Compass

Compass Indicator:

Higher Timeframe Expected Range Mapping:

Instantly Understand Expensive & Cheap Territories to trade only the best trades in the right place and direction

The Compass Indicator uses Higher Timeframe ATR analysis to map out the Expected Range for the day with a high degree of confidence. Using Higher Timeframes allows you to map out Expensive and Cheap territories directly on your trading chart for superior trade selection and improved performance. Displaying up to 4 Zones simultaneously keeps you on the right side of the market with only the best trade setups.

With the Compass software, you can focus only on Shorts in Expensive territory and Longs in Cheap territory, helping you trade like a pro by staying out of the market when the location isn’t right. The software is fully flexible providing multiple options for selecting the Higher Timeframe (Monthly, Weekly, Daily, 12Hour, 4Hour, or 1Hour) as well as the number of Zones to show all from a single trading chart. The result is a clean, volatility adjusted framework that tells you at a glance whether you're selling into value or chasing into overextension, giving you an objective edge for timing entries, exits, and managing risk.

WHY TRADERS LOVE IT:

• Instant Price Context: One look tells you whether price is trading cheap or expensive relative to its expected range
• Volatility-Adaptive: ATR-driven levels expand and contract automatically as market conditions change, so no manual adjustment is needed
• Multi-Timeframe Flexibility: Six composition options from 1Hour to Monthly, projected onto any chart timeframe
• Clean and Objective Framework: Replaces subjective “feels extended” judgment calls with quantifiable, repeatable zones
• Customizable Zone Splits: Adjust the Expensive and Cheap midpoints to weight zones toward the extremes or keep them balanced
• Set It and Forget It: Levels recalculate at the start of each new higher-timeframe period with zero manual intervention
• Works on Any Market: Futures, stocks, forex or crypto, Compass adapts to any instrument’s volatility profile
• Zero Chart Clutter: Clean zone fills and a single midpoint line, no spaghetti of overlapping indicators

CORE FEATURES:

• ATR-Projected Price Range anchored to the prior period close for objective, volatility-based levels
• 6 Higher Timeframe Compositions (Monthly, Weekly, Daily, 12Hour, 4Hour, 1Hour) for flexible analysis
• 2-Zone and 4-Zone Display Modes to match your preferred level of detail
• Customizable Intermediate Zone Splits with Expensive Midpoint (%) and Cheap Midpoint (%) parameters
• Simple or Exponential ATR Smoothing to match your preferred calculation method
• Adjustable ATR Multiplier to scale the range wider or narrower based on your trading style
• Fully Customizable Visuals including independent fill color, border color, and opacity for every zone
• Auto-Updating Levels that recalculate automatically at the start of each new higher timeframe period

SOLVES THESE COMMON MISTAKES:

• Chasing Price Into Overextension without realizing how far it has already moved within its expected range
• Buying Highs and Selling Lows because you lacked a clear framework for what “cheap” and “expensive” actually mean for today’s session
• Ignoring Volatility Context by using fixed point levels that don’t adapt when the market speeds up or slows down
• Guessing Whether a Move Is “Extended” instead of measuring it against a real, ATR-based range
• Using Yesterday’s Levels in Today’s Market because your support and resistance zones were drawn manually and never updated
• Overcomplicating Your Chart with multiple overlapping indicators when a single volatility based overlay gives you the context you need
• Setting Arbitrary Stops and Targets without understanding where price sits relative to its statistical range
• Taking Low Probability Breakout Trades in zones where price is already overextended and likely to reverse
• Freezing Up on Entries because you had no objective way to determine whether the current price was favorable or not