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Average Gain/Loss

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The Average Gain/Loss indicator adds rays to show what the average trade range might be for a given ticker based on historical data.

Green lines are the average gain, red lines are the average loss and black are the overall average.

Darker lines are the average of close to close and lighter lines are the candle averages.

Default average is set to 50 bars but is adjustable in settings.

Have modification ideas for this indicator? Just let me know and I will gladly consider them!

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