MORE - MTF Open Retest Extensions [Pro]

Overview

MORE- MTF Open Retest Extensions [Pro] highlights what price typically does after a higher-timeframe structure break (taking out the previous candle’s high or low) and before a potential retest of the current open.

It plots percentile extension levels (above/below the broken side) that quantify how far price has historically moved prior to an open retest if a retest occurs, giving traders objective context for stretch vs. common movement around structural breaks.

Key features

• Break-aware logic: MORE activates only after the current timeframe has broken the prior candle’s high/low. No break → no extensions.

• Open-retest probabilities: Displays the empirical likelihood of retesting the current open following a break, with sensitivity to when in the interval the break occurred (early/late breaks can behave differently).

• Pre-retest extension percentiles: Five percentile bands (e.g., 25/50/75/85/95) show how far price typically extends before any open retest on the broken side.

• Multi-timeframe dashboard: Monitor multiple reference timeframes (e.g., 1h → 12h) while viewing any chart timeframe. See which breaks are active and the highest percentile reached this interval.





• Filtering & display controls: Toggle historical zones, choose zones vs. lines (or both).

• Filtering with a threshold: User can enter a threshold for the historical probability so that the open, zones, levels and dashboard only show for timeframes above this user defined input. e.g. input of 70%, zone and levels will only be drawn when the historical data was greater than or equal to this level.

• Show selected timeframe or all untested opens the dashboard is showing as "Active"



• 2 Alert types: Set for a specific timeframe to alert an activate open for retest or set a percentile level to be crossed and alert on cross.

No signals, just context: MORE is a descriptive tool for structure and stretch—use it alongside your own strategy and risk framework.

Methodology (transparency)

• MORE uses embedded statistical datasets constructed from extensive historical price behavior across multiple timeframes.

• Each dataset represents conditional empirical outcomes—specifically, how far price extended beyond a prior candle’s high/low before retesting its open on the same timeframe.

• Percentiles and probabilities are calculated from these internal data arrays, ensuring the indicator runs deterministically on TradingView with no external data connections.

• The proprietary component lies in:

The way volatility and structure are normalized across timeframes;

How conditional breaks and open-retest windows are segmented; and

How percentile extension zones are blended into continuous statistical envelopes.

• These methods and datasets are unique to LevelLogic Indicators and are not replicated from any public or open-source scripts.

• Outputs summarize historical tendencies for educational context only — they are not predictive signals.

How to use

• Pick the reference timeframe (e.g., 1H, 2H, 4H, … 12H).

• Wait for a break of the prior candle’s high/low on that timeframe—MORE then plots the pre-retest extension percentiles on the broken side.

• Use the open-retest probability as context only; combine with your own entry/management rules.

• Optionally toggle historical view to study prior intervals and how far price usually stretched before any open retest.

• Consider alerts on percentile crosses if you want notifications when price enters statistically stretched areas.

Notes

Educational/analytical tool — no signals, no performance or outcome promises.

Historical tendencies change with regime; treat outputs as context, not advice.

Non-standard bars (e.g., Heikin Ashi/Renko) are for display only.

Credits

Developed by LevelLogic Indicators to provide clear, empirical context around breaks and open-retest behavior across multiple timeframes.

Invite-only script

Only users approved by the author can access this script. Request permission per the author’s instructions.