RicardoSantos

[RS]Cumulative Average Price Grid

grid based on the cumulative average price.

on a sidenote: looks like im baned from chat for a week.

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.

Want to use this script on a chart?
study("[RS]CAP Grid", overlay=true)

c = cum(close)/(1+n)
h = cum(high)/(1+n)
l = cum(low)/(1+n)

factor = h - l

plot(c, color=black, linewidth=2)
plot(h, color=black, linewidth=2)
plot(h + factor, color=black, linewidth=2)
plot(h + factor * 2, color=black, linewidth=2)
plot(h + factor * 3, color=black, linewidth=2)
plot(h + factor * 4, color=black, linewidth=2)
plot(h + factor * 5, color=black, linewidth=2)

plot(l, color=black, linewidth=2)
plot(l - factor, color=black, linewidth=2)
plot(l - factor * 2, color=black, linewidth=2)
plot(l - factor * 3, color=black, linewidth=2)
plot(l - factor * 4, color=black, linewidth=2)
plot(l - factor * 5, color=black, linewidth=2)