neutral threshold
40%, 55%, 70% → operational levels
4. Optional background coloring
When the score exceeds 55% or 70%, the oscillator background lightly changes color to highlight stronger setups (non-intrusive).
📌 Practical benefits
Objectifies subjective analysis: each decision becomes a number.
Prevents overtrading: no entries if the score is too low.
Adaptable to any trading style: swing, intraday, positional.
User-friendly: no coding needed – just tick boxes.
Italiano:
Setup Score Oscillator – Descrizione completa
🎯 Obiettivo dello script
Lo script è uno strumento manuale di valutazione dei setup di trading, pensato per aiutare il trader a quantificare la qualità di un'opportunità operativa basandosi su più segnali tecnici, ciclici e contestuali.
Invece di affidarsi a un solo indicatore, il trader seleziona manualmente quali segnali sono presenti, e lo script calcola un punteggio complessivo percentuale (0–100%), rappresentato come oscillatore in una finestra separata (tipo RSI, MACD, ecc.).
🔧 Come funziona operativamente
1. Input manuale dei segnali
Lo script mostra una serie di checkbox nelle impostazioni, dove il trader può attivare o disattivare i seguenti segnali:
✅ Supporto/Resistenza confermata
✅ Volume Profile allineato
✅ Cicli o timing favorevole
✅ Trend line valida
✅ Medie mobili cicliche allineate
✅ Livello di Fibonacci rilevante
✅ Volume classico significativo (spike, dry-up)
✅ Conferme da oscillatori (es. divergenze)
✅ Sentiment estremo (es. euforia o panico)
✅ News importanti imminenti o appena uscite
Ogni casella attiva contribuisce al punteggio totale, con un peso specifico.
2. Sistema di punteggio
Ogni segnale ha un peso predefinito (es. 20% per supporti/resistenze, 15% per cicli, ecc.).
Facoltativamente, il trader può attivare la funzione “Enable custom weights” per personalizzare i pesi di ciascun segnale direttamente da input.
3. Visualizzazione del punteggio
Il punteggio complessivo (somma dei pesi attivati) viene tracciato come oscillatore da 0 a 100%, con colori dinamici:
Range Colore Significato
0–39% Rosso Nessun setup valido
40–54% Giallo Osservazione
55–69% Arancione Setup buono
70–1005 Verde Setup forte
Sono tracciate anche delle linee guida orizzontali a:
50% → soglia neutra
40%, 55%, 70% → soglie operative
4. Colorazione dello sfondo (facoltativa)
Quando il punteggio supera 55% o 70%, lo sfondo dell’oscillatore cambia leggermente colore per evidenziare il segnale (non invasivo).
📌 Vantaggi pratici
Oggettivizza l’analisi soggettiva: ogni decisione manuale si trasforma in un numero.
Evita overtrading: se il punteggio è troppo basso, non si entra.
Adattabile a ogni stile: swing, intraday, position.
Facile da usare anche senza codice: basta spuntare le caselle.
Intraday Volume by Saurabh Maggoinspired by volume indicator by nitin
Key Features
Dynamic Volume Visualization: Features thicker volume bars with color-coded insights—grey for normal volume (0.5x-1.5x baseline), orange for low volume (<0.5x), blue for Intraday Pocket Pivots (IPP), green for high up volume, and red for high down volume.
Snort Signals: Identifies strong moves with green Bull Snorts (below bars) and red Bear Snorts (above bars), triggered by volume exceeding 2.0x the baseline with significant price action.
Highest/Lowest Volume Markers: Blue squares mark the highest volume bar, and a single orange square marks the first lowest volume bar, aiding trend identification.
Enhanced Table Metrics: A 2x3 table displays Trend Strength (TS, green >100%, red <100%), Buy/Sell Signal (BS, green "Buy", red "Sell", grey "Neutral"), and Net Pressure (NP, green >0%, red <0%), offering a comprehensive view of volume and price pressure, reset daily at 9:15 AM IST.
Disguised Candles by The School of Dalal StreetDisguised Candles corrects one of the subtle visual distortions present in normal candlestick charts — the mismatch between the close of one candle and the open of the next.
On many instruments (especially at day/session breaks), the next candle’s open often jumps due to price gaps or data feed behavior. This can make reading the flow of price action harder than necessary.
Disguised Candles fixes this by plotting synthetic candles where the open of each candle is forced to match the close of the previous one — creating a visually continuous flow of price.
Real candles are made fully transparent, so only the "corrected" candles are visible.
This allows traders to:
Visualize price flow as a smooth path
Better spot true directional shifts and trends
Avoid distractions caused by technical gaps that are not meaningful to their strategy
🚀 Pure visual clarity. No noise from false opens.
How it works:
The open of each synthetic candle = close of previous real candle
High, Low, Close remain unchanged
Colors are based on Close vs Corrected Open
Real chart candles are hidden under a transparent overlay
Use this as a clean canvas for trend analysis or as a foundation for building new visual systems.
