CD_Average Daily Range Zones- highs and lows of the day

Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
//Average Daily Range Levels - 10 day

study(title="CD_Average Daily Range Zones", shorttitle="CD_Daily High/Low Zones V01", overlay=true) 

//dayHigh=security(tickerid, 'D', high[1]) 
OPEN=security(tickerid, 'D', open) 

dayrange=(high - low)

r1 = security(tickerid, 'D', dayrange[1]) 
r2 = security(tickerid, 'D', dayrange[2]) 
r3 = security(tickerid, 'D', dayrange[3]) 
r4= security(tickerid, 'D', dayrange[4])
r5= security(tickerid, 'D', dayrange[5])
r6 = security(tickerid, 'D', dayrange[6]) 
r7 = security(tickerid, 'D', dayrange[7]) 
r8 = security(tickerid, 'D', dayrange[8]) 
r9= security(tickerid, 'D', dayrange[9])
r10= security(tickerid, 'D', dayrange[10])

adr_10 = (r1+r2+r3+r4+r5+r6+r7+r8+r9+r10) /10
adr_9 = (r1+r2+r3+r4+r5+r6+r7+r8+r9) /9
adr_8 = (r1+r2+r3+r4+r5+r6+r7+r8) /8
adr_7 = (r1+r2+r3+r4+r5+r6+r7) /7
adr_6 = (r1+r2+r3+r4+r5+r6) /6
adr_5 = (r1+r2+r3+r4+r5) /5
adr_4 = (r1+r2+r3+r4) /4
adr_3 = (r1+r2+r3) /3
adr_2= (r1+r2)/2
adr_1 = r1

adrhigh10=plot((OPEN+(adr_10/2)) , title="ADR High10",style=circles,color=red,linewidth=2) 
adrlow10=plot((OPEN-(adr_10/2)), title="ADR LOW10",style=circles, color=green,linewidth=2)
//adrhigh9=plot((OPEN+(adr_9/2)) , title="ADR High9",style=circles,color=red,linewidth=2) 
//adrlow9=plot((OPEN-(adr_9/2)), title="ADR LOW9",style=circles, color=green,linewidth=2)
//adrhigh8=plot((OPEN+(adr_8/2)) , title="ADR High8",style=circles,color=red,linewidth=2) 
//adrlow8=plot((OPEN-(adr_8/2)), title="ADR LOW8",style=circles, color=green,linewidth=2)
//adrhigh7=plot((OPEN+(adr_7/2)) , title="ADR High7",style=circles,color=red,linewidth=2) 
//adrlow7=plot((OPEN-(adr_7/2)), title="ADR LOW7",style=circles, color=green,linewidth=2)
//adrhigh6=plot((OPEN+(adr_6/2)) , title="ADR High6",style=circles,color=red,linewidth=2) 
//adrlow6=plot((OPEN-(adr_6/2)), title="ADR LOW6",style=circles, color=green,linewidth=2)
adrhigh5=plot((OPEN+(adr_5/2)) , title="ADR High5",style=circles,color=red,linewidth=2) 
adrlow5=plot((OPEN-(adr_5/2)), title="ADR LOW5",style=circles, color=green,linewidth=2)
//adrhigh4=plot((OPEN+(adr_4/2)) , title="ADR High4",style=circles,color=red,linewidth=2) 
//adrlow4=plot((OPEN-(adr_4/2)), title="ADR LOW4",style=circles, color=green,linewidth=2)
//adrhigh3=plot((OPEN+(adr_3/2)) , title="ADR High3",style=circles,color=red,linewidth=2) 
//adrlow3=plot((OPEN-(adr_3/2)), title="ADR LOW3",style=circles, color=green,linewidth=2)
//adrhigh2=plot((OPEN+(adr_2/2)) , title="ADR High2",style=circles,color=red,linewidth=2) 
//adrlow2=plot((OPEN-(adr_2/2)), title="ADR LOW2",style=circles, color=green,linewidth=2)
//adrhigh1=plot((OPEN+(adr_1/2)) , title="ADR High1",style=circles,color=red,linewidth=2) 
//adrlow1=plot((OPEN-(adr_1/2)), title="ADR LOW1",style=circles, color=green,linewidth=2)



Good job
What are the rules for this strategy? Should you wait until it touches the zone (upper or lower)?
Please can you make it for weekly and monthly
Because daily zones worked excellently
Thanks for the same
@CD_CD Thanks for gifting,
I wanted to know detailed calculation ,need to be created scanner, when touches High low ,pls its humble request,
+8 응답
would you be able to assist with script for weekly and monthly???
+3 응답
Is this script good for Forex or only for stock indicies?
It it possible to get this made for MT4?
+4 응답
Will it be modified in 12-hour increments? Thank you
+4 응답
@cristian.d I have to say, I've had this script on my chart now for the last 4+ weeks, and probably 75% (or even more) or the days, those highs/lows are perfect buy/sell points. I have been using on S&P 500 (SPX).

Question - If the index gaps up more than normal for example 5 points on S&P, does the script take that gap into account for the current day that I'm trading? Or would you recommend taking more caution with the ranges that the script gives, if the morning gap isn't your typical morning gap?

I haven't tracked whether it's more or less accurate on "gap days", but just wondering.

Now the only thing I need to know is which zone is it heading for first in the morning :-)
stockspy stockspy
@cristian.d also for days when it breaks out above or below a range, very often it comes right back down to that range after it's done breaking out, to either test it again or even close at the range.
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 프렌드 리퍼하기 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