PROTECTED SOURCE SCRIPT
Price Range Tracker by sma
Price Range Tracker by sma helps traders quickly visualize the current price’s position within a custom price range.
It calculates and displays the highest, lowest, and average price levels over a user-defined period (default: 50 bars).
What it does:
Draws dynamic horizontal lines for the maximum, average, and minimum price levels within the chosen period.
Shows labels next to each level, indicating how far they are from the current price in percentage terms.
Helps traders spot overbought/oversold conditions and potential range breakouts.
How to use:
Adjust the period to fit your timeframe and asset volatility.
Use the percentage distances to assess potential upside/downside from the current price.
Combine with your existing trend or reversal strategies for clearer decisions.
Colors and label distance can be customized to match your chart style.
It calculates and displays the highest, lowest, and average price levels over a user-defined period (default: 50 bars).
What it does:
Draws dynamic horizontal lines for the maximum, average, and minimum price levels within the chosen period.
Shows labels next to each level, indicating how far they are from the current price in percentage terms.
Helps traders spot overbought/oversold conditions and potential range breakouts.
How to use:
Adjust the period to fit your timeframe and asset volatility.
Use the percentage distances to assess potential upside/downside from the current price.
Combine with your existing trend or reversal strategies for clearer decisions.
Colors and label distance can be customized to match your chart style.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.