Price Difference IndicatorSimply calculate the difference between two products.
You can customize and set two different products.
Multi Stochastic Alert (No Repeats)This indicator is based on daytraderrockstar strategy , when all the 4 stochastics 9 3. 14 3 , 40 40 and 60 10 are below 20 , the indicator give OS ( over sold ) and when the 4 stochastics are above the 80 line , it give OB ( over bought ) signal . one the signal is generated , look for bullish or bearish divergence
Definitive Candle IdentifierBooming Bulls Academy
To find out the definitive candle
It will work on running candle also
Best to trade with confirmation candle always.
Intraday VWAP + Supertrend + RSI StrategyBased on Intraday VWAP + Supertrend + RSI Strategy
works fine
LORD_SETUPLORD_SETUP — Dynamic Trendlines, RSI Filters & EMA
The LORD_SETUP script combines powerful trading tools into a single comprehensive indicator. It’s designed for traders who seek high-precision setups using dynamic,adaptive trendlines, RSI-based confirmations, and moving averages.
Key Features:
🔹 Dynamic Trendlines
Smart trendlines auto-detect pivot highs/lows and extend forward using slope calculations based on ATR, standard deviation, or linear regression. Get early breakout signals with “B” labels when price breaks key trendlines.
🔹 Multi-Timeframe RSI Filter
Integrated RSI filter (default: 15m timeframe) confirms trendline breakouts only when RSI aligns with momentum—RSI > 50 for bullish, < 50 for bearish signals.
🔹 EMA
An ultra-responsive moving average that reduces lag while enhancing trend clarity. Color-coded for visual confirmation of momentum shifts.
Additional Features:
✅ Fully customizable colors and sensitivities
✅ Works on any timeframe or asset
✅ Includes alerts for both bullish and bearish breakouts
Multi-Timeframe RSI Divergence StrategyCore Strategy Components:
🎯 Divergence Detection:
Automatic detection of bullish/bearish RSI divergences
Configurable lookback periods and minimum bars between peaks
Visual divergence lines drawn on chart
🤖 AI Confidence Simulation:
Multi-factor scoring system (divergence strength, RSI levels, volume, market structure)
Adjustable confidence threshold (default 75%)
Real-time confidence display in monitoring table
📊 Multi-Timeframe Analysis:
Higher timeframe RSI confirmation (default: Daily)
Toggleable MTF filtering
Enhanced signal reliability
⚖️ Risk Management:
Dynamic stop losses using ATR or percentage
Dual profit targets (2:1 and 4:1 risk-reward)
Partial position closing at first target
Automatic move to breakeven after PT1
⏰ Time-Based Controls:
Maximum hold period (10 days default)
Time-based exit after 5 days of no movement
RSI reversal exits (crossing back through 50)
ANSHUL-FARRARI-SETUP-2🔍 Overview:
Farrari is a powerful, all-timeframe trading indicator designed for one purpose — catching the trend early and riding it fast. Whether you're trading scalps, intraday setups, or swing positions, Farrari gives you clean and confident Buy & Sell signals during strong market moves.
📈 Buy Signal:
Triggers during a Bull Run – when the market shows strength and momentum.
A visual alert (e.g., arrow, popup, sound) appears to notify you instantly.
Designed to catch early phases of upward moves for maximum profit.
📉 Sell Signal:
Triggers during a Bear Run – when downward momentum kicks in.
Shows you the right time to exit longs or enter shorts with precision.
Alerts keep you ahead of late entries.
⏱️ Timeframe Compatibility:
Works on all timeframes:
Scalping
Intraday
Swing trading
Upgraded your self — with Farrari
🚦 Based On:
Pure price action — no RSI, MACD, or EMA dependencies.
Unique algorithm tracks trend direction without laggy indicators.
💡 :entry, exit,
Anshul_setup_1🔍 Overview:
Farrari is a powerful, all-timeframe trading indicator designed for one purpose — catching the trend early and riding it fast. Whether you're trading scalps, intraday setups, or swing positions, Farrari gives you clean and confident Buy & Sell signals during strong market moves.
📈 Buy Signal:
Triggers during a Bull Run – when the market shows strength and momentum.
A visual alert (e.g., arrow, popup, sound) appears to notify you instantly.
Designed to catch early phases of upward moves for maximum profit.
📉 Sell Signal:
Triggers during a Bear Run – when downward momentum kicks in.
Shows you the right time to exit longs or enter shorts with precision.
Alerts keep you ahead of late entries.
⏱️ Timeframe Compatibility:
Works on all timeframes:
Scalping
Intraday
Swing trading
Upgraded your self — with Farrari
🚦 Based On:
Pure price action — no RSI, MACD, or EMA dependencies.
Unique algorithm tracks trend direction without laggy indicators.
💡 How to Use:
To understand how to use the Farrari Indicator effectively (entry, exit, risk management, and advanced tricks)
Nerchuko Trading OfficialThis is a Custom Indicator Built exclusively for our Retail Traders Community where we have provided price action in a Indicator.
