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CaptainBrett

Average Gain/Loss

CaptainBrett  
Average Directional Index (ADX) Average True Range (ATR) Candlestick Analysis
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averagedirectionalindex averagetruerange candlestick
The Average Gain/Loss indicator adds rays to show what the average trade range might be for a given ticker based on historical data.

Green lines are the average gain, red lines are the average loss and black are the overall average.

Darker lines are the average of close to close and lighter lines are the candle averages.

Default average is set to 50 bars but is adjustable in settings.

Have modification ideas for this indicator? Just let me know and I will gladly consider them!
Your constructive feedback and creative ideas are valued in my commitment to continuous improvement and user satisfaction.

If you find my trading indicators beneficial, I welcome your support through donations at: linktr.ee/captainbrett
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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.

Author's instructions

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