PINE LIBRARY
Distributions
Updated
Library "Distributions"
Library with price distribution zones calculation helpers.
Based on research from "Trading Systems and Methods, 5th Edition" by Perry J. Kaufman
getZones(h, l, c, window)
Returns price distribution zones based on HLC and for some period
Parameters:
h: high price
l: low price
c: close price
window: period to calculate distributions
Returns: tuple of 5 price zones in descent order, from highest to lowest
Library with price distribution zones calculation helpers.
Based on research from "Trading Systems and Methods, 5th Edition" by Perry J. Kaufman
getZones(h, l, c, window)
Returns price distribution zones based on HLC and for some period
Parameters:
h: high price
l: low price
c: close price
window: period to calculate distributions
Returns: tuple of 5 price zones in descent order, from highest to lowest
Release Notes
v2Added:
plotZonesTable(zHighest, zHigh, zMiddle, zLow, zLowest, window)
Plots table of price distribution zones
Parameters:
zHighest: highest prices distribution zone
zHigh: upper-middle prices distribution zone
zMiddle: middle zone of prices distribution
zLow: lower-middle distribution zone
zLowest: lowest distribuion zone
window
Release Notes
v3Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.