OPEN-SOURCE SCRIPT

Range Deviations @joshuuu

Updated
This indicator is able to show ranges, the equlibrium (50%) and range deviations.
It has four pre-defined options and one custom version.
Asia (2000-0000) ny time
CBDR(1400-2000) ny time
Flout(1400-0000) ny time
ONS (OverNightSession)(0400-0800) chicago time
Custom (you can choose the times)

ICT (Inner Circle Traders) teaches, that those range deviations of asia,cbdr,flout can be used to find the daily high/low.
TCM (The Currency Merchant) teaches, that a move out of the range often is a false move to trap traders into the wrong direction.
Release Notes
Complete Rewrite of my previous Range Devitiation indicator

- Asia, CBDR, Flout by ICT
- ONS by TCM
- Custom Session

- Option for Half or Full Standard Deviations
- Option to show Equlibrium
- Option to toggle on/off Range Boxes and Session Start/End-Lines


Combining standard deviations of those ranges with PD-Arrays taught by ICT, this tool helps identifying the next draw on liquidity and projecting daily highs/lows.
Release Notes
- fixed half deviations on custom
ASIAcbdrCyclesdeviationseducationalfloutictrangestandardstdTCMVolatility

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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