OPEN-SOURCE SCRIPT
Closing Range
Indicator shows the closing range of each bar. Closing range is where the bar closes (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%.
In addition, the indicator multiplies closing range by volume to weight toward high volume days.
A simple moving average is applied to visualize trend in volume-weighted closing range over time.
Options include changing the threshold of bullish closes. The default is 50%, but you can view a close above 40% as a bullish.
Simple moving average can be enabled/disabled as well as the length adjusted.
In addition, the indicator multiplies closing range by volume to weight toward high volume days.
A simple moving average is applied to visualize trend in volume-weighted closing range over time.
Options include changing the threshold of bullish closes. The default is 50%, but you can view a close above 40% as a bullish.
Simple moving average can be enabled/disabled as well as the length adjusted.
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Aviso legal
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