ZeroDegree

Daily High Low Movement

ZeroDegree Updated   
Indicates the daily high and low drawn by green and red lines. Fill blocks indicate the average value movement relevant to the previous day. Green fills indicate that the value is moving higher than the previous day and red meaning lower.

BA
Release Notes:
Updating the comment for an example of use.
Release Notes:
This capture example shows how to use it for a trailing stop loss. You'll want to never intersect the blocks because the blocks indicate the daily volatility range.
Release Notes:
Updated example chart.
Increased opacity of default fills.
Release Notes:
Updated chart example.
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.

Disclaimer

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