OPEN-SOURCE SCRIPT
Updated Average Daily Range x 3 by Serge
Indicator plots 3 sets of daily extremes based on Average Daily Ranges, to identify probable intraday reversal areas.
The following can be changed in Settings for fine-tuning:
Please note that this indicator is used for intraday trading only.
The following can be changed in Settings for fine-tuning:
- Look-back days for ADR calculation. By default they are set to 5, 7, and 14 days.
- Method of calculation of average. Simple by default, but can be changed to Exponential (tick the 'EMA' checkbox).
Please note that this indicator is used for intraday trading only.
Release Notes
Daily Open line has been added.Release Notes
Bug fix for the issue where data could be fetched for the same symbol from different exchange.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our 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.