This is a tool I quickly put together to work along side of my round number and Quarter Theory Scripts. This script allows you to set a price range between to values and slice them up into equal price zones. Happy Trading!
The Price Range Waveform calculated the difference from the open to close in percentage based.
The "Critical Range" input field lets you calibrate the zone above which a background color will be triggered.
Very useful in evaluating price expansion/contraction cycles and probable bottoms.
Works on any ticker and any timeframe.
Modification of the "Critical Range"...
