OPEN-SOURCE SCRIPT
Expected Daily Range @shrilss
This indicator provides traders with insights into potential price movements based on statistical analysis of historical data. It calculates expected high and low price levels for the current trading day, as well as maximum expected high and low levels, aiding traders in setting appropriate entry and exit points.
This indicator utilizes the previous day's open and close prices to establish a midpoint, around which the expected price range is calculated. By factoring in a user-defined standard deviation multiplier, traders can adjust the sensitivity of the expected price levels to market volatility.
The script plots the previous day's midpoint, along with the expected high and low price levels for the current day. Additionally, it offers insights into potential maximum price fluctuations by plotting the maximum expected high and low levels.
This indicator utilizes the previous day's open and close prices to establish a midpoint, around which the expected price range is calculated. By factoring in a user-defined standard deviation multiplier, traders can adjust the sensitivity of the expected price levels to market volatility.
The script plots the previous day's midpoint, along with the expected high and low price levels for the current day. Additionally, it offers insights into potential maximum price fluctuations by plotting the maximum expected high and low levels.
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.
Clause de non-responsabilité
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