Learn the Range Trader Strategy | Part 1 - The Levels

In this lesson, I discuss the important levels to know for the Range Trader Futures Trading Strategy.

The indicators on the chart that produce these levels and values are the following:

1) The "T-Line" is a 233 period Exponential Moving Average (EMA) | Built-ins >> Indicators
2) The prior session highs and lows are plotted using the 4C Yest HLC/O indicator | Community Scripts >> Search for the script name
3) The overnight or Globex highs and lows are plotted using the High/Low Of Custom Session indicator | Community Scripts >> Search for the script name
4) Volume Point of Control (VPOC) is calculated with a Session Volume HD script | Built-ins > Volume Profile (These scripts require a paid TradingView plan)

Now for the levels ...

• Identify the prior session high and low.
  
• Identify the overnight high and low.
  
• Identify the prior session VPOC.
  (Current session VPOC is noted only if the overnight range exceeds 50% ATR prior to the U.S. stock market open).
  
• Identify if price is above or below the T-Line (233 EMA), indicating a bull/bear continuation or bull/bear neutral pattern.
  
• Identify the 7-day Average True Range (ATR) for the instrument/product you are trading.
  

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