OPEN-SOURCE SCRIPT
Range Percentile Floor | Astral Vision
Range Percentile Floor | Astral Vision 🌠💠
This indicator identifies statistically extreme low price zones by plotting a percentile-based floor level derived from the highest and lowest price over a configurable lookback window. When price closes below this floor, the background highlights the condition, flagging potential oversold or capitulation zones relative to recent range structure.
Calculation ⚙️
The indicator calculates the highest high and lowest low over the lookback length, then linearly interpolates a floor level at a user-defined percentage of that range, measured from the low. A lower percentage places the floor closer to the range minimum, making the signal more extreme and selective; a higher percentage raises the floor, triggering more frequently.
Plots 📊
- Floor Line: the calculated percentile level, plotted with a glow effect for visibility
- Background highlight: activates when price closes below the floor line
Inputs 🎛️
- Lower Band %: the percentage of the range used to calculate the floor level
- Bottom Finder Length: the lookback period used to determine the high/low range
Colors 🎨
5 Astral Vision presets + custom override. Default: Paradiso.
Purpose 🎯
Most range-based extremity tools rely on fixed statistical models (z-scores, standard deviations) that assume a specific distribution shape. This indicator instead uses a pure percentile-of-range approach, making it distribution-agnostic and easy to interpret directly on the price chart without needing a separate oscillator pane. It's designed to flag when price enters a historically underrepresented low zone within its own recent trading range.
Disclaimer ⭕️
This indicator is provided for informational and educational purposes only. It does not constitute financial advice. Past performance and historical price behavior are not indicative of future results. Always conduct your own research and risk management before making trading decisions.
This indicator identifies statistically extreme low price zones by plotting a percentile-based floor level derived from the highest and lowest price over a configurable lookback window. When price closes below this floor, the background highlights the condition, flagging potential oversold or capitulation zones relative to recent range structure.
Calculation ⚙️
The indicator calculates the highest high and lowest low over the lookback length, then linearly interpolates a floor level at a user-defined percentage of that range, measured from the low. A lower percentage places the floor closer to the range minimum, making the signal more extreme and selective; a higher percentage raises the floor, triggering more frequently.
Plots 📊
- Floor Line: the calculated percentile level, plotted with a glow effect for visibility
- Background highlight: activates when price closes below the floor line
Inputs 🎛️
- Lower Band %: the percentage of the range used to calculate the floor level
- Bottom Finder Length: the lookback period used to determine the high/low range
Colors 🎨
5 Astral Vision presets + custom override. Default: Paradiso.
Purpose 🎯
Most range-based extremity tools rely on fixed statistical models (z-scores, standard deviations) that assume a specific distribution shape. This indicator instead uses a pure percentile-of-range approach, making it distribution-agnostic and easy to interpret directly on the price chart without needing a separate oscillator pane. It's designed to flag when price enters a historically underrepresented low zone within its own recent trading range.
Disclaimer ⭕️
This indicator is provided for informational and educational purposes only. It does not constitute financial advice. Past performance and historical price behavior are not indicative of future results. Always conduct your own research and risk management before making trading decisions.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
My premium indicators are available on Whop:
whop.com/astralvision
Astral Vision 🌠💠
whop.com/astralvision
Astral Vision 🌠💠
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
My premium indicators are available on Whop:
whop.com/astralvision
Astral Vision 🌠💠
whop.com/astralvision
Astral Vision 🌠💠
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.