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LuxAlgo Profile picture
@LuxAlgo
Feb 13, 2025 • 7 tweets • 4 min read • Read on X
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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 🧵Image
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.Image
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.Image
Predictive Channels:

The indicator forms a trend channel with two resistance lines, two support lines, and a central average line.Image
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.Image
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.Image
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 @LuxAlgoImage

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More from @LuxAlgo

LuxAlgo Profile picture
Nov 25, 2025
We’ve created the ultimate AI tool for technical traders that unlocks automated strategies like never before.

Here’s how to get started, from finding your strategy among millions, to the fastest automation set up.

(1/6) Image
There are nearly infinite combinations of technical indicators to create complex strategies.

Our AI has been trained on over 10 Million of them.

Using this LLM, it will help us find backtested strategies that fit your needs, whether those are around concepts you like, or have certain performance metrics.

Starting at LuxAlgo.com/chat, we ask for a strategy trading NQ on a 5 minute timeframe:

(2/6)
We can continue prompting the AI until it gives us a strategy we like the backtested performance metrics of.

Then we click the ⏰ icon to create an Alert for this strategy.

Here we set a customized message and can add variables to the trade alert, such as the alert time, exchange, and custom strategy name.

If you prefer placing trades manually, you can send these alerts to an email or have them pop up right in the platform.

Next we fully automate this strategy (cont.)

(3/6)
Read 6 tweets
LuxAlgo Profile picture
Apr 12, 2025
Top 7 free indicators we've created (5+ years of developing):
7.) Smart Money Concepts (SMC)

This is our most popular free indicator & the #1 ranking indicator of the past decade on @TradingView

It's a first of its kind toolkit for price action analysis. Order blocks, market structure (BOS/CHoCH), FVGs, and more... all in one. Image
6.) Predictive Ranges

Previously a paid tool, we released it for free.

A true innovation on spotting ranges in 100% real-time where traders can target support and resistance.

The calculation on it is simple yet perfect. Thousands use it now daily. Image
Read 11 tweets
LuxAlgo Profile picture
Mar 20, 2025
Finding quality trade setups can feel impossible 😮‍💨

Unless you have the right strategy.

This indicator simplifies the process by highlighting precise areas for trend continuations & reversals.

Structure combined with Fibonacci.

How it works 🧵 Image
It identifies two main trade scenarios:

Trend Trades – Entries that align with an ongoing trend.

Reversal Trades – Entries signaling a potential shift to a new trend direction. Image
Pinpoints entries within the critical 50%–61.8% Fibonacci retracement zone.

When the price reaches this zone, trades are automatically plotted along with clear risk-to-reward ratios. Image
Read 7 tweets
LuxAlgo Profile picture
Mar 19, 2025
RSI has major flaws... but we found the solution 💪

Here are some of the most creative RSI variations you'll ever see.

The last method blows your mind 🧵 Image
RSI Multi-Length:

Averages multiple RSI readings across different periods. Overbought/oversold levels form channel boundaries, summarized in a table.Image
QQE Weighted Oscillator:

Weights price movements using RSI and dynamic stops, adjusting for volatility.

Color gradients highlight momentum shifts.Image
Read 6 tweets
LuxAlgo Profile picture
Mar 18, 2025
STOP Ignoring Volume 📊

6 Volume Tools That Will Change the Way You Trade 🧵 Image
1: Weekly Stacked Daily Changes

The Weekly Stacked Daily Changes tool displays daily net price changes grouped by weekday and week.

It conveniently compares daily and weekly volatility simultaneously.Image
2: Delta Flow Profile

The Delta Flow Profile visualizes money flow and net buying or selling pressure across price ranges over a set period.

It helps traders identify key price levels and analyze market activity.Image
Read 8 tweets
LuxAlgo Profile picture
Mar 16, 2025
What does Jerome have in store for this FOMC…

Pot of $3,000/oz gold? Bear market?

Be ready for it all with the day-by-day schedule below 👇 Image
Monday

‣ 🇺🇸 Retail Sales 8:30 AM
‣ 🗽 Empire State Mfg Index 8:30 AM
‣ 🇺🇸 Retail Inventories 10:00 AM
‣ 🇺🇸 Home Builder Confidence 10:00 AM
‣ 🇺🇸 6M Tsy Auction 11:30 AM

***All times in ET***
Tuesday

‣ 🇺🇸 Building Permits 8:30 AM
‣ 🏠 US Housing Starts 8:30 AM
‣ 🇺🇸 Import/Export Price Index 8:30 AM
‣ 🇨🇦 Canada CPI Inflation $CAD 8:30 AM
‣ 🇺🇸 1Y Tsy Auction 11:30 AM
‣ 🇺🇸 20Y Tsy Auction 1:00 PM
‣ 🤖 $NVDA CEO GTC Keynote 1:00 PM
‣ 🇯🇵 Japan Interest Rate Decision $JPY 11:00 PM
‣ Top Earnings (BMO): $BTM, $XPEV

***All times in ET***Image
Read 6 tweets

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