OPEN-SOURCE SCRIPT
[RS]Price Advance & Decline Range Analysis
Updated
i use this mainly to extract average Advance and Decline values to use on linear regression lines.
Release Notes
Update to V6.- inner band now is the average of extreme and positive/negative range.
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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