Thread by @LuxAlgo

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