Indicator · Pine Script v5 · On the chart

Predictive Ranges [LuxAlgo]

by Tapanhaz· code credited to LuxAlgo

The indicator calculates volatility-based stepped support and resistance levels overlaying the price chart.

View on GitHub

GitHub stars2on the repository
Pine versionv5runs as is
Lines of code53
Settings4inputs
LicenceCustom licence
Last update1 year ago19 Mar 2025

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Predictive Ranges [LuxAlgo] tracks a central average that shifts incrementally when price exceeds an ATR-scaled boundary. From this baseline, it projects two upper resistance levels and two lower support levels spaced by fractions of the expanded ATR. Main inputs allow configuration of the ATR length, scaling factor, source price, and target timeframe for multi-timeframe analysis. The indicator plots five horizontal range levels with shaded upper and lower zones directly on the chart.

Details

Published by

Tapanhaz on GitHub

Code credit

LuxAlgo, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Support & resistance, Volatility & bands

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Lengthint200length
Factorfloat6.mult
Timeframetimeframetf
Sourcesourceclosesrc
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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