optional method for cumulative averaging of the range variation. optional length for averaging range variation.
This script shows the London and NY Sessions on your chart. Decided to publish it on demand for user yuan642 :D. Maybe other users may find it helpful. Looking back on charts it can help to spot certain moves or patterns around certain Session open when high volumes enter the markets.
Function to derive the frequency a range is visited over time. returns value (0 to 1) percent multiplier
Request for DCC/coondawg71 added support for using session. theres a issue with the session it needs to have the format inverted: (start-end) to (end-start) '0000-1500' to '1500-0000'
Grid based on maximum range (largest candle) avaible on loaded data.
Average Price Movement inidcator displays the high/low for the period over time. On top of that an 8 period exponential moving avergae is attached to get average movement over time. It provides, for eg. on a Daily chart, gives a day range and this can be used to book profits or place stop loss. It is very simple indicator to provide price range over time.
UPDATE: had a minor bug on how to detect the range.
Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
absolute range divided by 64 pieces, needs part 1 to complete. part 2 of 2
absolute range divided by 32 pieces part 1 of 2
EXPERIMENTAL: Scalper channel inspired by keltner's channels
Easy script to find candles which body is less than 50% of candle range.
EXPERIMENTAL: center is based on the mean of price on X bars lookback window, channel width is determined buy maximum volatility from the mean outwards(to the extremes).
EXPERIMENTAL: Adaptation from stop hunt levels: Uses timeframe and atr to set ranges.