OPEN-SOURCE SCRIPT
Anchored Progressive Range
מעודכן
Introducing a simple script based off of the idea that ranges form from a point of origin that can be measured and produce interesting analysis indicating potential opportunities.
Specifically I use this on daily and weekly anchorage to find mid range retracements once range has developed.
Configure internal multipliers to provide potentially useful measurements between range high and mid point, as well as mid point and range low. By default it's standard .25 based multipliers but one could adjust to fib multipliers such as .615, .65, etc.
Anchored open price is plotted as continuous line as often times reversals will occur and open price will be tested on daily, weekly, monthly timeframes.
Once a bit of range is established and there's a rapid adjustment of range mid up or down, these can signal interesting breakouts. Also areas where the range stays flat due to no new high or low being printed can be indicative of consolidation, etc.
I've tested this with heikin ashi, renko, bars, line and regular candles through various markets such as futures, etfs and stocks and everything appears to anchor correctly, please feedback if experiencing otherwise.
I hope you enjoy this indicator as much as I enjoyed creating it, happy trading!
Specifically I use this on daily and weekly anchorage to find mid range retracements once range has developed.
Configure internal multipliers to provide potentially useful measurements between range high and mid point, as well as mid point and range low. By default it's standard .25 based multipliers but one could adjust to fib multipliers such as .615, .65, etc.
Anchored open price is plotted as continuous line as often times reversals will occur and open price will be tested on daily, weekly, monthly timeframes.
Once a bit of range is established and there's a rapid adjustment of range mid up or down, these can signal interesting breakouts. Also areas where the range stays flat due to no new high or low being printed can be indicative of consolidation, etc.
I've tested this with heikin ashi, renko, bars, line and regular candles through various markets such as futures, etfs and stocks and everything appears to anchor correctly, please feedback if experiencing otherwise.
I hope you enjoy this indicator as much as I enjoyed creating it, happy trading!
הערות שחרור
Updated anchor input to timeframe input and opened it up to whatever you want, I'm honestly not sure what I was thinking restricting it to only a subset :DEnjoy!
סקריפט קוד פתוח
ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יוכלו להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אבל השימוש החוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.
רוצה להשתמש בסקריפ זה בגרף?
@tradeseekers (YouTube, Twitter)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.