Description
READ THE APPROACH - BEFORE PRICE REACHES YOUR LEVEL
ApproachScope turns one trader-selected level into a clear, factual dashboard. It shows how price is arriving, how much the level has already been tested and whether the current data is reliableāespecially useful for XAUUSD execution on M1āM15.
WHAT YOU SEE IN ONE SECOND
- Market state: WAITING, APPROACHING, AT LEVEL or MOVING AWAY
- Approach character: ORDERLY, COMPRESSED, IMPULSIVE, ERRATIC or MIXED
- Level wear: FRESH, TESTED, WORN or CHOPPED
- ATR-normalised distance, path efficiency, test count and live spread context
HOW IT WORKS
Drag the amber line to your own support, resistance, session, range or higher-timeframe level. ApproachScope analyses completed bars around that exact price. Every classification includes a short factual reasonāthere is no unexplained probability score.
HOW TO READ THE PANEL
- APPROACHING - price is progressing toward your level
- AT LEVEL - the completed bar interacted with the level zone
- MOVING AWAY - price is leaving the level
- MARKET CLOSED / INSUFFICIENT DATA - analysis is unavailable or less reliable
BEST FOR
Discretionary intraday traders who choose their own levels and want cleaner context before deciding. All chart timeframes and symbols with valid OHLC and scale data are supported. Broker-specific XAUUSD prefixes and suffixes are handled without exact-name dependency.
KEY SETTINGS
Zone width in ATR, minimum zone in ticks, touch separation, ATR and baseline periods, approach and wear lookbacks, near distance, spread warning, live distance, theme and panel scale.
LOCAL, PRIVATE AND SAFE
ApproachScope runs locally with cTrader access rights set to None. No account history, telemetry, network connection or external server. It cannot place, modify or close trades.
IMPORTANT LIMITATIONS
ApproachScope does not find levels, issue buy or sell signals, predict a bounce or breakout, calculate win probability, TP or SL, or fetch news. ORDERLY describes the recent path; it is not a recommendation. FRESH does not guarantee a bounce, and CHOPPED does not guarantee a breakout. Results depend on broker data, spread, history and symbol specifications. Trading involves risk; always use independent confirmation and risk management.
Summary
Users set a level by dragging an amber line to their chosen support, resistance, session, range, or higher-timeframe price. ApproachScope analyzes completed bars around this level, offering factual classifications with explanations rather than probabilistic scores. It supports all chart timeframes and symbols with valid OHLC and scale data, with special handling for XAUUSD on M1āM15 timeframes.
The indicator runs locally without network access or trade execution capabilities, ensuring privacy and safety. Key configurable settings include zone width, minimum zone size, lookback periods, spread warnings, and panel display options. ApproachScope is intended for discretionary intraday traders seeking clearer context on price behavior near key levels.
