OPEN-SOURCE SCRIPT
ka66: Average Bar Range
Averages price ranges (high - low) across a set of bars in a given timeframe. Additionally, also plots the Average True Range (ATR) as a better comparison for volatility.
Configurable period and averaging mechanism.
Useful for gauging minimum profits and price movement over a period, a filter for historical volatility.
Furthermore, executing trades is better done with channels like ATR/Keltner channels, or Bollinger Bands.
Configurable period and averaging mechanism.
Useful for gauging minimum profits and price movement over a period, a filter for historical volatility.
Furthermore, executing trades is better done with channels like ATR/Keltner channels, or Bollinger Bands.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.