OPEN-SOURCE SCRIPT
Average Candle Range [UkutaLabs]
█ OVERVIEW
The Average Candle Range is a powerful indicator that compares the size of the current bar to past bars. This comparison can be used in a wide variety of trading strategies, allowing traders to understand at a glance the relative size of each candle.
█ USAGE
As each candlestick forms, two bars will be plotted on the indicator. The grey bar represents the total range of the candle from the high to the low, and the second bar represents the body of the bar from the open to the close. Depending on whether the bar is bullish or bearish, the second bar will be colored green or red respectively.
Two averages will also be drawn over these bars that represent the average size of the two bar types over a period that is specified by the user. These averages can be toggled in the indicator settings.
█ SETTINGS
Configuration
• Period: Determines how many bars to use in the calculation of the averages.
• Show Bar Average: Determines whether or not the average for the full bar size is displayed.
• Show Body Average: Determines whether or not the average for the body is displayed.
The Average Candle Range is a powerful indicator that compares the size of the current bar to past bars. This comparison can be used in a wide variety of trading strategies, allowing traders to understand at a glance the relative size of each candle.
█ USAGE
As each candlestick forms, two bars will be plotted on the indicator. The grey bar represents the total range of the candle from the high to the low, and the second bar represents the body of the bar from the open to the close. Depending on whether the bar is bullish or bearish, the second bar will be colored green or red respectively.
Two averages will also be drawn over these bars that represent the average size of the two bar types over a period that is specified by the user. These averages can be toggled in the indicator settings.
█ SETTINGS
Configuration
• Period: Determines how many bars to use in the calculation of the averages.
• Show Bar Average: Determines whether or not the average for the full bar size is displayed.
• Show Body Average: Determines whether or not the average for the body is displayed.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.