OPEN-SOURCE SCRIPT
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IPDA operating range by makuchaku

48 391
Determining operating range is critical for trading.
You *need* to sell in premium & buy in discount.

This script determines an operating range by stepping back on an HTF timeframe to calculate that HTF candle's range. If the current candle in HTF breaks out, the range expands accordingly.

The timeframe mapping I've used is
  • Intraday & <= 2H : use Daily as HTF range
  • Intraday & > 2H : use Weekly as HTF range
  • Daily : use Monthly as HTF range
  • Weekly : use 6 Months as HTF range


The HTF mapping is my own personal preference. If you prefer, you can easily copy the indicator and create your own mapping.

Once the HTF range is known, the indicator also plots 0%, 25%, 50% and 100% levels.
Informacje o Wersji
Updated details on chart
Informacje o Wersji
Cleanup
Informacje o Wersji
When replaying candlesticks, old lines from the IPDA range are now deleted

Wyłączenie odpowiedzialności

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