Range Bound - Rev NR - 12-25-22 — Indicator by hockeydude84

bandsandchannels sentiment trendanalysis

RangeBound - Code tracks price action within a user specified range (lookback), and tracks/charts overall high/lows, open high/lows, and close high/lows. Code resets certain parameters based on break of range to assist with determine price action - Can be useful to determine resistances to movement regardless of S&R levels. Code also uses the previous 5X Close High/Lows ranges as will chart as support and resistance to assist with determine resistance to price action

Note if using "redraw" shorter lookback periods will take additional time to compile due to multiple "redraws/deletes of previous lines" Uncheck redraw to reduce compile time

//The first code I have decided to publish :)

Release Notes:

Fixed a Typo Error

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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