View on TradingView
High/Low Watch Panel
*Available with the Plus or Premium subscription.
Description:
This script creates a watch list panel of up to 6 ticker symbols. The watch panel tracks high/low of day, price change from previous day, daily candle formation, and current trading in daily range (divided into 3rds, upper, middle, and lower). Candle formation references the previous day with “inside”, “outside”, “up”, or “down” descriptors. HOD/LOD prices are highlighted respectively if price is trading in the corresponding part of daily range.
In summary this compilation provides a quick view of whether price is trading in the bullish, bearish, or choppy part of daily range plus candle formation analysis is also effortless.
Indicator Options:
Go to indicator settings under the “Input” tab section to customize with show/hide or select:
- *Important Note*: Check option if you are a “premium” or higher TradingView subscriber
- Daily candle formation
- Price change format (% or $)
- Daily range % for background highlighting
- Ticker symbols
- Color options for table row heading text and colors
- Color options for range background highlighting
- Frame width plus color options for table frame/background.
- Panel alignment within chart
Usage Tips:
The 1st ticker symbol defaults to the chart symbol unless user selected to a different one. Multiple installations on the same chart is possible to allow for a more expansive watch list.
Disclaimer:
Achieving trading success hinges on adherence to your strategy, with indicators complementing rather than dictating trades. This script serves solely for informational and educational purposes and does not offer professional or financial advice. You assume full responsibility for evaluating the script output and its associated risks.
By utilizing the script, you agree to absolve StockWaver (TradingView user) of any liability for damages arising from decisions based on it. StockWaver is not affiliated with TradingView, Inc. Remember, experience and sound risk management are invaluable, and there’s no substitute for them, be it indicators or strategies. Thank you!
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Risk Disclosure
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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