OPEN-SOURCE SCRIPT

TrendBox

281
This indicator is called "TrendBox," designed to help traders analyze daily price ranges using several technical indicators. Below is a breakdown of its functionality, purpose, and key components:

Purpose
The script overlays indicators on a chart to assess whether the price is above or below key levels:

VWAP (Volume Weighted Average Price, based on the chart's timeframe).

Daily Market Open (fetched from the daily timeframe).

Daily 4-period VWMA (Volume Weighted Moving Average, fetched from the daily timeframe).

VIX-based expected range (high and low levels calculated using the VIX index).

It also displays a status box (optional) summarizing whether the price is above or below these levels, helping traders quickly evaluate market conditions.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.