You’re ALWAYS trading within a range
Knowing where you are is the difference between a win and lost.
I compiled a list of some of the best free indicators for detecting ranges
The last one offers a twist 🧵
Predictive Ranges:
This indicator predicts future trading ranges in real time with incredible accuracy.
Trends can also be determined based on how the ranges are appearing.
HyperTrend:
This indicator estimates the price trend and extremities, guiding trades based on slope direction.
Unlike most indicators using this method, this one has zero backpainting.
Predictive Channels:
The indicator forms a trend channel with two resistance lines, two support lines, and a central average line.
Anchored Monte Carlo Projection:
This indicator randomly simulates future price points based on historical bar movements.
This allows us to estimate possible ranges and standard deviations.
Bonus: Reversal Zones – Signals & Overlays Toolkit
If you not only want to determine the ranges but also get entries and exits- then this indicator is the best options.
The zones dynamically adjust based on the volatility of the market.
Below are the links to these indicators:
Predictive Channels - tradingview.com/script/U8SB8fW…
Predictive Ranges - tradingview.com/script/lIdNGLi…
HyperTrend - tradingview.com/script/Bcufg8o…
Anchored Monte Carlo Shuffled Projection - tradingview.com/script/eaA61vm…
Signals & Overlays Toolkit: luxalgo.com
✨ For more indicators, visit Luxalgo.com/library/
💜 Follow us @LuxAlgo
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