PROTECTED SOURCE SCRIPT
anas Daily range limits
by calculating hour candle average values , the daily range targets forecast for the market condition that normally will not exceed
extreme daily range when there is a very strong news .
high day range when there is an active market .
normal and average range for normal trading day.
low day range which is the minimum range (in normal day its very dangerous to open trade in the direction of the range if there is no news or event that will make it continue)
normally the market range between the low and high range depends on instrument
for how likes technical calculation
hour candle high-low averages (100 hours initial setting )*24 hour * ( Fibonacci values )
extreme = 0.62 , high = 0.62*0.62 , normal = 0.5*0.5 , low = 0.38*0.38
based on : with in hour candle retracement and with in the day retracement = the day rang
works only in 1 hour chart , its adjusted to give currency pip value (will not work correctly on commodities or stock )
extreme daily range when there is a very strong news .
high day range when there is an active market .
normal and average range for normal trading day.
low day range which is the minimum range (in normal day its very dangerous to open trade in the direction of the range if there is no news or event that will make it continue)
normally the market range between the low and high range depends on instrument
for how likes technical calculation
hour candle high-low averages (100 hours initial setting )*24 hour * ( Fibonacci values )
extreme = 0.62 , high = 0.62*0.62 , normal = 0.5*0.5 , low = 0.38*0.38
based on : with in hour candle retracement and with in the day retracement = the day rang
works only in 1 hour chart , its adjusted to give currency pip value (will not work correctly on commodities or stock )
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.