Price Range Accumulation-Distribution [MarktQuant]
Core Functionality
PRAD calculates a central mean price using a smoothed average of OHLC data over a customizable period. It then creates a series of price levels above and below this mean, forming bullish (overbought) and bearish (oversold) zones. These zones help traders spot where price might be overstretched, signaling potential reversals or continuation.
Visual Features
Price Levels: Multiple lines are plotted above and below the mean, with colors transitioning from green (bearish zones) to red (bullish zones), indicating increasing distance from the mean.
Bar Coloring: Bars turn green in oversold zones and red in overbought zones, with the option to toggle this feature on or off.
Plots: The mean and surrounding levels can be shown or hidden, providing a clean or detailed view as needed.
Use Case
This indicator is perfect for traders aiming to time entries and exits based on price extremes. It highlights when an asset might be undervalued (accumulation) or overvalued (distribution), aiding in trend or mean-reversion strategies.
Customization
Mean Length: Adjusts the period for the mean calculation.
Multiplier: Scales the distance of zones from the mean.
Display Options: Toggle bar colors and plot visibility.
🔔Alerts
PRAD includes built-in alerts:
Buy Alert: Triggered when price crosses into the oversold zone.
Sell Alert: Triggered when price enters the overbought zone.
This tool offers a straightforward yet effective way to visualize price behavior relative to key levels, with flexible settings for tailored trading insights.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MarktQuant directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MarktQuant directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.