OPEN-SOURCE SCRIPT
IU Average move
How The Script Works :
1. This script calculate the average movement of the price in a user defined custom session and plot the data in a table from on top left corner of the chart.
2. The script takes highest and lowest value of that custom session and store their difference into an array.
3. Then the script average the array thus gets the average price.
4. Addition to that the script converter the price pip change into percentage in order to calculate the value in percentage form.
5. This script is pure price action based the script only take price value and doesn't take any indicator for calculation.
6. The script works on every type of market.
7. If the session is invalid it returns nothing
8. The background color, text color and transparency is changeable.
How User Can Benefit From This Script:
1. User can understand the volatility of any session that he/she wish to trade.
2. It can be helpful for understanding the average price moment of any tradeble asset.
3. It will give the average price movement both in percentage and points bases.
4. By understanding the volatility user can adjust his stop loss or take profit with respect his risk management.
1. This script calculate the average movement of the price in a user defined custom session and plot the data in a table from on top left corner of the chart.
2. The script takes highest and lowest value of that custom session and store their difference into an array.
3. Then the script average the array thus gets the average price.
4. Addition to that the script converter the price pip change into percentage in order to calculate the value in percentage form.
5. This script is pure price action based the script only take price value and doesn't take any indicator for calculation.
6. The script works on every type of market.
7. If the session is invalid it returns nothing
8. The background color, text color and transparency is changeable.
How User Can Benefit From This Script:
1. User can understand the volatility of any session that he/she wish to trade.
2. It can be helpful for understanding the average price moment of any tradeble asset.
3. It will give the average price movement both in percentage and points bases.
4. By understanding the volatility user can adjust his stop loss or take profit with respect his risk management.
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.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.