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A means for tracking price ranges for gap up/down and longer buying/selling tails. This may have some value for buying/selling opportunities based on the relative significance of the range. The look back period is adjustable and works for any time frame. If you have any success using it leave some feedback.

-Squam
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Commenti

thank you... can u extend the lines more
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Excellent, thank You.
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too good ..
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I like this indicator! Appreciate you putting it together and sharing it with us all.
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hi Squam,
out of box thinking indicator!!! thanks for sharing. came across by accident and very happy for the same. do you have any trade plan also based on this?? or how it support your analysis? just curious to know. As a price action trader and also a wycoff follower, i feel it will be very useful for my trading plan integration; will share my idea of integration if it works out. thanks again; looking forward for your creative analysis thinking reply
cheers
sathya nr
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Hey, thanks for the awesome indicator!
Figuring out the right period feels hard (maybe it would be good to make it variable per timeframe) but your indicator shows some very significant zones that are otherwise easily overlooked.
kind regards
~S~
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