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Nanda86

Advanced ADR - PivotBoss

Nanda86 Updated   
Average True Range (ATR) Historical Volatility Pivot Points ATR
368
26
averagetruerange historicalvolatility pivotpoints atr
This Script comes straight from PivotBoss Masterclass. Script calculates compression and expansion of prices. ADR is calulated for user defined period and it is compared over 10 period. If the prices goes over 125% of average ADRin the look back period then current price is over expanded and reversal is in the corner. When Prices falls below 65% of average ADR then prices are under compression. Then you should look to position yourself in the direction of the expansion.
snapshot

Expansion leads to compression. Compression leads to Expansion
Release Notes:
Updated Calculation to find if the prices are trading in narrow range over user defined period.
Release Notes:
Added Weekly and Monthly ADR
Release Notes:
Added option to define Narrow and Wide Range Percentage.
Release Notes:
Updated Version
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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