OPEN-SOURCE SCRIPT
[JHF] Candle Range Average
The Candle Range Average indicator, developed by JHF, is designed to help traders analyze the volatility of price movements within each candle. The indicator calculates the difference between the high and low of each candle, offering a clear visualization of price range.
Key features include:
This indicator is useful for identifying periods of high and low volatility, which can be critical for timing entries and exits in trading strategies.
Key features include:
- Moving Average: A simple moving average (SMA) of the candle ranges, helping to smooth out fluctuations and identify trends in volatility.
- Percentage Mode: An optional setting to switch between absolute price movement and percentage price movement, providing flexibility depending on your analysis needs.
This indicator is useful for identifying periods of high and low volatility, which can be critical for timing entries and exits in trading strategies.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
The Real World - Stocks Campus:
Stocks, Options, Futures, Forex, Crypto, this is what we trade.
Learn profitable trading systems or build your own, just like I did.
jointherealworld.com/?a=tkbmft8bqf
Stocks, Options, Futures, Forex, Crypto, this is what we trade.
Learn profitable trading systems or build your own, just like I did.
jointherealworld.com/?a=tkbmft8bqf
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
The Real World - Stocks Campus:
Stocks, Options, Futures, Forex, Crypto, this is what we trade.
Learn profitable trading systems or build your own, just like I did.
jointherealworld.com/?a=tkbmft8bqf
Stocks, Options, Futures, Forex, Crypto, this is what we trade.
Learn profitable trading systems or build your own, just like I did.
jointherealworld.com/?a=tkbmft8bqf
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.