List of points Provided in Nerchuko Trading Scalping.
1. We Marked the First Candle Low. ( This is dynamically plotted based on the selected timeframes. Very helpful for those who trade ORB.
2. When price stays above first candle low it shows green color candles.
3. Price close below first candle low it shows red color candles.
4. We Also provided entry signal when price touches lower low and close above next green candle high
5. We displayed stop loss low of that entry candle
6. We displayed first target as static 30 points from entry place.
7. We displayed second target as static value of 25 points from first target.
8. We plotted vertical dash line every 1 hour.
9.We plotted water mark Nerchuko Trading when price is close above first candle low shows green color else red color.
Nerchuko Trading ScalpingThis is a Custom Indicator Built exclusively for our Retail Traders Community where we have provided price action in a Indicator.
List of points Provided in Nerchuko Trading Scalping.
1. We Marked the First Candle Low. ( This is dynamically plotted based on the selected timeframes. Very helpful for those who trade ORB.
2. When price stays above first candle low it shows green color candles.
3. Price close below first candle low it shows red color candles.
4. We have plotted lower low in 5 minutes timeframe candle color is red and displayed 1 minute timeframe
5. We have plotted lower high in 5 minutes timeframe candle color is green and displayed 1 minute timeframe
6. We plotted vertical dash line every 1 hour and high of first candle having gray color horizontal line
7. We Also provided entry signal when price touches lower low and close above next green candle high
Nerchuko Trading RegularThis is a Custom Indicator Built exclusively for our Retail Traders Community where we have provided some important points within a Single Indicator.
List of points Provided in Nerchuko Trading Regular.
1. We Marked the First Candle Low. ( This is dynamically plotted based on the selected timeframes. Very helpful for those who trade Opening Range Breakout(ORB) strategies.
2. When price stays above first candle low it shows yellow color candles.
3. Price close below first candle low it shows normal candles like red and green color.
🦅 The Hawk – סודות הגרף🦅 The Hawk 🔥 Market Heatmap PRO – Visual Sector Scanner
Market Heatmap PRO is a powerful multi-sector visual tool designed to help traders quickly assess market conditions across major sectors and assets.
The indicator analyzes and displays live data for key metrics including:
💵 % Change
🔥 Run Rate (Volume Surge)
🔋 Heat Score (based on change, momentum, and volume)
📈 Momentum
📊 Trend
📐 Deviation from Trend
⚖️ Relative Strength (vs S&P 500)
😱 Fear & Greed Score
🌡️ Sector Fuel (combined activity signal)
📊 RSI (Relative Strength Index)
Each sector is visualized in a colorful, easy-to-read table format, with dynamic coloring to highlight overheated or underperforming sectors.
This allows traders to spot opportunities, rotations, and extreme sentiment at a glance — whether for day trading, swing trading, or portfolio allocation.
BhuVaraha SwamyThe script in-essence was created to find reversals in any chart in any time frame. The reversal points are derivative of standard RSI indicator.
Use this indicator with other non-price-derived indicator(s) such as volume to place trades.
If you found this script helpful and made some money, consider donating to my BTC/USDT Wallet to support my work, you can also email me your ideas on bhanuprakash2040@gmail.com
BTC Wallet Address (BINANCE SMART CHAIN BEP20)
0xde9e24e8a58281898d80ea19167cd9d04566e02e
USDT Wallet Address (TRON - TRC20)
TNa18auvXedEQHd8uWfV4F7pEVLswkhXdK
Good Luck!
10-20-200 EMA Cross Align with Engulfing by AS - Signal Source200 EMA is for Trend Identification and 10,20 EMA is for Execution sign and take buy/sell on Engulfing condition
40Cal Test Example IndicatorSimply a test to mark out the top and bottom of the previous 40min candle for tracking
ATR (14) Watermark ATR (14) Watermark – Volatility Snapshot on Your Chart
This lightweight overlay displays the ATR (14) value and its percentage of the current price directly on your chart — along with a visual cue (🔴🟡🟢) to indicate volatility levels.
🔧 Features:
ATR (14) value and percentage of current price
🔴 High, 🟡 Medium, 🟢 Low volatility indicator
Adjustable vertical & horizontal positioning
Fully configurable text size and color
Clean, unobtrusive table watermark overlay
This tool is perfect for traders who want to quickly assess volatility without crowding the chart with lines or indicators.
DR/iDR BarhamThis indicator has been developed for educational and testing purposes only.
It functions by detecting the 1-hour range of the algorithm during each trading session (London, New York, and Tokyo). Once this range is established, and if the price moves in alignment with the algorithm, a break of either the high or low may signal potential target levels the price could reach.
• Designed exclusively for use on the 5-minute timeframe
• Intended for XAU/USD and USD/JPY pairs (occasionally applicable to BTC/USD on weekends only)
