OPEN-SOURCE SCRIPT

Closing Range

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Indicator shows the closing range of each bar. Closing range is where the bar closes (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%.

In addition, the indicator multiplies closing range by volume to weight toward high volume days.

A simple moving average is applied to visualize trend in volume-weighted closing range over time.

Options include changing the threshold of bullish closes. The default is 50%, but you can view a close above 40% as a bullish.

Simple moving average can be enabled/disabled as well as the length adjusted.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.