An indicator for the price chart that draws intraday price levels above and below the session by blending an initial balance extension with a volatility-index implied move, then adding a point offset.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
The volatility index is chosen automatically from the futures symbol or set manually. Profiles, initial balance lengths, offsets, inner and outer tiers, historical level days, labels and colours are adjustable. It warns when the chart is outside one to fifteen minutes.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Profile
string
RR Fade (100pt)
paramProfile
Vol index (manual)
symbol
CBOE:VXN
volSym
σ multiplier
float
1.0
sigmaMult
IB length (min)
int
60
ibMins
Offset (pts)
float
60.0
offsetPts
IB weight (0=vol, 1=IB ext)
float
0.25
ibWeight
Blend
string
Midpoint
blendMode
RTH session
session
0930-1600
rthSess
Warn if TF not 1–15m
bool
true
tfWarn
Show inner + outer tiers
bool
true
showTiers
Inner tier (15m IB)
bool
true
showInner
Outer tier (60m IB max-ext)
bool
true
showOuter
Show all 40 settings
Setting
Type
Default
Variable
Inner IB (min)
int
15
innerIBMins
Outer IB (min)
int
60
outerIBMins
Inner offset (pts)
float
50.0
innerOffPts
Outer offset (pts)
float
60.0
outerOffPts
Show raw IB 1× extension
bool
false
showIBRaw
Historical level days
int
20
histDays
Highlight today's levels
bool
true
showToday
Level price labels
bool
true
showLabels
Primary upper
color
color.new(#9C27B0, 0)
upColor
Primary lower
color
color.new(#7B1FA2, 0)
dnColor
Inner upper
color
color.new(#26a69a, 10)
innerUpColor
Inner lower
color
color.new(#00897b, 10)
innerDnColor
Outer upper
color
color.new(#ff9800, 10)
outerUpColor
Outer lower
color
color.new(#f57c00, 10)
outerDnColor
Historical color
color
color.new(color.gray, 40)
histColor
Primary line width
int
2
lineWidth
Tier line width
int
1
tierLineWidth
Historical lines for all tiers
bool
false
histAllTiers
Wick rejection markers (RR)
bool
true
showWickSig
Show blocked wicks (HMM trending)
bool
false
showBlocked
Filter wick entries by regime
bool
true
useHMM
Gate mode
string
Balanced
gateMode
Vote timeframe
string
1m
hmmTF
MR dir-efficiency max
float
0.224
hmmDirMax
MR range-expansion min
float
1.0
hmmRangeMin
MR |VWAP slope| max (pts/bar)
float
0.12
hmmVwapMax
Strict: MR votes required
int
2
hmmVotesReq
Balanced: min wick quality
float
0.42
wickQualMin
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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