Autolevels — Indicators and Strategies

Auto Price Action SR Levels by Chaitu50c Auto Price Action SR Levels by Chaitu50c: This is a session-based support and resistance indicator that identifies price levels based on actual candle activity, without relying on traditional indicators. It works by clustering open, high, low, or close values of past candles that frequently occur within a defined price range, making it a reliable price action-based tool for intraday traders. The indicator calculates these levels at the start of each new trading session (based on NSE 09:15 time) and keeps them static throughout the session. This avoids unnecessary noise or flickering due to live price action, giving traders consistent zones to work with during the day. FEATURES: * Automatic detection of support and resistance levels based on candle price hits * Cluster formation using high/low or open/close logic * Static levels: calculated once per session and remain unchanged until the next session * Adjustable settings for: * Cluster range (in points) * Number of lookback candles * Line width * Line color (default: black) * Minimalist design for a clean chart experience HOW IT WORKS: The indicator looks back over a defined number of candles at the beginning of each session. It clusters prices that fall within a specified range (e.g., 250 points) and counts how many times they appear as open, high, low, or close values. If a price level is hit at least once (default), it is considered significant and a line is plotted. Because clustering is done once per session, the lines do not shift during the session. This allows traders to base decisions on fixed, stable levels formed by prior market structure. RECOMMENDED FOR: * Intraday traders * Price action traders * Traders who prefer clean charts with logical SR zones * Nifty, BankNifty, and stock-based day trading Created by Chaitu50c for traders who rely on logic and structure, not signals. Disclaimer: This indicator is intended for educational and informational purposes only. It does not constitute financial advice or trading recommendations. Use at your own discretion and always manage risk responsibly. --- Let me know if you’d like to include use-case examples or screenshots before publishing.

Banana RSI Banana RSI is not just ap-PEAL-ing to the eyes! This simple little indicator provides a New Approach to determining Overbought and Oversold levels, as well as taking advantage of a non-typical smoothing method for this type of indicator. Banana RSI uses a Cumulative High and Low Average to draw the upper, lower, and midline. The High and Low Averages use the data only from above or below the Cumulative Average to calculate their respective line. In simpler terms: The High average is an average of every value ABOVE the full average. The Low average is an average of every value BELOW the full average. This creates an automated method to determine overbought and oversold territory based on the charts historical movement. Since every chart can be different, these levels change with the chart. Banana RSI also uses a linear regression smoothing method , by taking advantage of the built-in Least Squares Moving Average, we are able to view a better reacting/less-lagging moving average. Included are 2 Length-Adjustable LSMA lines to use however needed. Using the Regression Lines along with the High & Low Averages provides a new view on the classic RSI indicator. Enjoy!

4C Options Expected Move (Weekly + 0DTE)This indicator plots the calculated Expected Move for BOTH Weekly and Zero Dated Expiration (0DTE) Daily options, for a quick visual reference. Please Note: This indicator is different from our original "4C Expected Move (Weekly Options)" indicator, as it now packages the ability to ALSO plot 0DTE options expected moves along with Weekly expected moves. Many other newer features have also been implemented. Background Information The Expected Move (EM) is the amount that a stock is predicted to increase or decrease from its current price, based on the current level of options pricing and implied volatility. This range can be viewed as possible support and resistance, or, once price gets outside of the range, institutional hedging actions can accelerate the move in that direction. It can be useful to know what the weekly EM range is for a stock to understand the probabilities of the overall distance, direction and volatility for the week. About the Indicator This indicator plots the calculated Expected Move for BOTH Weekly and Zero Dated Expiration (0DTE) options, for a quick visual reference. For the weekly EM, the range is based on the Weekly close of the prior week. For the Daily EM based on 0DTE options, the range is based on the Daily close of the prior day. The indicator will automatically start a new weekly EM plot at the beginning of the week, and a new daily EM at the beginning of each day. The EM values must be updated weekly and/or daily. Features Plots the EM for the week Plots the EM for the day, for symbols that offer daily expiration options Plots the 2 Standard Deviation EM for both the weekly and daily EM Labels with calculated values are plotted near the levels for quick visual aid Settings Can toggle weekly EM on/off Can toggle Daily EM on/off Can toggle 2 Standard Deviation lines on/off Can toggle labels for all EM on/off Robust line settings Can adjust label location left/right based on personal preference Can enter symbol into settings as a reference Handy instructions in the settings How To Set Up The Indicator To use this indicator you must have access to a broker with options data (not available on Tradingview). Usually, you can look at the stock's option chain to find the weekly expected move. You will have to do your own research to find where this information is displayed depending on your broker. You may also need to find the information elsewhere if your broker does not have this information. You can also do your calculation of the EM using the following formula (please do your own research): Expected Move = Option Price x Implied Volatility x Square Root of Time See screenshot example below This is the Thinkorswim platform's option chain, and the Implied Volatility % and the calculated EM are on the right side of the option chain. The Expected Move is circled in blue. Use the +- number in parentheses, NOT the % value. For the weekly EM, input the number that corresponds to the weekly option into the indicator. This must be done on a weekly basis, and It is typically best to use the EM for the next week expiration that is generated AFTER the Friday close and/or before the Monday open of the upcoming week. For the daily EM, input the number that corresponds to the daily 0DTE option into the indicator. This must be done on a daily basis, and it is typically best to use the EM value for the 0DTE option that is generated the night before (after market close), or before the market opens for that 0DTE. .