OPEN-SOURCE SCRIPT
Aktualisiert Dynamic Range Tool [vault]
Dynamic Range Tool [vault] is a complete session range framework. Instead of stacking five separate tools every morning you get one: the session range with its quarters and projections, average range targets from the daily, weekly and monthly timeframes, daily and weekly opens, center mass of the previous daily and weekly candle, and automatic order blocks. One script, one chart, alerts on every level.
THE SESSION RANGE
The engine is a time window defined in EST. The default is 19:00 to 02:45, which is the asian session plus the london open lead in. The script tracks the highest high and lowest low inside that window and builds three lines from it: range high, range low, range mid. Those lines are then extended to whatever hour you set in "Extend To Hour", 19:00 the next evening by default, so the levels sit in front of you for the entire trading day.
On top of that you get the range quarters at 25% and 75%, drawn dashed in the theme accent color. Those are the levels price tends to react to on the way back into the middle.
Two vertical markers show the range gate and the moment the window closes, so you never lose track of where the measurement ends.
RANGE PROJECTIONS
Turn on "Show Range Projection" and you get the range mirrored above and below the midpoint at 1x, 1.5x, 2x and 2.5x. Classic range expansion logic. If the asian session printed 40 points you already know where 1x and 2x sit before london even starts. Upper levels use the theme top color, lower levels the bottom color.
ADR / AWR / AMR TARGETS
This is the part that does the heavy lifting. The script computes an average candle range (14 periods by default) separately on the daily, weekly, monthly and a custom intraday timeframe (60 or 240 minutes), then projects:
- Daily projected high = day low + ADR
- Daily projected low = day high - ADR
- The same for the week and the month, with progressively thicker lines
- The same for your custom timeframe
- Top hash and bottom hash, the range midpoint plus and minus half an ADR
- A second pair at the midpoint plus and minus a full ADR
Every level is labelled on the right and fires its own alert. Once the day has already delivered its average range the projected high and low cross over each other, and the script deletes both lines and their labels automatically so you are not left staring at levels that no longer mean anything.
Underneath, semi transparent zones are shaded between the range midpoint and the ADR projection. They show how much room is left before the average day is fully used up.
OPENS AND CENTER MASS
- Daily open and weekly open, colored dynamically: bottom color when price trades above the open, top color when below. One glance tells you which side of the open you are on.
- Center mass daily and weekly, the midpoint of the previous daily and weekly candle body. Thick neutral line, one of the better mean reversion magnets on intraday charts.
ORDER BLOCKS
A separate module. The script measures momentum as the percentage change of open against the open four bars back. When that change crosses the sensitivity threshold (25 by default, meaning 0.25%) it walks back 4 to 15 bars, finds the last candle opposite to the impulse, and turns it into a block. Mitigation is your choice of wick or close. Blocks are removed automatically once mitigated, and price entering an active block triggers an alert.
A minimum spacing of 5 bars between signals keeps the chart clean in chop.
STATS PANEL
Top right corner: last session range, ADR, AWR and the custom range value. Displayed in pips or in ticks depending on the toggle.
THEMES
The [vault] build ships with a full theme engine:
- Vault Red (default) - red upside, blue downside, white structure
- Vault Classic - the original orange and blue palette
- Ice - cold blues
- Neon - magenta and green
- Gold - gold and purple
- Mono - white and greys for dark charts
- Custom - unlocks every manual color picker
Switching a theme repaints the range lines, targets, zones, labels, order blocks and panel text in one move. The range center line is white now instead of black, so it is finally visible on a dark chart.
ALERTS
Weekly, monthly, daily and custom projected high and low, top hash, bottom hash, price inside bullish block, price inside bearish block. All fire once per bar.
HOW TO USE IT
1. Intraday chart. Minute based timeframes are read directly from the chart resolution.
2. Set the session window in EST for your market. For index futures leave it at 19:00 to 02:45.
3. Start the day with three questions: which side of the range am i on, which side of the daily open am i on, how much of the average range is still unused.
4. Treat the upper and lower ADR targets as places to take risk off, not places to enter.
5. The range mid and the center mass lines are return levels, not continuation levels.
TECHNICAL NOTES
Higher timeframe data (daily, weekly, monthly, custom) is requested with lookahead enabled. That keeps the levels anchored on historical bars, but it also means this script is not suitable for bar by bar backtesting or for driving an automated strategy. It is a context drawing tool, not a simulation.
All drawing is anchored to bar time rather than bar index, so levels stay locked to the clock.
The "ADR Days" input is a leftover from the original and does not affect any calculation. The averaging length lives in "ADR period".
Nothing here is financial advice. The tool draws context, the decisions are yours.
