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azimuthdynamics
2019년 11월 25일 오후 3시 6분

Developing Range v1.0 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

설명

Developing Range v1.0
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Azimuth Dynamics

Scalping tool for help finding potentially high probability reactive levels. I suggest using on a 5min chart.

GRAY BAND: yesterday's High-Low range
BLUE BAND: today's Developing Range. Mean of today's High-Low range so far and yesterday's High-Low range, this is calculated for each of today's bars
THIN BLUE LINE: the mean of today's range median and yesterday's range median.

Note: we do not use the DAILY bar via 'security()' to obtain today's high and low. This would essentially be forward looking, instead we use iteration to check from the current bar back to midnight, bar by bar. This then allows a developing range to be established as the day prints new highs and lows.

Inspired by volatility trading textbook.

코멘트
vensonom
does this look at Volume Profile's developing value area range ? or is it simply price based with no volume ?
raja74sekhar
Wonderful script
kurtsmock
Pretty cool script. I like how you used the time variables to set the bars back. Great way to define a range!
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