Percentage Range Indicator

The Percentage Range Indicator is useful for assessing the volatility of pairs for percentage-based grid bots. The higher the percentage range for a given time period, the more trades a grid bot is likely to generate in that period. Conversely, a grid bot can be optimised by using grids that are less than the Percentage Range Indicator value.

I have been using the Percentage Range Indicator based on the one hour time period and 168 periods of smoothing (seven days based on one-hour periods).

Enjoy.

Nota Keluaran

Script updated to give options for different smoothing -- simple moving average, exponential moving average and weighted moving average. Other code also tidied up.

This script only calculates the range from the high to the low for the period. See my other script, ATRP Arthur, for calculation of the average true range percent. The true range takes into account gaps between periods.

Nota Keluaran

Updated published chart.

Skrip sumber terbuka

Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.

rex_wolfe

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.

Skrip sumber terbuka

rex_wolfe