OPEN-SOURCE SCRIPT
Actualizado Daily High Low Extended Boxes
This indicator is a self updating (every day) indicator that proactively draws boxes for the highs and lows of each day.
It comes with 3 current days in a row boxes already standard drawn.
The first box is White and starts at beginning of day trading and then spans 72 hours or 3 days.
Then the second box starts at beginning of day trading for the second day and spans 72 hours or 3 days.
Then the 3rd box starts at beginning of day trading for the second day and spans 72 hours or 3 days.
There are options to have up to 10 days in a row and you can pick a different color for your extra boxes.
This prevents incorrect drawing of boxes and accidentally moving them if not locked.
For those that know how to trade the two box method of trading, this is a perfect tool for you as you will already know where institutional buyers are buying and selling by giving you several days of high probability buy and sell levels. Every day you should have two upper and two lower levels as your guide and this tool saves you time. Just turn it on and they are already populated instantly.
The very top level is where institutional traders sold their longs or took shorts. The very bottom level is where institutional traders had the most buys or sold their shorts. By having the previous days levels as well it gives you 2 good top levels and 2 good lower levels.
If the traded asset exceeds the top level or exceeds the lower level, dont chase just simply dont trade. Come back the next day and assess the new box.
Also included is a midline for each box that can be turned on and off, this will help you if you are getting into a trade late.
Using other indicators, if you are climbing above the midline, play with caution, but you could take a long. Same for the area below the midline, you could possibly take a short depending on your Stochastic and what it shows or any other indicators of your choosing.
This is not a playbook but a helpful tool to determine market levels and significant reversal points that are purely and without a doubt institutional. That is where you want to trade.
It comes with 3 current days in a row boxes already standard drawn.
The first box is White and starts at beginning of day trading and then spans 72 hours or 3 days.
Then the second box starts at beginning of day trading for the second day and spans 72 hours or 3 days.
Then the 3rd box starts at beginning of day trading for the second day and spans 72 hours or 3 days.
There are options to have up to 10 days in a row and you can pick a different color for your extra boxes.
This prevents incorrect drawing of boxes and accidentally moving them if not locked.
For those that know how to trade the two box method of trading, this is a perfect tool for you as you will already know where institutional buyers are buying and selling by giving you several days of high probability buy and sell levels. Every day you should have two upper and two lower levels as your guide and this tool saves you time. Just turn it on and they are already populated instantly.
The very top level is where institutional traders sold their longs or took shorts. The very bottom level is where institutional traders had the most buys or sold their shorts. By having the previous days levels as well it gives you 2 good top levels and 2 good lower levels.
If the traded asset exceeds the top level or exceeds the lower level, dont chase just simply dont trade. Come back the next day and assess the new box.
Also included is a midline for each box that can be turned on and off, this will help you if you are getting into a trade late.
Using other indicators, if you are climbing above the midline, play with caution, but you could take a long. Same for the area below the midline, you could possibly take a short depending on your Stochastic and what it shows or any other indicators of your choosing.
This is not a playbook but a helpful tool to determine market levels and significant reversal points that are purely and without a doubt institutional. That is where you want to trade.
Notas de prensa
For everyones convenience I have added a dropdown for you to choose from New York Session, Asian Session or London Sessions of trading. Only one Selection can be used at a time, so you will have to just toggle it in the settings!Let me know if there is anything else that might make this better or more user friendly!
Notas de prensa
Sessions werent updating at a roll over like they should have been so I changed each session to update at each sessions independent rollover time.Notas de prensa
Just a couple modifications to how quickly the boxes update in real time to every minute.Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.