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The Suite adds no Range Verdict features; it includes Pine Pro Library, so this desk's code comes with it.
Pine Pro Library · v0.5.0-rc1
Range Verdict Desk hourly range indicator for TradingView
It reads every 15-minute close against the last UTC hour's range and, on two closes beyond it in the New York morning, freezes one plan: a stop of at least 1 ATR and a 2R objective.
RANGE VERDICT · FREE12:30
- Last close
- Outside NY 08:00-12:00
- Reference plan
- Flat
- Risk / objective
- —
SettingsWAVE 2 RECIPE
Morning 1 · the first whole morning after the warm-up
Simulated 15-minute gold candles, not a real market, run through Range Verdict Desk's rules, simplified: our own port of the script, not yet checked against TradingView for this version. Quiet candles run as a time-lapse; the ones that matter slow down. Morning 1: the first simulated New York morning that begins after the script's 250-bar warm-up and in which the desk confirms a plan; Another morning: the next simulated mornings with a plan, in order, whatever they do (after the twelfth, morning 1 again). R is before costs.
Read as text
| Time | Event | Prices |
|---|---|---|
| 07:00 | Morning opens | Prior hour 4,292.12–4,314.89 |
| 07:15 | Closes above the prior hour · Outside NY 08:00-12:00 | Close 4,331.10 |
| 07:45 | Two closes above · Confirmed LONG plan | Close ref 4,328.38 · stop 4,314.89 · 2R 4,355.36 |
| 08:00 | Reference entry at the next open | Entry 4,328.38 |
| 08:15 | Stop touched −1.0R | Exit 4,314.89 |
| 10:45 | Two closes below · Confirmed SHORT plan | Close ref 4,308.33 · stop 4,318.69 · 2R 4,287.61 |
| 11:00 | Reference entry at the next open | Entry 4,308.33 |
| 11:30 | Closes below the prior hour · Skipped: plan already active | Close 4,304.83 |
| 12:00 | Timed exit +0.4R | Exit 4,303.93 |
A Pine v6 indicator · the full source in Pine Pro Library. It draws reference plans; it places no orders.
Fade or follow.
One range, two readings: a wick out and a close back inside is Fade's signal, and two closes beyond it is Accept's, the desk's default.
ACCEPT
Two closes above 4,302.87: Accept's LONG plan, stop 4,302.87, objective 4,422.99.
- The prior hour's range: true, 4,258.07–4,302.87
- Fade's reading: true, a wick above, a close inside: SHORT
- Accept's two closes: true, 2 of 2 closes above: LONG
- What the desk does: true, Accept: a LONG plan
The same simulated gold. This film is from morning 1 on, the first simulated hour in which the Fade setting would make a plan (a candle wicks through the prior hour's range and closes back inside) and two later closes beyond it make the desk's Accept plan. Fade is the script's other mechanism, one setting away.
Reference
The last UTC hour
Four complete 15-minute candles; after a gap in the data, no range until a whole hour has passed.
Accept
Two closes beyond
Two closes in a row beyond the same side, inside the current hour. The default.
Fade
Out and back
A wick through one side and a close strictly inside; through both sides is no signal.
One an hour
One attempt
The hour's first signal spends it, even when a held plan refuses it.
Where it closes decides.
Drag the last candle's close and pick the mechanism: the script answers in its own words, with a plan or a wait.
Confirmed LONG plan Two closes above 4,128.00: from the next open, stop 1 ATR away, 4,127.50, objective 4,136.50.
Mechanism
A drawn example, the same candles each time, with an ATR of 3.00. The verdict is the script's own rule, run on what you set.
Stop
At least 1 ATR
The farther of 1 ATR and the range's edge (Accept) or the candle's wick (Fade).
Objective
Two risks
Twice the risk from the signal close, frozen with the stop.
Entry
The next open
A reference plan, not a fill: the script places no orders.
Window
08:00 to 12:00
Signal closes at or after 08:00 New York and before 12:00, by default.
Stop, objective or noon.
A plan ends at its stop, at its 2R objective, or at 12:00, when one still held exits at the next open.
TARGET
Target touched: the objective, 4,218.54, two risks from the signal close. +2.0R from the next open, 4,239.62.
- The signal close: true, SHORT · close 4,239.62
- The stop: true, 1 ATR away, 4,250.16
- The objective: true, 2R, 4,218.54
- The ending: true, Target touched +2.0R
Three plans from the same simulated gold: from morning 1's first plan on, the first simulated plan to reach its objective, the first to touch its stop, and the first still held at noon. R runs from the next open to the exit, before costs.
