OPEN-SOURCE SCRIPT
Weekly Open Percent Range
A simple take on finding percentage gain/drop range in a week for ranging or trending market instrument.
This script is hard coded to plot 0 to 3%, -3% range for the week base on instrument weekly open price.
Best to use with measured volatility indicator to gauge the movement of price. Anytime the price goes above the range level then it is likely to be trending. Highly volatile instruments will not find this indicator useful. It is best for heavy instruments like Forex or Indices where range % in a week in a non-volatile move is really quite small that these act as resistances and support.
Range Levels:
3%
2.5%
2%
1.5%
1%
0.75%
0.5%
0.25%
0%
-.25%
-.5%
-.75%
-1%
-1.5%
-2%
-2.5%
-3%
The next step for this indicator is to consider volatility range of instrument and to include this in the percentage zone levels instead of hard coding these.
This script is hard coded to plot 0 to 3%, -3% range for the week base on instrument weekly open price.
Best to use with measured volatility indicator to gauge the movement of price. Anytime the price goes above the range level then it is likely to be trending. Highly volatile instruments will not find this indicator useful. It is best for heavy instruments like Forex or Indices where range % in a week in a non-volatile move is really quite small that these act as resistances and support.
Range Levels:
3%
2.5%
2%
1.5%
1%
0.75%
0.5%
0.25%
0%
-.25%
-.5%
-.75%
-1%
-1.5%
-2%
-2.5%
-3%
The next step for this indicator is to consider volatility range of instrument and to include this in the percentage zone levels instead of hard coding these.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。