Get started
LMJ0011trader

Crab Range Finder

LMJ0011trader  
Candlestick analysis Harmonic Patterns
60
0
candlestickanalysis harmonicpatterns
Finds the "crab range" of current price action.

snapshot

///////

The lines corresponds are follows:

Green line represents the average high price

Orange line represents the median price

Yellow line represents the average low price

///////

By default, the last 5 bars are used when calculating the price lines, this value can be changed in settings as needed to tune for accuracy.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?