OPEN-SOURCE SCRIPT
Price Boundaries
The "Price Boundaries" indicator provides a dynamic framework to monitor an asset's price extremes over time. By identifying and tracking the highest and lowest levels, it equips traders with essential insights into market trends and potential trading ranges.
Main Features:
Adaptive Price Tracking:
Continuously updates the maximum and minimum price points as the market fluctuates.
Displays these levels visually on the chart using distinct color-coded lines.
Proportional Range Analysis:
Calculates the percentage difference between the current price and the identified high/low boundaries, offering a clear measure of price positioning within the range.
Shaded Visualization:
Adds visually appealing shaded zones to highlight the gaps between the price and its boundaries, enhancing clarity for traders.
Real-Time Functionality:
Processes price data dynamically, ensuring that the displayed boundaries and calculations reflect the latest market movements.
This tool is ideal for traders who want to pinpoint key market levels and assess the likelihood of price reversals or breakouts. The clear visualization of price dynamics allows for informed decision-making and better risk management.
Main Features:
Adaptive Price Tracking:
Continuously updates the maximum and minimum price points as the market fluctuates.
Displays these levels visually on the chart using distinct color-coded lines.
Proportional Range Analysis:
Calculates the percentage difference between the current price and the identified high/low boundaries, offering a clear measure of price positioning within the range.
Shaded Visualization:
Adds visually appealing shaded zones to highlight the gaps between the price and its boundaries, enhancing clarity for traders.
Real-Time Functionality:
Processes price data dynamically, ensuring that the displayed boundaries and calculations reflect the latest market movements.
This tool is ideal for traders who want to pinpoint key market levels and assess the likelihood of price reversals or breakouts. The clear visualization of price dynamics allows for informed decision-making and better risk management.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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