Based on Dynamic Range Tool V1 by Black Box Trading.
THE SESSION RANGE
The engine is a time window defined in EST. The default is 19:00 to 02:45, which is the asian session plus the london open lead in. The script tracks the highest high and lowest low inside that window and builds three lines from it: range high, range low, range mid. Those lines are then extended to whatever hour you set in "Extend To Hour", 19:00 the next evening by default, so the levels sit in front of you for the entire trading day.
On top of that you get the range quarters at 25% and 75%, drawn dashed in the theme accent color. Those are the levels price tends to react to on the way back into the middle.
Two vertical markers show the range gate and the moment the window closes, so you never lose track of where the measurement ends.
RANGE PROJECTIONS
Turn on "Show Range Projection" and you get the range mirrored above and below the midpoint at 1x, 1.5x, 2x and 2.5x. Classic range expansion logic. If the asian session printed 40 points you already know where 1x and 2x sit before london even starts. Upper levels use the theme top color, lower levels the bottom color.
ADR / AWR / AMR TARGETS
This is the part that does the heavy lifting. The script computes an average candle range (14 periods by default) separately on the daily, weekly, monthly and a custom intraday timeframe (60 or 240 minutes), then projects:
- Daily projected high = day low + ADR
- Daily projected low = day high - ADR
- The same for the week and the month, with progressively thicker lines
- The same for your custom timeframe
- Top hash and bottom hash, the range midpoint plus and minus half an ADR
- A second pair at the midpoint plus and minus a full ADR
Every level is labelled on the right and fires its own alert. Once the day has already delivered its average range the projected high and low cross over each other, and the script deletes both lines and their labels automatically so you are not left staring at levels that no longer mean anything.
Underneath, semi transparent zones are shaded between the range midpoint and the ADR projection. They show how much room is left before the average day is fully used up.
OPENS AND CENTER MASS
- Daily open and weekly open, colored dynamically: bottom color when price trades above the open, top color when below. One glance tells you which side of the open you are on.
- Center mass daily and weekly, the midpoint of the previous daily and weekly candle body. Thick neutral line, one of the better mean reversion magnets on intraday charts.
ORDER BLOCKS
A separate module. The script measures momentum as the percentage change of open against the open four bars back. When that change crosses the sensitivity threshold (25 by default, meaning 0.25%) it walks back 4 to 15 bars, finds the last candle opposite to the impulse, and turns it into a block. Mitigation is your choice of wick or close. Blocks are removed automatically once mitigated, and price entering an active block triggers an alert.
A minimum spacing of 5 bars between signals keeps the chart clean in chop.
STATS PANEL
Top right corner: last session range, ADR, AWR and the custom range value. Displayed in pips or in ticks depending on the toggle.
THEMES
The [vault] build ships with a full theme engine:
- Vault Red (default) - red upside, blue downside, white structure
- Vault Classic - the original orange and blue palette
- Ice - cold blues
- Neon - magenta and green
- Gold - gold and purple
- Mono - white and greys for dark charts
- Custom - unlocks every manual color picker
Switching a theme repaints the range lines, targets, zones, labels, order blocks and panel text in one move. The range center line is white now instead of black, so it is finally visible on a dark chart.
ALERTS
Weekly, monthly, daily and custom projected high and low, top hash, bottom hash, price inside bullish block, price inside bearish block. All fire once per bar.
HOW TO USE IT
1. Intraday chart. Minute based timeframes are read directly from the chart resolution.
2. Set the session window in EST for your market. For index futures leave it at 19:00 to 02:45.
3. Start the day with three questions: which side of the range am i on, which side of the daily open am i on, how much of the average range is still unused.
4. Treat the upper and lower ADR targets as places to take risk off, not places to enter.
5. The range mid and the center mass lines are return levels, not continuation levels.
TECHNICAL NOTES
Higher timeframe data (daily, weekly, monthly, custom) is requested with lookahead enabled. That keeps the levels anchored on historical bars, but it also means this script is not suitable for bar by bar backtesting or for driving an automated strategy. It is a context drawing tool, not a simulation.
All drawing is anchored to bar time rather than bar index, so levels stay locked to the clock.
The "ADR Days" input is a leftover from the original and does not affect any calculation. The averaging length lives in "ADR period".
Nothing here is financial advice. The tool draws context, the decisions are yours.
Based on Dynamic Range Tool V1 by Black Box Trading.
Versionshinweise
Bug fix. Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
💟JOIN OUR FREE TELEGRAM GROUP - t.me/+nWNuFTXNIk03ZjM0
🎱JOIN THE INNER CIRCLE - payoutvault.one/
🎱JOIN THE INNER CIRCLE - payoutvault.one/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.