OPEN-SOURCE SCRIPT
Diupdate Papercuts Price Distance Travelled
Papercuts Price Distance Travelled
aka
Maximum Per-Share Profit Potential
For: Intraday swing and scalp Traders.
This is a simple idea i wanted to explore where you could visualize the data of how much a price actually moves during the day.
Measuring through Daily ATR is helpful, but it only measures OHLC of the day, and way more tradeable movement happens than that.
So this measures movement a different way to increase perspective and awareness of price action.
Its like taking a pleated filter and unpleating it, which reveals a way longer structure.
It does this by aggregating the path of travel of an RSVAEMA (Relative Strength Volume Adjusted EMA) and returns the absolute value of its results.
Then it resets this daily, and returns the peak into an array that gets averaged.
This is helpful for seeing how normal or abnormal a days move might actually be. Many days feel extreme, but they are not, and vice versa.
This can be utilized to see how much movement actually happens at different levels. TSLA on 5m is an average daily movement of around 20$, but TSLA 15sec chart shows an average movement of around 100$. Pretty insane.
aka
Maximum Per-Share Profit Potential
For: Intraday swing and scalp Traders.
This is a simple idea i wanted to explore where you could visualize the data of how much a price actually moves during the day.
Measuring through Daily ATR is helpful, but it only measures OHLC of the day, and way more tradeable movement happens than that.
So this measures movement a different way to increase perspective and awareness of price action.
Its like taking a pleated filter and unpleating it, which reveals a way longer structure.
It does this by aggregating the path of travel of an RSVAEMA (Relative Strength Volume Adjusted EMA) and returns the absolute value of its results.
Then it resets this daily, and returns the peak into an array that gets averaged.
This is helpful for seeing how normal or abnormal a days move might actually be. Many days feel extreme, but they are not, and vice versa.
This can be utilized to see how much movement actually happens at different levels. TSLA on 5m is an average daily movement of around 20$, but TSLA 15sec chart shows an average movement of around 100$. Pretty insane.
Catatan Rilis
Updated: Preview ImageSkrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
-joel
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
-joel
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.