OPEN-SOURCE SCRIPT
SKYROCKET | CBDR Range
Updated
It will visualize ranges considering the distance of the high and low of the range.
Release Notes
- Close to close mode is available now!Release Notes
Repeats each day!Release Notes
Updating the range style (you requested)Release Notes
Added Timezone UTC Offset option as many people requested. To use that, open settings and adjust the Timezone Hour and Minutes offset from UTC. Release Notes
New Enhancements:Overnight Range Support: Thanks to valuable feedback from Barnyard2106, the indicator now correctly handles ranges that span over midnight. Users can define a range starting late in one day and ending early in the next, such as from 21:00 to 04:00, and the indicator will accurately plot throughout the entire period.
Close to Close Calculation: The 'Close to Close' feature has been fixed. When selected, the indicator will consider the highest and lowest closing prices within the specified range to plot the levels. This is particularly useful for traders focusing on closing price dynamics.
Instructions for Use:
Set the start and end times for your desired range. If your range ends on the next day, simply set the end time to the appropriate value (e.g., Start: 23:00, End: 03:00), and the indicator will handle it seamlessly.
Adjust the time-zone difference based on your desired time-zone.
Select 'Close to Close' if you wish to calculate the range based on closing prices.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.