Stop first
Both in one candle
When one candle touches the stop and the objective, the script counts the stop.
Gaps
At the open
An open past a level ends the plan at that open: Gap stop, or Gap target.
Noon
The window's end
A plan still held when a candle closes at 12:00 exits at the next open, whatever its R.
A cap
Sixteen candles
At most sixteen held candles; in the default window, 12:00 comes first or at once.
Paste it. Read the verdict.
One file, the complete v0.5.0-rc1 indicator, ready for TradingView's Pine Editor.
On a phone? Send this page to your desktop.
- Copy the indicatorThe button copies the whole file.
- Paste it in the Pine EditorOpen a new indicator, replace the sample, save.
- Add it to a 15-minute chartIt stops on any other timeframe: its reference is the UTC hour.
//@version=6 // Original ProEA Lab implementation. Utility release candidate 0.5.0-rc1; labels and tooltips reworded 2026-10-15. // Closed-bar decisions; UTC frames; four fixed NY signal-close windows; stop-first reference ambiguity. indicator("Range Verdict Desk FREE v0.5 Utility RC1", overlay=true) const string EDITION = "FREE"const bool PREMIUM = falseconst string SOURCE_VERSION = "0.5.0-rc1"int fromTime = input.time(timestamp("01 Jan 2018 00:00 +0000"), "Signal close from (inclusive)", group="Research dates")int toTime = input.time(timestamp("01 Jan 2099 00:00 +0000"), "Signal close to (exclusive)", group="Research dates")int refHours = 1string mechanism = input.string("Accept", "Mechanism", options=["Fade","Accept"], group="Recipe", tooltip="Fade: one-sided wick sweep then close inside. Accept: two closes beyond the same frozen boundary. These are hypotheses, not recommendations.")bool trendFilter = input.bool(false, "EMA50 / EMA200 alignment", group="Recipe")float atrFloor = 1.0float targetR = 2.0int maxBars = 16float assumedCost = input.float(0.40, "Assumed round-trip price cost", minval=0.0, step=0.1, group="Costs", tooltip="Illustrative: XAU 0.40, NAS100 2.00, US500 0.60 price units. NOT a live broker quote. Lab fees must also be set in Properties; this input only screens plans.")bool useCostGate = falsefloat maxCostR = 0.10string researchWindow = input.string("08:00-12:00", "NY signal-close window", options=["00:00-04:00","04:00-08:00","08:00-12:00","12:00-16:00"], group="Timing", tooltip="Four fixed New York windows to choose from. IANA New York time automatically handles DST. Signal closes at the end boundary are excluded. By default held plans request exit at window end and fill next available open. Timing experiments can stop entries earlier or disable this window-end exit without changing the bar cap.")int sessionStart = researchWindow == "00:00-04:00" ? 0 : researchWindow == "04:00-08:00" ? 240 : researchWindow == "08:00-12:00" ? 480 : 720int sessionEnd = sessionStart + 240int earlyCutoffMinutes = 0bool useWindowExit = truebool useRangeGate = falsefloat minRangeATR = 2.0bool useMidpoint = falsebool useBreakeven = falsebool showRange = input.bool(true, "Reference range", group="Display")
No coding needed.
01 · Library
Full source
The full Pine v6 source is in Pine Pro Library: read it, change it, keep it.
02 · Pine v6
An indicator
It draws the range, the plan and its panel; it places no orders.
03 · Your chart
15 minutes
Any symbol on standard 15-minute candles; New York time follows daylight saving.
04 · Settings
Four to choose
Fade or Accept, the EMA 50 / 200 filter, one of four New York windows, and the dates it reads.
Straight answers.
What do I get?
The page, the films and the manual are open to everyone. The code, the complete indicator, is in Pine Pro Library: $49 once for every desk and every update, or included in the Complete Suite. Sign in to copy or download.
Does it make money?
We make no promise of results. The script draws a plan on closed candles; whether to take it, and the risk, stay with you.
What does WAVE 2 RECIPE mean?
A configuration label: it names the settings in use, not a result, as the script's own tooltip says. Range Verdict Desk's plan is fixed to that recipe: a 1 ATR stop floor, 2R, sixteen candles, out at the window's end.
Does it repaint?
No. Every decision reads a closed 15-minute candle, the plan is frozen at the signal close, and its entry is the next open.
Why New York, 08:00 to 12:00?
It is one of four fixed New York windows (the script's tooltip). You can start the window at 00:00, 04:00, 08:00 or 12:00.
What does the Suite add?
