OPEN-SOURCE SCRIPT
[RS]ADR channel V0
Updated
EXPERIMENTAL: needs validation if calculation is correct for the ADR. granted it has more use with optional timeframe.
Release Notes
Update for V5:Average Day Range Channel with optional timeframe component. The Channel can be used as a visual tool overlayed on a security to identify price movements near exhaustion or identify trends and help determine potential volatility
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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