lefrog

lefrog_Price Range Waveform

The Price Range Waveform calculated the difference from the open to close in percentage based.
The "Critical Range" input field lets you calibrate the zone above which a background color will be triggered.

Very useful in evaluating price expansion/contraction cycles and probable bottoms.

Works on any ticker and any timeframe.
Modification of the "Critical Range" default value may be mandatory.
Release Notes: - Added the ability to color the signal based on the candle close.
- Added the ability to plot the Waveform body with EMA instead of TEMA.
- Slight graphical improvements.
Release Notes: - Screenshot updated
Release Notes: - Added a slower MA. Helps in spotting wider cycles
- Code cleanup. Improved readability
Release Notes: - Modified Thumbnail
Release Notes: New in v1.6
- Core calculation has been rewritten
- Bottom side of the waveform is now more relevant
- Added the ability to disable the signals from the property menu
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