LEVEL is a TradingView indicator for NQ and ES futures. It marks four setups that held up on years of data they had never seen, and it counts each one's trades, win rate and average result from the bars on your own chart.
Each rule was written down first and then run on years it had never seen, and these four kept working there. LEVEL marks the entry and the exit of each one, and TradingView can alert you at both.
When the last hour of the session closes lower, the setup is long from 18:30 to 09:00 New York. It runs on NQ, ES and RTY.
The usual move from the open at each half hour sets a band for the day. A half hour close outside it opens a position, a close back inside ends it, and nothing is held past 16:00. It runs on NQ.
A close in the bottom fifth of the day's range is long until the next close. It runs on NQ.
A deep two day dip is long at the close, and the first close above the 5 day average ends it. It runs on NQ and ES.
A panel on the chart lists every setup with its state right now and its record: how many trades it took in the bars you have loaded, how many finished up, and the average result after a 1 basis point cost. The count updates as new trades close, so a setup that stops working shows it on your screen.
The dashboard tells you how much room is left in dollars. LEVEL converts it for the contract and size you trade and keeps the answer on the chart while the trade is open.
Enter your room, side, entry price and contracts. A red line marks the price where the account fails.
If your firm sets a daily loss limit, enter it and a second line marks that price.
Pick a stop and the share of your room you will risk on one trade. The panel shows how many contracts fit.
Set a TradingView alert that fires when a chosen share of your room is all that is left.
LEVEL marks the prices most intraday futures traders draw by hand each morning, and labels each one at the right edge of the chart. Times follow New York.
Some half hours travel a long way and finish where they began. LEVEL compares the last 30 minutes with what is normal for that time of day over the past 20 sessions, and shades the chart when price is moving hard and going nowhere.
The first week costs $1, and you can cancel any time.
Give your TradingView username at checkout. Access to LEVEL is added to that account within one day, and it appears under Invite only scripts in your Indicators menu.
Start for $1