Combines oscarvs' BTC Killzones with four EMAs and the trader's 13/49 golden cross as well as the investor's 50/200 golden cross. Note that the killzones highlight the first two hours of market action in each of the three main crypto markets, so this time period will have to be adjusted for daylight savings time in April and in November.
Measuring the difference between the highs and lows from the average, this measure can serve as a proxy for the volatility, just like the ATR.
However, it breaks the range into an upward and a downward moving component, so it also gives information about the current trend direction.
In fact, I turned it into a momentum indicator...
Very simple indicator showing stock price's low / high range swing of the bars for of selected time interval.
Helps determine trading range of the stock price.
Depending on the price movement direction during interval bars on the graph changing colors
Also shows averaged price range line.
The script combines 3 single Bollinger bands into one script for easy plotting and range modification. It can be used for analyzing a market with multiple time frames and ranges using Fibonacci series as the range.