OPEN-SOURCE SCRIPT
Bank Math 2.0 - Custom Time Close
Brief Description
"75% of yesterday's high to low range then added/subtracted from yesterday's close"
This indicator lets you choose any time of day (e.g. 14:00 ET).
At that exact time it takes the last traded price as the “Close”, measures the full High-to-Low range of the previous 24 hours ending at that time, then projects a user-defined percentage (default 75%) of that range above and below the Close. The levels stay locked until the same time the next day.
Use Case
Traders who work with institutional / bank-style levels often use a fixed time of day (cash close, 15:00, 14:00, etc.) as their reference point.
This tool automatically calculates and plots the classic “75% of prior range” upside and downside targets from that chosen time, giving clean, non-repainting levels that can be used for intraday targets, mean-reversion zones, or breakout references.
"75% of yesterday's high to low range then added/subtracted from yesterday's close"
This indicator lets you choose any time of day (e.g. 14:00 ET).
At that exact time it takes the last traded price as the “Close”, measures the full High-to-Low range of the previous 24 hours ending at that time, then projects a user-defined percentage (default 75%) of that range above and below the Close. The levels stay locked until the same time the next day.
Use Case
Traders who work with institutional / bank-style levels often use a fixed time of day (cash close, 15:00, 14:00, etc.) as their reference point.
This tool automatically calculates and plots the classic “75% of prior range” upside and downside targets from that chosen time, giving clean, non-repainting levels that can be used for intraday targets, mean-reversion zones, or breakout references.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.