OPEN-SOURCE SCRIPT

Weekly Range & Trend (Signed)

Weekly Trend & Range is basically calculated every week.

It helps to get a broad idea whether coming week market can be directional , volatile or range bound action. So this helps me to get a hint which style of approach should be given more important on positional basis like directional or non-directional.

I mostly track in BANKNIFTY , NIFTY , SENSEX

For example:

Average range difference of past 4 weeks is bigger in compare to current week range difference means good chance for directional opportunities.

Average range difference of past 4 weeks is lesser in compare to current week range difference means good chance for non-directional opportunities.

Directional or Non-directional hint is been shown in terms of probability . So based on this i plan my week and trades.
educationalmultitimeframeTrend Analysis

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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