OPEN-SOURCE SCRIPT
Candle Range
Calculates the range of a candle in any given timeframe. While ATR and ADR work well and give you the data over a pre-determined period, knowing the range over one unit of time (day, week, month etc.) has value in some cases. For instance, understanding how price is contracting relative to the ATR has implications on understanding supply and demand dynamics and anticipating impulses, trends and direction.
Data is shown in the form of a plot (in blue at the bottom)
Use in combination with ATR or ADR.
Data is shown in the form of a plot (in blue at the bottom)
Use in combination with ATR or ADR.
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