No Range Verdict features. It holds the other things we make, for one payment, and it includes Pine Pro Library, so this desk's code comes with it.
We, ProEA Lab, build Range Verdict Desk. The films run its rules, simplified, on simulated candles, not market data; R is before costs. Not financial advice.
Complete Suite · $97 · one payment
The Suite adds no Range Verdict features; it includes Pine Pro Library, so this desk's code comes with it.
Full manual.
Every rule, setting and panel row, one topic at a time.
Open the full manualClose the full manual
00 What is the reference range?
The high and low of the last complete UTC hour: four adjacent 15-minute candles. The script draws them over the current hour and reads every close against them. After a gap in the data there is no range until a whole hour has passed.
01 Fade or follow?
Accept, the default, follows a break: two closes in a row beyond the same side, inside the current hour. Fade takes the other side of a failed one: a wick through one side and a close strictly back inside. A candle that wicks through both sides is no signal.
02 Read your chart.
- The boxes: the prior UTC hour's high and low, drawn over the hour that reads them.
- L and S: a confirmed long or short plan, under or over its signal candle.
- The lines: while a plan is held, its signal-close reference, its stop and its 2R objective.
- RANGE VERDICT | FREE
- The edition.
- UTC H1 / M15 | Accept / no filter
- The reference frame and the chart, then the mechanism and the EMA filter ("+ EMA" when it is on).
- Last close
- The decision at the last closed candle: Wait for Accept, Confirmed LONG plan, Confirmed SHORT plan, One attempt used this frame, Skipped: plan already active, Skipped: EMA context, Outside NY 08:00-12:00, Incomplete prior UTC frame, Warmup: 250 bars.
- Reference plan
- Flat, Pending next open, Active / frozen, or Exit pending / protected.
- Risk / objective
- While a plan is held: its planned risk in price, then 2R.
- Settings | WAVE 2 RECIPE
- A configuration label: it names the settings in use, not a result.
- NY research window
- The window you chose: 08:00-12:00 by default.
03 Install and check.
- Open a 15-minute chartStandard candles only: the script stops on any other timeframe, or on shortened candles.
- Paste and addPine Editor → New indicator → paste → Save → Add to chart.
- Check the panelTop right: the edition, the mechanism and the last close's decision.
Download the indicator (.pine)Licence
The indicator · the complete source · range-verdict.pine
04 Every rule, one question at a time.
Exactly when is a plan confirmed?
At a closed 15-minute candle, once the script has seen 250 of them: the prior UTC hour is complete; the close falls at or after the window's start and before its end (08:00 to 12:00 New York by default); the hour has not spent its one attempt; and the mechanism reads a side. With the EMA filter on, a long also needs the close above the EMA 50 and the EMA 50 above the EMA 200.
The first such signal in an hour spends the attempt even when a held plan refuses it (Skipped: plan already active), and no new plan starts on the candle where the last one ended.
Where do the stop and the objective go?
Risk is the larger of 1 ATR (14) and the close's distance past its anchor: the range's edge for Accept, the candle's wick for Fade. The stop sits one risk behind the signal close and the objective two risks ahead. Both are frozen at the signal close; the reference entry is the next available open.
How does a plan end?
An open past the stop or the objective ends it at that open (Gap stop, Gap target). Otherwise a candle that reaches a level ends it there (Stop touched, Target touched), and a candle that reaches both counts the stop (Both touched: stop first). A plan still held when a candle closes at the window's end, or after sixteen held candles, exits at the next open (Timed exit).
Which settings can I change?
Mechanism (Accept or Fade), the EMA 50 / 200 alignment, one of four New York windows (00:00, 04:00, 08:00 or 12:00, four hours each), the research dates, an assumed round-trip cost (illustrative, it changes no plan here), and what the chart shows: the range, the plan, the markers and the panel. The stop floor, the objective, the bar cap and the exit at the window's end are fixed in this script.
What can change the reading?
Every decision reads closed candles. Changing the symbol, the feed, the window or the inputs recalculates the history. A plan is a reference, not a broker fill; your fills and costs differ. It is research tooling, not financial advice.
Every change, dated
What shipped and what changed in Range Verdict Desk, newest first. Ask for the next change below; what gets built lands here with a date, and on the lab queue on the front page.
Range Verdict Desk v0.5.0-rc1 Shipped
Two closes beyond the last UTC hour's range, then one frozen plan to 2R.
BUILT WITH TRADERS
Something to change in Range Verdict Desk?
A small friction or a big idea. Tell us what would make this tool work better for you.
Requests for a new tool go on the same queue: see what is asked for and what is being built.