OPEN-SOURCE SCRIPT
Actualizado Daily Range %
The Daily Range % Indicator calculates and plots a percentage of the daily range (high to low) based on a custom lookback period. It identifies outside bars from past daily data, prioritizing the most recent unbroken range. If no outside bar is found, it defaults to yesterday's range. The selected percentage of this range is then displayed on the chart, updating once per 5-minute bar (or the chosen resolution).
Notas de prensa
The Daily Range % indicator calculates a percentage of the daily trading range and updates dynamically on a 5-minute chart. It identifies significant past price ranges using an "outside bar" logic, where a past day's high and low fully contain another day's range. If today's high-to-low range exceeds the identified historical range, it updates to reflect the new value. The indicator ensures real-time updates by recalculating on every 5-minute bar, making it useful for traders who monitor intraday volatility relative to historical price movement.Notas de prensa
The Daily Range % indicator calculates a percentage of the daily trading range and updates dynamically on a 5-minute chart. It identifies significant past price ranges using an "outside bar" logic, where a past day's high and low fully contain another day's range. If today's high-to-low range exceeds the identified historical range, it updates to reflect the new value. The indicator ensures real-time updates by recalculating on every 5-minute bar, making it useful for traders who monitor intraday volatility relative to historical price movement.Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
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.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
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.