OPEN-SOURCE SCRIPT
Zen ABR Scalping Ladder
This indicator puts two numbers on the same scale, in points, so you can see at a glance whether a scalp-sized target is realistic on the timeframe you are looking at.
WHAT IT DRAWS
Five ABR lines. ABR is the average bar range: high minus low, averaged over the last N bars. Lookbacks are locked at 2, 4, 8, 16 and 32. Short lookbacks react fast, long ones hold the longer picture.
A scalp reference line, set at a percentage of ADR, the average daily range. Default is 10%. Set it to whatever your own scalp target is.
A translucent grey cloud filling the gap between the scalp line and the ABR lines. One fill per line. Where several lookbacks sit on the same side, the fills overlap and the grey darkens on its own, so no single lookback has to be picked as the driver.
Everything is drawn in price points, which is the whole idea. A twelve-point average bar and a ten-point target become two lines on one axis, and you can see which is on top without doing arithmetic.
HOW TO READ IT
Cloud above the scalp line: an average bar on this timeframe is bigger than your target. One bar can carry the trade.
Cloud below the scalp line: an average bar is smaller than your target. The target now needs several bars in a row. Either move up a timeframe or take fewer points.
Darker grey: more of the lookbacks agree. Lighter grey with lines split either side of the scalp line: the fast and slow readings disagree, and something has recently changed.
WHY 10% OF ADR
The default comes from my own scalp-sizing work. I plotted daily range history for several index futures markets against the scalp distance I was actually using, and the scalp sat at roughly a tenth of the daily range in each case, despite very different price levels and point scales. It is a starting point, not a law. Change the percentage to your own target and watch where the line lands.
SETTINGS WORTH KNOWING
Pane cap. On by default at 2x the scalp line. Without it, one volatility spike stretches the vertical scale and squashes the readable zone into a flat band at the bottom. With it, anything above the cap draws flat at the cap. The optional value table still shows the true uncapped number.
Middle-three mode. Drops the fastest lookback and the slowest, and fills from the average of ABR 4, 8 and 16 instead. Calmer top edge on fast markets.
Fixed levels. Three horizontal point levels, off by default, for pinning your own targets into the pane.
Value table. Off by default. Shows every live line in points and as a percentage of ADR.
Crossing markers. Off by default. Dots on the scalp line where the middle-three average crosses it.
WHAT MAKES IT DIFFERENT
Most volatility tools give you a ratio, a normalised reading, or a percentage in a corner. This one keeps everything in points and puts your own target on the same axis, so the comparison is direct rather than mental. The stacked cloud is the second part: instead of choosing one lookback and trusting it, all of them draw, and the shading does the agreeing for you.
LIMITATIONS
It has no opinion on direction. It will not tell you to buy or sell, and it does not know whether the market is trending or ranging. All it reports is how big a typical bar is right now against the size of the target you chose.
ADR is taken from the standard daily bar, which includes overnight trade. That is deliberate, so the script needs no session string, no timezone and no instrument preset and runs on any chart of any market. If you want a day-session-only ADR, the source is open and the daily request is the one line to change.
On a weekly or monthly chart the ADR calculation falls back to the chart timeframe, so the reference line becomes a percentage of the average weekly or monthly range. Intended use is intraday and daily.
Nothing repaints. The bar currently forming is excluded from every average.
WHAT IT DRAWS
Five ABR lines. ABR is the average bar range: high minus low, averaged over the last N bars. Lookbacks are locked at 2, 4, 8, 16 and 32. Short lookbacks react fast, long ones hold the longer picture.
A scalp reference line, set at a percentage of ADR, the average daily range. Default is 10%. Set it to whatever your own scalp target is.
A translucent grey cloud filling the gap between the scalp line and the ABR lines. One fill per line. Where several lookbacks sit on the same side, the fills overlap and the grey darkens on its own, so no single lookback has to be picked as the driver.
Everything is drawn in price points, which is the whole idea. A twelve-point average bar and a ten-point target become two lines on one axis, and you can see which is on top without doing arithmetic.
HOW TO READ IT
Cloud above the scalp line: an average bar on this timeframe is bigger than your target. One bar can carry the trade.
Cloud below the scalp line: an average bar is smaller than your target. The target now needs several bars in a row. Either move up a timeframe or take fewer points.
Darker grey: more of the lookbacks agree. Lighter grey with lines split either side of the scalp line: the fast and slow readings disagree, and something has recently changed.
WHY 10% OF ADR
The default comes from my own scalp-sizing work. I plotted daily range history for several index futures markets against the scalp distance I was actually using, and the scalp sat at roughly a tenth of the daily range in each case, despite very different price levels and point scales. It is a starting point, not a law. Change the percentage to your own target and watch where the line lands.
SETTINGS WORTH KNOWING
Pane cap. On by default at 2x the scalp line. Without it, one volatility spike stretches the vertical scale and squashes the readable zone into a flat band at the bottom. With it, anything above the cap draws flat at the cap. The optional value table still shows the true uncapped number.
Middle-three mode. Drops the fastest lookback and the slowest, and fills from the average of ABR 4, 8 and 16 instead. Calmer top edge on fast markets.
Fixed levels. Three horizontal point levels, off by default, for pinning your own targets into the pane.
Value table. Off by default. Shows every live line in points and as a percentage of ADR.
Crossing markers. Off by default. Dots on the scalp line where the middle-three average crosses it.
WHAT MAKES IT DIFFERENT
Most volatility tools give you a ratio, a normalised reading, or a percentage in a corner. This one keeps everything in points and puts your own target on the same axis, so the comparison is direct rather than mental. The stacked cloud is the second part: instead of choosing one lookback and trusting it, all of them draw, and the shading does the agreeing for you.
LIMITATIONS
It has no opinion on direction. It will not tell you to buy or sell, and it does not know whether the market is trending or ranging. All it reports is how big a typical bar is right now against the size of the target you chose.
ADR is taken from the standard daily bar, which includes overnight trade. That is deliberate, so the script needs no session string, no timezone and no instrument preset and runs on any chart of any market. If you want a day-session-only ADR, the source is open and the daily request is the one line to change.
On a weekly or monthly chart the ADR calculation falls back to the chart timeframe, so the reference line becomes a percentage of the average weekly or monthly range. Intended use is intraday and daily.
Nothing repaints. The bar currently forming is excluded from every average.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.