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Candle Average Price Finder
Description
The Candle Average Price Finder is a selection tool designed to calculate the average price of a specified candle source within a user-defined range. By placing two anchor points on the chart, users can select a specific range of candles. The tool then computes the average of the chosen candle source—whether it's the open, close, high, or low price—over the selected range.
For example, if the candle open source is selected, the tool will calculate the average of all the open prices between the two anchor points. Once the calculation is complete, a horizontal line representing the average price is drawn. This line remains visible on the chart, providing a reference for the calculated value.
The tool allows for flexible analysis across different candle sources, making it adaptable to various charting needs. It offers a clear visual representation of the calculated average to assist users in reviewing price data within the specified range.
How to use
- Place two anchor points on the chart to define the start and end of the desired area.
- In the settings, select the candle source (e.g., open, close, high, or low) to be used for the calculation.
Indicator in use
The Candle Average Price Finder is a selection tool designed to calculate the average price of a specified candle source within a user-defined range. By placing two anchor points on the chart, users can select a specific range of candles. The tool then computes the average of the chosen candle source—whether it's the open, close, high, or low price—over the selected range.
For example, if the candle open source is selected, the tool will calculate the average of all the open prices between the two anchor points. Once the calculation is complete, a horizontal line representing the average price is drawn. This line remains visible on the chart, providing a reference for the calculated value.
The tool allows for flexible analysis across different candle sources, making it adaptable to various charting needs. It offers a clear visual representation of the calculated average to assist users in reviewing price data within the specified range.
How to use
- Place two anchor points on the chart to define the start and end of the desired area.
- In the settings, select the candle source (e.g., open, close, high, or low) to be used for the calculation.
Indicator in use
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