Exceptional Movement — Indicator by Traderheld

statistics

This indicator is a simple tracker for exceptional movement.

It compares the range of the latest candle with the average daily range of the past 20 candles.
The option for the multiplier defines how big the current movement should be to be defined as exceptional movement.

Release Notes:

- added option to define custom period for ADR

Release Notes:

- only highlights the realtime bar

www.patreon.com/RATIndicators

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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