OPEN-SOURCE SCRIPT
Yesterday Based High/Low strong setup bosstvs tikole s.p. pune

### **Indicator Overview**
This indicator is designed specifically for intraday traders (especially for the Indian/NSE market). It automatically plots Yesterday’s key levels and marks the High and Low of specific afternoon time ranges (2:25 to 2:35 PM) to help you find breakout or breakdown trades.
#### **1. Yesterday’s Key Levels (Yellow, Red, Blue Circles)**
These levels are calculated from the previous day's High, Low, and 50% midpoint. They act as major support and resistance for the current day.
* **Yellow Line (Yesterday 50%):** This is the midpoint of yesterday's High and Low. It is a strong psychological level. If the price is above this line, the market sentiment is generally bullish; if below, it's bearish.
* **Red Line (Yesterday High):** The highest point reached yesterday. If the price breaks above this line today, it signals a strong breakout.
* **Blue Line (Yesterday Low):** The lowest point reached yesterday. If the price breaks below this line today, it signals a strong breakdown.
#### **2. Time-Based High/Low Markers (2:25 PM to 2:35 PM)**
The afternoon session (around 2:30 PM) often creates a strong momentum move or a range before the market closes. This indicator captures the exact High and Low of these specific time ranges.
* **Orange Line (2:30 H):** This line represents the **Highest Price** between **14:25 and 14:30**. If the price breaks above this orange line after 2:30 PM, you can take a Buy (Long) trade.
* **Red Line (2:35 H):** This line represents the **Highest Price** between **14:30 and 14:35**. Another breakout level for Buy trades.
* **Green/Lime Line (2:35 L):** This line represents the **Lowest Price** between **14:30 and 14:35**. If the price breaks below this green line after 2:35 PM, you can take a Sell (Short) trade.
*Note: The price values (e.g., 44250.50) are displayed as labels on the left side of the lines so you know the exact level to watch.*
#### **3. "No History" Clean Chart Feature**
To keep your chart clean, the 2:30 and 2:35 lines are **only drawn for the current day**. When you scroll back to previous days, you will *not* see those old lines cluttering the chart. However, Yesterday's High, Low, and 50% lines will naturally remain visible in history.
---
### **How to Trade Using This Indicator (Example Strategy)**
1. **Pre-Market / Morning:** Watch how the price reacts to the **Yellow (50%)** line. Use it as a trend filter.
2. **Afternoon (2:25 PM - 2:35 PM):** Wait for the time ranges to finish. Do not trade during the 10 minutes while the lines are being formed.
3. **The Breakout Trade:**
* After 2:35 PM, if the price crosses **above** the Orange (2:30 H) or Red (2:35 H) lines with a strong candle, **Buy**. Keep your Stop Loss slightly below the Green (2:35 L) line.
* After 2:35 PM, if the price crosses **below** the Green (2:35 L) line with a strong candle, **Sell**. Keep your Stop Loss slightly above the Red (2:35 H) line.
4. **Confluence:** The best trades happen when the 2:30/2:35 breakout lines align with Yesterday's High or Low (Red/Blue circles).
---
### **Important Note on Timeframes**
This indicator is coded to work accurately on **1-minute, 3-minute, and 5-minute** charts. It automatically adjusts its internal calculation based on which of these three timeframes you are currently viewing. For best results, use a 3-minute or 5-minute chart.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.