cristian.d

CD DeMark Range Expansion V1

Filled support resistance zones for better visualization.
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?
//Created by CristianD
study(title="CD DeMark Range Expansion V1", shorttitle="CD DeMark Range Expansion V1", overlay=true) 
sr = input(true, title="Show Daily Range")

range = high - low

// Daily line breaks
sopen = security(tickerid, "D", open)

a=range[1]*0.382
b=range[1]*0.618
h=sopen+a
h1=sopen+b
l=sopen-a
l1=sopen-b


// Color
hcolor=sopen != sopen[1] ? na : maroon
hcolor1=sopen != sopen[1] ? na : red
lcolor=sopen != sopen[1] ? na : green
lcolor1=sopen != sopen[1] ? na : lime


//Daily Range
highrange1 = security(tickerid, 'D', h) 
highrange2 = security(tickerid, 'D', h1) 
lowrange1 = security(tickerid, 'D', l) 
lowrange2 = security(tickerid, 'D', l1) 


offs_daily = 0
H1=plot(sr and highrange1 ? highrange1 : na, title="Daily High1",color=hcolor, linewidth=1)
H2=plot(sr and highrange2 ? highrange2 : na, title="Daily Daily High2", color=hcolor1, linewidth=1)
L1=plot(sr and lowrange1 ? lowrange1 : na, title="Daily Low1",color=lcolor, linewidth=1)
L2=plot(sr and lowrange2 ? lowrange2 : na, title="Daily Daily Low2", color=lcolor1, linewidth=1)

fill(H1,H2,color=lime)
fill(L1,L2,color=maroon)


Commenti

whats the difference between ADR and this indictor ?
+15 Rispondi
@cristian.d
Can you explain how to use this indicator?
+6 Rispondi
@albinzr, looks like it bookends the daily range between highs and lows. Sell retests of highs, buy retests of lows. If a range is broken one way or the other you can probably expect expansion in that direction.
Rispondi
This is a very nice indicator. Potentially a perfect tool to create a scalping/ltf trade system around. The one thing I can think that would make it better would be an option to plot a mid-line for each range. Thanks!
Rispondi