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IndicatorsIndicator

Expected-Move Bands

Expected-Move Bands — BuildLab indicator (illustrative)
Trend & Volatility

Is today’s move normal, or already extended?

Projects the day’s statistically expected range as ATR-based bands around the session anchor (open or prior settlement). A fast read on whether price is inside a normal day’s range or stretched.

Best for: Index & micro futures; intraday mean-reversion and target-setting.

TradingView · Pine Script v6Plots in: Overlay (price chart)
FREE · FULL SOURCE
Download the indicator
TradingView (.pine)
Tradovate version — coming soon

Open it, read it, edit it — it’s yours. © BuildLab Consulting.

How to use it

Gauge extension

Inside the inner band = quiet; tagging the outer (±1 ATR) band means the day is already near a full expected range — fade or take profit.

Set realistic targets

Use the bands as objective profit targets instead of guessing how far a move “should” go.

Spot trend days

Closing beyond the outer band signals an above-average, trending day — switch from fading to trend-following.

Settings

  • Daily ATR length
    Lookback for the daily Average True Range that sizes the bands.
  • Anchor
    Build the bands from today’s open or the prior settlement.
  • Band multipliers
    Inner/outer band size as multiples of daily ATR (default 0.5× and 1×).

Install

TradingView: open the Pine Editor, paste the .pine source, click Save, then “Add to chart.”

Note: Uses the prior day’s ATR to project today (no lookahead). A probability envelope, not a hard limit.
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