[RS]ADR channel V0 — Indicator by RicardoSantos

bandsandchannels volatility trendanalysis experimental adr dayrange

EXPERIMENTAL: needs validation if calculation is correct for the ADR. granted it has more use with optional timeframe.

Release Notes:

Update for V5:
Average Day Range Channel with optional timeframe component. The Channel can be used as a visual tool overlayed on a security to identify price movements near exhaustion or identify trends and help determine potential volatility

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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