High-Low Indicators and Strategies for TradingView

Understanding Range Progress Tracker (RPT)

The Range Progress Tracker (RPT) helps traders visualize how much of a typical price range has been covered in the current period (Daily, Weekly, or Monthly). It compares the current range to the Average True Range (ATR) to measure trend exhaustion and potential reversals.

Core Logic

• Calculates current range: High - Low
• Compares to ATR (default 14 periods)
• Formula: Range % = (Current Range / ATR) × 100

Why It Matters

When the range approaches/exceeds 100% of ATR, it suggests:

• Possible consolidation
• Trend reversal
• Market correction phase

👉 Learn more about trading indicators

JL - DWM OHLC Indicator

This tool automatically plots key price levels from:

• Prior Day: High/Low/Close
• Current Day: Open
• Prior Week: High/Low/Close
• Current Week: Open
• Prior Month: High/Low/Close
• Current Month: Open

Smart Visibility: Only shows relevant levels based on your timeframe:

• Daily levels: <60min charts
• Weekly levels: <1 Day charts
• Monthly levels: <1 Week charts

Enhanced HHLL Time Confirmation with EMA

A versatile indicator combining:

1. Higher High/Lower Low Detection

   • Customizable lookback period
   • Time-based confirmation (default: 60 minutes)

2. EMA 400 Integration

   • Long-term trend reference

3. Visual Signals

   • Green triangles (buy below bars)
   • Red triangles (sell above bars)
   • Lime/maroon circles for EMA crossovers

Best Practices:

• Adjust lookback periods for scalping/swing trading
• Combine with volume/RSI for confirmation

Futures Open/High/Low Tables

Displays intraday data tables showing:

• Today's RTH/extended hours OHLC
• Yesterday's OHLC
• Current week/month OHLC

Features:

• Live measurement from open/highs/lows
• Session time markers (9:30am ET/4pm ET)
• Works with any futures instrument

👉 Advanced trading tools explained

First 5 Minutes Open/Close Strategy

Key Concept: The first 5-minute candle often has massive volume, creating potential reaction levels.

Strategy Steps:

1. Identify HTF trend direction
2. Wait for 5m candle close
3. Enter when price punctures outer zone boundary
4. Retrace to midpoint for entry

Visual Aid:

• Lines at 5m high/low
• Optional 25% boundary zones

FAQ Section

Q: How does RPT differ from standard ATR?
A: While ATR shows average volatility, RPT compares current price action to that average, giving a % completion metric for trend analysis.

Q: Can the 5-minute strategy work on cryptocurrencies?
A: Yes, but adjust the opening range period (try 4-hour/240min for crypto) as 5-minute may be too short.

Q: Why use multiple timeframe OHLC levels?
A: They help identify confluence - when daily/weekly/monthly levels align, creating stronger support/resistance.

Q: How reliable are the HHLL signals?
A: Always confirm with trend context (EMA 400 position) and additional indicators to filter false signals.

Key Takeaways

1. Multi-Timeframe Analysis: Combining daily/weekly/monthly levels provides clearer market structure.
2. Volume-Based Strategies: First 5m candle often sets intraday ranges.
3. Trend Confirmation: Always align signals with higher timeframe trends (EMA 400/SMA crossovers).
4. Range Awareness: Tracking range completion (via RPT) helps identify exhaustion points.

👉 Master trading strategies

By implementing these tools systematically, traders can develop a robust framework for identifying high-probability setups while maintaining clear risk management parameters.