Location Desk range indicator for TradingView

A range has a high, a low and a midpoint. By default, its outer quarters become sell and buy locations; the continuation band extends five percent of the full range either side of its midpoint.

Rolling windows convert the selected timeframe’s bar count into chart bars, capped at four thousand. Swing ranges use the latest confirmed pivot high and low. Previous day uses the feed’s completed daily candle, independently of the trading-window timezone.

The default layers observe one hundred bars at five and fifteen minutes; the hourly layer starts off. Pivot confirmation delays swing references. A zero-height range is not ready. With outer zones expanded to half the range, they meet at the midpoint and the sell classification has priority.

A strict close beyond an unbroken confirmed chart swing sets bullish or bearish direction. The default pivot confirms five chart candles later; a wick or equal close is not a break.

A breaking body at least half a chart ATR marks a structure initiation. The impulse midpoint moves as the leg’s extreme extends. The read can turn sideways only after more than sixty candles since the break while price is strictly inside stored swings.

Continuation alignment can count an observation midpoint band and the impulse midpoint; it does not require the body-qualified initiation flag. That flag gates the named midpoint alert. A displayed count of two can therefore mean one observation layer plus the impulse midpoint.

First enabled layer means slot order, not automatic timeframe sorting. Its opposing outer zone blocks entry even when higher layers agree. Focus changes emphasis only. Labels such as low probability are interpretations, not measured chances.

The last six candles must span no more than 1.2 chart ATR. Inside closes refresh the wait and can expand the small range while it still fits. A close must exceed an edge by strictly more than one range height to initiate by default.

A pending range expires after more than ten candles since its last inside close, unless that candle qualifies as initiation first. After initiation, a close through the far side invalidates before the return is considered.

First touch uses the wick, but enters at the touching candle’s close. Close-inside mode includes both edges. At the return, the small range’s midpoint is checked against current observation locations. Then direction, location, time window, existing trade, daily allowance and ledger permission determine whether it enters or skips.

A return consumes the setup even when skipped. The thirty-candle return allowance is checked after invalidation and return checks. Detection continues with the ledger off or a trade open, but these can block an entry.

1R is the initial distance from entry to stop. A short stop lies above entry; a long stop below. Default stop: the far small-range edge plus 0.1 chart ATR. Last-swing mode uses a swing only if it is further beyond that edge. The stop stays at least one tick beyond entry.

The indicator’s default target is 3R. Alternatives use the initiation extreme, including the returning candle, or the opposite entry-zone boundary of layer one. Missing or nearer-than-1R structure targets fall back to the R target.

1. Record both outcomesA stop loses the planned risk distance. A reached target gains its planned distance before costs.
2. Include costs and sizeSpread, commission and slippage reduce results. Position size determines the money at risk.
3. Test another periodKeep the same rules and include every valid trade, including losses and skipped setups.

A 3R target does not mean three units will be earned. Reaching the target is uncertain. The display-only dollar-size estimate is not contract-aware sizing and does not set the twin’s order quantity.

The indicator starts management on later candles. Its paper ledger checks the stop first, then target, then an optional move of the stop to entry, then optional window-end closing. If stop and target share a candle, stop wins. A newly moved stop is not checked against an earlier wick on that same candle.

The trading window starts off. When enabled, end flattening uses the first outside-window candle’s close. Daily entry allowance resets by the selected timezone’s date, Europe/London by default.

The twin uses broker-emulator orders and fills, which can differ from the paper ledger. Its exit bracket is submitted only after a broker position exists; a signal’s displayed plan is not an already attached broker bracket.

Direction: bullish, bearish or sideways. Location: each layer’s range and the alignment count. RIMC: the small range and return sequence. Gate: the missing entry permission. Record: paper outcomes on loaded history, without costs.

Brief Co-Pilot shows NOW. Standard adds WHY and PLAN. Detailed adds the record and glossary. Bearish in an allowed sell location reads look for sells; that remains a watch state until entry qualifies.

All fifty-nine indicator inputs, in source order. Twin differences are marked beside the default.

The indicator has fifteen named conditions: look for sells/buys, entered sell/buy location, midpoint pullback, stacked location, direction changed, range formed, initiation, long/short entry, mitigation skipped, target reached, stopped and flat at window end.

Dynamic messages have eleven branches: LOOK_FOR_SELLS, LOOK_FOR_BUYS, ENTER_SELL_LOCATION, ENTER_BUY_LOCATION, STACKED_LOCATION, DIRECTION, RIMC_INITIATION, RIMC_LONG, RIMC_SHORT, MITIGATION_SKIPPED and EXIT. They omit midpoint and range-formed events; exits share EXIT with a reason.

Events commit on confirmed bars and dynamic calls use once per bar close. JSON carries src, symbol, tf, event, direction, read, layers, side, entry, sl, tp, reason and optional r. There is no separate stop-to-entry-moved alert. The named stacked event specifically requires two outer-zone layers, unlike the broader displayed count. Use the indicator’s named-condition menu; do not assume the twin exposes the same alert menu.

1. Read direction, location and Gate before changing inputs.
2. Follow waiting, entry, skipped and stopped examples.
3. Put the twin on a second chart. Align its Measurement grid with the indicator.
4. Set realistic quantity, commission and slippage; record symbol, timeframe, history and all settings.
5. Change one rule, compare the same history, then check another period.

Twin header defaults: capital one hundred thousand, fixed quantity one, commission 0.02 percent per order and five ticks of slippage. Adapt cost assumptions to your market; stock-style commission alone does not model every forex spread or fee.

We compared gold and EURUSD with costs, varying targets, stops, return rules, direction, alignment and the London window. The report keeps the complete grid, cost assumptions and history limits together. A faithful location engine does not establish a mechanical edge.

The lab notes are in review and will be linked here.

Rolling ranges can update during a live candle. Direction, paper trades and alert events commit at close. Different feeds, history, timeframes or settings can recalculate the map. The ATR-dependent engine needs enough loaded history before it can run.

The tool does not observe resting orders or predict a reversal. Its paper record has no costs. Trading risk is entirely yours; this is research tooling, not financial advice.

The published examples use EURUSD and gold. Use standard intraday candles with enough history; observation timeframes at least as large as the entry chart make the layers easier to interpret.