cristian.d

CD DeMark Range Expansion V1

Filled support resistance zones for better visualization.
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte 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 les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?
//Created by CristianD
study(title="CD DeMark Range Expansion V1", shorttitle="CD DeMark Range Expansion V1", overlay=true) 
sr = input(true, title="Show Daily Range")

range = high - low

// Daily line breaks
sopen = security(tickerid, "D", open)

a=range[1]*0.382
b=range[1]*0.618
h=sopen+a
h1=sopen+b
l=sopen-a
l1=sopen-b


// Color
hcolor=sopen != sopen[1] ? na : maroon
hcolor1=sopen != sopen[1] ? na : red
lcolor=sopen != sopen[1] ? na : green
lcolor1=sopen != sopen[1] ? na : lime


//Daily Range
highrange1 = security(tickerid, 'D', h) 
highrange2 = security(tickerid, 'D', h1) 
lowrange1 = security(tickerid, 'D', l) 
lowrange2 = security(tickerid, 'D', l1) 


offs_daily = 0
H1=plot(sr and highrange1 ? highrange1 : na, title="Daily High1",color=hcolor, linewidth=1)
H2=plot(sr and highrange2 ? highrange2 : na, title="Daily Daily High2", color=hcolor1, linewidth=1)
L1=plot(sr and lowrange1 ? lowrange1 : na, title="Daily Low1",color=lcolor, linewidth=1)
L2=plot(sr and lowrange2 ? lowrange2 : na, title="Daily Daily Low2", color=lcolor1, linewidth=1)

fill(H1,H2,color=lime)
fill(L1,L2,color=maroon)


Commentaires

whats the difference between ADR and this indictor ?
+14 Répondre
@cristian.d
Can you explain how to use this indicator?
+2 Répondre
@albinzr, looks like it bookends the daily range between highs and lows. Sell retests of highs, buy retests of lows. If a range is broken one way or the other you can probably expect expansion in that direction.
Répondre
This is a very nice indicator. Potentially a perfect tool to create a scalping/ltf trade system around. The one thing I can think that would make it better would be an option to plot a mid-line for each range. Thanks!
Répondre
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