Summary of the Indicator: This 5/15 Min High-Low Indicator is designed to dynamically track and mark the key high and low levels from the first 5-minute and 15-minute timeframes of the trading session. Here's how it works:
Features:
Dynamic Level Tracking: Tracks and updates the high and low for the first 5 minutes and 15 minutes of the session. Visual Representation: Plots the following on the chart: 5-Min High (Green Line) 5-Min Low (Red Line) 15-Min High (Blue Line) 15-Min Low (Orange Line) Alerts: Alerts when the price: Breaks above the 5-Min High. Breaks below the 5-Min Low. Breaks above the 15-Min High. Breaks below the 15-Min Low. Alerts are triggered only once per bar close to avoid repetition. Reset for New Day: Automatically resets the high and low levels for 5 and 15 minutes at the start of each trading day. Inputs:
Configurable session start time (default: 9:30 AM). Customizable session lengths for the 5-minute and 15-minute ORB ranges. Option to enable or disable alerts. Dynamic Alerts:
Alerts notify when new highs or lows for the 5-minute or 15-minute ranges are set during the session. Use Case:
Ideal for manual backtesting or live market trading. Helps traders monitor breakouts and retests of significant intraday levels. Can be activated as a daily tool for session-based trading strategies.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.