The script we've been working on is an indicator designed to display the high-low range of the last candlestick on a TradingView chart. It does so by plotting two lines: one for the high and another for the low of the last completed candlestick.
Additionally, the script includes a label that shows the numerical value of the high-low range. This label is positioned between the plotted lines, showing the difference between the high and low prices of the last candlestick.
The script operates in real-time, updating dynamically as new candlesticks form. Furthermore, it automatically removes the label after the close of the candlestick, maintaining a clean and clutter-free chart.
This indicator can help traders quickly visualize and assess the range of the last completed candlestick, aiding in their analysis of price action.
Love this indicator!!! Saves me the trouble of having to constantly move my eyes back and forth to monitor my ATR that I use with a period of one. Any chance that a Highest High/Lowest Low range of more than one candle could be incorporated or written as a separate indicator. My end goal is to is to be able to compare the HL of the most recent candle to the Highest High/Lowest Low of a most recent candle period in order to more easily spot increases in the most recent HL candle vs a Highest High/Lowest Low candle period. Could also do the same thing by comparing the ATR of 1 to an ATR period as well.