OPEN-SOURCE SCRIPT
st_limits
The indicator shows the lower limit as a fraction of the maximum for the period, the upper limit as a multiplier to the minimum for the selected period. The following parameters are used: a period and two coefficients. The lower limit is constructed by multiplying the maximum for the selected period by a factor of 1, the upper limit is constructed by multiplying the minimum for the selected period by a factor of 2. Going over the period, and the values of the coefficients, it is necessary that the graph does not intersect the upper and lower limits, in this case we get the upper and lower limits.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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