OPEN-SOURCE SCRIPT
Compression Day Indicator
Indicator to establish when days are compressed. Compressed being defined as the day's range is smaller than the 5 day Average Daily Range. In essence, marking out small range days.
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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