This super simple script helps spotting possible turnarounds and targets on intraday level.
The average daily range is calculated over a period of 20 days, which is approximately a trading month.
The black lines indicate the upper and lower range targets, moving closer with each new intrady high and low.
As you might recognize, in most cases the price is about to turn when one range target is hit.
The red and green lines are showing previous day's high and low as referneces.
Enjoy!
Warm regards,
Constantine Trading