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PT Finder

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This is mostly helpful to find potential price targets for Daytrades on the daily chart (if stronger resistances / supports are too far away).

Shows highs / lows of nearby "pivot" candles (higher high / lower low than both candles around) - depending on expected trade direction. Based on my experience these can be potential (albeit weak) resistance / support.

If it shows values only in the wrong trade direction: set a checkmark at "Invert bullish / bearish price targets" in the indicator settings

Also shows the ADR (blue line = yesterday's close MINUS Average Day Range) - which is helpful for Daytrades to see what price movement you could potentially expect for the day!

As a nice bonus it also shows gaps as yellow areas - in case you maybe missed them because you zoomed in / out too much on your daily chart.

More infos: https://www.reddit.com/r/RealDayTrading/comments/1f2p3hb/from_38_to_81_after_18_months_24_indicators/
Release Note

  • ADR shows now its absolute value next to line
  • Experimental: Added AWR (Average Weekly Range) and Weekly ATR
Release Note

  • Removed AWR + ATR experiment, since it simply never seemed to be relevant
  • Smaller fixes + more readable code, thanks to Fable

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