OPEN-SOURCE SCRIPT
Up/Down Range Momentum
The Up/Down Range breaks the price range into an upward and a downward moving component, so we can easily turn it into a momentum oscillator. This script does just that.
You can find the Up/Down Range (UDR) indicator here:
You can find the Up/Down Range (UDR) indicator here:
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.
Disclaimer
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