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THADI: SPX Auto S & R Consolidation & Range Highlighter -Key Features

Custom Indicators

Key Features

  1. Premarket Levels:

    • Displays premarket high and low levels to provide insights into overnight price movements.

  2. Daily Levels:

    • Shows the high, low, open, and close levels for the current day, previous day, and the previous three days for better intraday analysis.

  3. Weekly Levels:

    • Highlights the previous week's high, low, open, and close levels to understand weekly price trends.

  4. Monthly Levels:

    • Marks the previous month's high, low, open, and close levels for long-term trend analysis.

  5. Moving Averages:

    • Includes 8 EMA, 21 EMA, 50 SMA, 100 SMA, and 200 SMA to identify trends and potential support/resistance levels.

  6. User-Defined Range Breakout (UDRB):

    • Identifies the high and low of a user-defined time range at the market open, useful for breakout strategies.

  7. First Hour Range:

    • Tracks the high and low within the first hour of trading, providing key support and resistance levels early in the trading day.

  8. Consolidation Support and Resistance:

    • Automatically displays consolidation support and resistance levels based on user settings to identify areas of market congestion.

  9. Potential Reversion & Initial Profit Signal:

    • Marked by a (+) on the candles to indicate potential reversion points and initial profit-taking signals.

  10. Volume Oscillator:

    • Shows periods of increased volume, with the default set to highlight periods with more than double the regular volume, indicating significant trading activity.

  11. Candle Color Change:

    • Changes the color of candles to indicate when they have higher than regular volume, making it easier to spot significant volume spikes.

  12. Crossing Moving Averages Alerts:

    • Provides alerts when the price crosses over or under key moving averages (8 EMA, 21 EMA, 50 SMA, 200 SMA), indicating potential trend changes.

  13. ATR Zones:

    • Displays Average True Range (ATR) zones around key levels, helping to visualize potential areas of support and resistance based on market volatility.

  14. Daily Percent Levels:

    • Automatically identifies and progressively draws daily percentage levels, normalized to the first market bar, providing visual references for price action.
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