Swing Range Dashboard for Breakouts, Zone Tests, and Range Context

Summary

This dashboard builds a recent trading range from the highest high and lowest low across a configurable number of completed candles, excluding the unfinished bar. It defines support and resistance zones as percentages of that range near its lower and upper boundaries, then classifies the current close as a bullish breakout, bearish breakdown, test of either zone, or mid-range movement. The panel refreshes on a timer and is intended to help traders scan levels and market context rather than supply a complete entry signal.

The document outlines possible uses: waiting for a breakout retest, looking for range fades near boundaries in non-trending conditions, aligning lower-timeframe entries with a larger-timeframe range, or avoiding mid-range trades. These are suggested approaches, not supported by reported tests or performance data. The indicator does not account for broader trend, volume, or volatility and does not manage stops or position size; confirmation and separate risk controls remain necessary.

Key ideas

• The range high and low come from a configurable lookback of closed candles.
• A percentage of the range defines the upper resistance and lower support zones.
• The dashboard labels breakout, breakdown, zone testing, or mid-range conditions from the latest close.
• Suggested applications include breakout retests, range fading, higher-timeframe context, and avoiding mid-range entries.
• The tool omits trend, volume, volatility, stop-loss, and position-sizing analysis, and the document reports no performance tests.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.