Relative True Range
Dots show the total movement for the period as a percentage (profit potential).
Line shows the volatility of the period in relation to the beginning of the period.
Line shows the volatility of the period in relation to the beginning of the period.
//coded by tmr0
//точки показывают суммарное движение за период в процентах (потенциальная прибыль)
//линия показывает волатильность за период по отношению к началу периода
// dots show the total movement for the period as a percentage (profit potential)
// line shows the volatility of the period in relation to the beginning of the period
study(title="Relative True Range", shorttitle="tRTR", overlay=false, precision=1)
res = input("D", type=resolution)
len = input(20, minval=1)
y0 = (highest(len)-lowest(len))/hl2[len-1]*100
y = security(tickerid, res, y0)
z1= (high-low)/open
z0 = sum(z1, len)*100
z = security(tickerid, res, z0)
plot(z, color=purple, style=circles, transp=0, linewidth=2)
plot(y, color=y>50?red:y>25?orange:y>10?green:blue, style=area, transp=60)
hline(0, linestyle=dotted, color=blue)
hline(10, linestyle=dotted, color=green)
hline(25, linestyle=dotted, color=orange)
hline(50, linestyle=dotted, color=red)