OPEN-SOURCE SCRIPT
Daily & Weekly Closing Range % (Screener Compatible)
Overview
This indicator calculates the Daily Closing Range (DCR) and Weekly Closing Range (WCR) as a percentage. It measures where the price finishes relative to the session's high and low.
This is a staple metric for trend followers and "CANSLIM" style traders (popularized by platforms like Deepvue and MarketSmith) to identify institutional support. A high closing range (e.g., >80%) indicates that despite intraday volatility, buyers were aggressive enough to hold price near the highs.
Key Features
Screener Integration:
Designed specifically to work with the TradingView Stock Screener (Beta). You can now filter your universe for stocks closing in the top 10% or 25% of their range.
Dual Timeframe: Pulls both Daily and Weekly data regardless of the timeframe you are currently viewing.
Clean Visuals: Includes a histogram at the bottom of your chart for quick visual confirmation of price "tightness."
How to use for Screening:
Add this script to your chart.
Open the Stock Screener (Beta).
Add a filter and search for "Closing Range Tracker".
Select Daily Closing Range and set the value to Greater than 90 to find stocks finishing at the dead-highs.
This indicator calculates the Daily Closing Range (DCR) and Weekly Closing Range (WCR) as a percentage. It measures where the price finishes relative to the session's high and low.
This is a staple metric for trend followers and "CANSLIM" style traders (popularized by platforms like Deepvue and MarketSmith) to identify institutional support. A high closing range (e.g., >80%) indicates that despite intraday volatility, buyers were aggressive enough to hold price near the highs.
Key Features
Screener Integration:
Designed specifically to work with the TradingView Stock Screener (Beta). You can now filter your universe for stocks closing in the top 10% or 25% of their range.
Dual Timeframe: Pulls both Daily and Weekly data regardless of the timeframe you are currently viewing.
Clean Visuals: Includes a histogram at the bottom of your chart for quick visual confirmation of price "tightness."
How to use for Screening:
Add this script to your chart.
Open the Stock Screener (Beta).
Add a filter and search for "Closing Range Tracker".
Select Daily Closing Range and set the value to Greater than 90 to find stocks finishing at the dead-highs.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.