OPEN-SOURCE SCRIPT
Mr.Snake Chanell MTPL
Hello!
Found Mr. Snakes Channell and I added the red average channells and multiple channells.
This idea is to find out where it all ends up in a dayrange with help from 720 , 360, 180 , 90 minutes,
Green is upper channell
Blue is lower channell
Red is average of blue and red
Linewidth is 1-5 to see the difference of ranges
I also added an yellow dot to see the "average of the average".
Maybe someone can add an calculation of the percentage in the ranges, in someway to find out probability where it goes.
Found Mr. Snakes Channell and I added the red average channells and multiple channells.
This idea is to find out where it all ends up in a dayrange with help from 720 , 360, 180 , 90 minutes,
Green is upper channell
Blue is lower channell
Red is average of blue and red
Linewidth is 1-5 to see the difference of ranges
I also added an yellow dot to see the "average of the average".
Maybe someone can add an calculation of the percentage in the ranges, in someway to find out probability where it goes.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.