Timeframe Ranges

Timeframe ranges plot the Daily, Weekly, and Monthly Ranges on the current trading pair that the user is viewing. 

A Range refers to the difference between the low and high prices for a trading pair over a specific period. The Range defines the difference between the highest and lowest prices or open and close prices traded for a defined period, such as a day, week, month, year, etc. 

The Timeframe Ranges Tool Automatically plots the Daily, Weekly, and Monthly Ranges and can be toggled between the High and Low or from the Open and Closes. 

This tool can be effectively used to determine if the Price Action is Trending or Ranging. If the Price Action is Trending then the previous Ranges are being broken out with higher or lower current Timeframe Ranges from previous Timeframe Ranges. If Price Action is Ranging then the indicator will show multiple Timeframe Ranges that have the same or similar highs and lows or opens and closes. 

Range Type

Range Type allows the user to choose between the range being determined at the high of the wick or low of the wick or between the open of that timeframe or the close of that timeframe. 

Range Type Modes:

High / Low - Plots the wick high and low as a range from that specific timeframe.

Open / Close - Plots the open and close as a range for that specific timeframe.

Daily

A tickable function that allows the user to turn on all ranges on the Daily timeframe for that ticker.

Weekly

A tickable function that allows the user to turn on all ranges on the Daily timeframe for that ticker.

Monthly

A tickable function that allows the user to turn on all ranges on the Daily timeframe for that ticker.

Colors

Default colors are below: