OPEN-SOURCE SCRIPT

Log Return Distribution

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This indicator calculates the statistical distribution of logarithmic returns over a user-defined lookback period and visualizes it as a horizontal profile anchored to the most recent opening price.

  • Lookback Length: The number of recent bars to include in the distribution analysis. A larger value (e.g., 252) provides a long-term statistical view, while a smaller value (e.g., 20) focuses on recent, short-term volatility.
  • Bins Count: The number of price levels to divide the distribution into. An odd number is recommended (e.g., 31, 51) to ensure a dedicated central line for the 0% return.
  • Max Line Length: The horizontal length (in bars) of the line representing the most frequent return bin (the mode). This setting scales the entire profile, allowing you to make differences in frequency more or less pronounced visually.


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