IPDA operating range by makuchaku

Determining operating range is critical for trading.
You *need* to sell in premium & buy in discount.

This script determines an operating range by stepping back on an HTF timeframe to calculate that HTF candle's range. If the current candle in HTF breaks out, the range expands accordingly.

The timeframe mapping I've used is

Intraday & <= 2H : use Daily as HTF range
Intraday & > 2H : use Weekly as HTF range
Daily : use Monthly as HTF range
Weekly : use 6 Months as HTF range

The HTF mapping is my own personal preference. If you prefer, you can easily copy the indicator and create your own mapping.

Once the HTF range is known, the indicator also plots 0%, 25%, 50% and 100% levels.

Notes de version

Updated details on chart

Notes de version

Cleanup

Notes de version

When replaying candlesticks, old lines from the IPDA range are now deleted

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.

makuchaku

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

makuchaku