OPEN-SOURCE SCRIPT
Average Daily Range Zones
Aktualisiert
The Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This range is is overlaid and centered on the day's open, and tends to act as areas of support and resistance . This indicator provides two aggregation periods, creating a range that represents volatility in the ADR; a wider spread indicates greater recent volatility , and vice-versa.
Thanks to hank Hill for the original idea and ToS script this is based on, and TV for the feedback and support on the use of the security() function.
Thanks to hank Hill for the original idea and ToS script this is based on, and TV for the feedback and support on the use of the security() function.
Versionshinweise
Added a toggle to display the ADR on today's session only.Versionshinweise
Added toggleable standard deviation levels.Versionshinweise
Fixed a type in the settings menu.Versionshinweise
- Cleaned up some inputs, improved visibility of base ADR levels, and added more customization for visibility.
- Added a Custom Timeframe option (changes the "Daily" part of "Average Daily Range").
Also, if you like this indicator, check out some of my other work!
Versionshinweise
Added a toggleable Day Open plot with fill between open and upper/lower ADR.Versionshinweise
- Updated to PineScript v5
- Added a toggle for the fill between the day open and first ADR.
Versionshinweise
- Added a toggle to disable all plots on non-intraday timeframes.
- Added color customization options in Inputs.
Versionshinweise
- Added a "dynamic" mode toggle that hides the standard deviations zones until price crosses the previous ADR level. Defaults to "ON".
Versionshinweise
- Added two more standard deviation levels to account for recently wide swings in all major indices.
- The first ADR (21 by default) now always draws thicker white lines on each zone.
Versionshinweise
- Updated toggles to allow dynamic mode to ignore deselected standard deviations.
Versionshinweise
- Added Variance as an alternative to Standard Deviation when drawing extra zones.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Thanks for using my indicators; I hope they make you money! Check out the website link for more, and thanks for your support!
Haftungsausschluss
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