OPEN-SOURCE SCRIPT
Updated StO Price Action - Level Reaction
Short-Summary
- Multi-timeframe reaction indicator for M5, M15, M30, H1, H4
- Monitors price interaction with higher timeframe levels (Daily, Weekly, H4)
- Detects whether price touches or breaks choosen levels
- Fully configurable colors, visibility and alerts per timeframe and level type
Full Description
Overview
- Tracks market reaction on significant levels across multiple timeframes
- Designed to identify intraday reactions to higher timeframe structure
- Supports both bullish and bearish reactions, with separate visual cues
- Alerts can be enabled to notify traders of touches or breaks
Core Logic
- Choice between detecting a touch or a break of the level
- Configurable reference level: Open, High or Low
- Lookback period can be set to target specific levels from previous candles
Timeframe Reactions
- Supported intraday reaction timeframes: M5, M15, M30, H1, H4, Daily, Weekly
- Each reaction type can be individually toggled for display
- Bullish and bearish reactions have separate color settings
- Alerts configurable per timeframe and reaction type
Alerting
- Alerts can be triggered for touches or breaks
- Supports separate alerts for each timeframe and each direction (bull/bear)
- Useful for real-time monitoring of key level interactions
Notes
- Intended as a market reaction tool not a standalone entry signal
- Helps traders confirm if price respects or violates higher timeframe levels
- Multi-timeframe reaction indicator for M5, M15, M30, H1, H4
- Monitors price interaction with higher timeframe levels (Daily, Weekly, H4)
- Detects whether price touches or breaks choosen levels
- Fully configurable colors, visibility and alerts per timeframe and level type
Full Description
Overview
- Tracks market reaction on significant levels across multiple timeframes
- Designed to identify intraday reactions to higher timeframe structure
- Supports both bullish and bearish reactions, with separate visual cues
- Alerts can be enabled to notify traders of touches or breaks
Core Logic
- Choice between detecting a touch or a break of the level
- Configurable reference level: Open, High or Low
- Lookback period can be set to target specific levels from previous candles
Timeframe Reactions
- Supported intraday reaction timeframes: M5, M15, M30, H1, H4, Daily, Weekly
- Each reaction type can be individually toggled for display
- Bullish and bearish reactions have separate color settings
- Alerts configurable per timeframe and reaction type
Alerting
- Alerts can be triggered for touches or breaks
- Supports separate alerts for each timeframe and each direction (bull/bear)
- Useful for real-time monitoring of key level interactions
Notes
- Intended as a market reaction tool not a standalone entry signal
- Helps traders confirm if price respects or violates higher timeframe levels
Release Notes
Minor ChangesRelease Notes
Minor ChangesRelease Notes
Minor ChangesRelease Notes
Minor ChangesRelease Notes
Minor ChangesOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.