OPEN-SOURCE SCRIPT
Average Stretch
Calculates the average of the minimum absolute move from either open to high or open to low, over the given number of bars.
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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