PROTECTED SOURCE SCRIPT
Range
Range finder -- identify a range that price is likely to trade between
Range is calculated by adding/subtracting the average variance from a previous period's OHLC4;
setting examples:
[default]
(Average Daily Variance +/- the previous hour's OHLC4)
EMA -- # of Hours: 24
OHLC4 Period(in minutes): 60
(Average 3D Variance +/- the previous half day's OHLC4)
EMA -- # of Hours: 72
OHLC4 Period(in minutes): 720
(Average Weekly Variance +/- the previous day's OHLC4)
EMA -- # of Hours: 168
OHLC4 Period(in minutes): 1440
*for 24/7 markets,
for traditional markets & forex adjust the observed times accordingly
Range is calculated by adding/subtracting the average variance from a previous period's OHLC4;
setting examples:
[default]
(Average Daily Variance +/- the previous hour's OHLC4)
EMA -- # of Hours: 24
OHLC4 Period(in minutes): 60
(Average 3D Variance +/- the previous half day's OHLC4)
EMA -- # of Hours: 72
OHLC4 Period(in minutes): 720
(Average Weekly Variance +/- the previous day's OHLC4)
EMA -- # of Hours: 168
OHLC4 Period(in minutes): 1440
*for 24/7 markets,
for traditional markets & forex adjust the observed times accordingly
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.