OPEN-SOURCE SCRIPT
Titans Price Incidence
The Titans Price Incidence indicator is set to display the historical incidence of highs and lows at each price level.
A longer bar indicates a higher occurrence of highs and lows at that price level.
The interval of each price level is determined by a user-defined "degree", which is a multiple of the counter's minimum tick.
For example, a counter with a minimum tick of 0.00001 and a degree of 200 will result in a price interval of 0.002.
As another example, a counter with a minimum tick of 0.001 and a degree of 10000 will result in a price interval of 10.
For convenience the minimum tick of the counter is included as a plot.
The historical period to study is based on a user-defined "lookback", which is the number of candles to look back over.
Finally it is possible to review the indicator display at a certain candle in the past by entering a "reference".
To display the current price incidence, a reference of 0 should be used.
A longer bar indicates a higher occurrence of highs and lows at that price level.
The interval of each price level is determined by a user-defined "degree", which is a multiple of the counter's minimum tick.
For example, a counter with a minimum tick of 0.00001 and a degree of 200 will result in a price interval of 0.002.
As another example, a counter with a minimum tick of 0.001 and a degree of 10000 will result in a price interval of 10.
For convenience the minimum tick of the counter is included as a plot.
The historical period to study is based on a user-defined "lookback", which is the number of candles to look back over.
Finally it is possible to review the indicator display at a certain candle in the past by entering a "reference".
To display the current price incidence, a reference of 0 should be used.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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