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Lyiness

Lyiness_Range-Bar-Identification

Lyiness  
Trend Analysis
115
6
trendanalysis
RBI

The indicator shows you the range bar as a channel and automatically draws it on the chart. The indicator adapts automatically to each chart time.
Using the drawing tool, draw the channel from the 4-hour diagram into the chart and switch to the 15-minute diagram to see a breakout there.

this gives you the strongest resistance and the strongest support line in the chart

snapshot

snapshot




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

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