PROTECTED SOURCE SCRIPT
ATR/ADR covered
This indicator is used to gauge the current price movement of the instrument relative to its Daily ATR and Daily ADR%.
The indicator has 4 parameters on its panel.
ADR% - This shows the average daily price range for the past given period.
ATR - This shows the average true range of the past given period.
Atr covered - Expressed in %, this shows how much of the ATR, the price has covered today.
Adr covered - Expressed in %, this shows how much of the ADR%, the price has covered today.
This indicator can be used to gauge how far the intraday price has moved from its ADR% and ATR and hence decide whether the stock is extended or not.
Note: The Indicator only shows values based on Daily timeframe.
-ve value of Atr covered is relative to the price direction of the instrument in comparison to yesterday.
The indicator has 4 parameters on its panel.
ADR% - This shows the average daily price range for the past given period.
ATR - This shows the average true range of the past given period.
Atr covered - Expressed in %, this shows how much of the ATR, the price has covered today.
Adr covered - Expressed in %, this shows how much of the ADR%, the price has covered today.
This indicator can be used to gauge how far the intraday price has moved from its ADR% and ATR and hence decide whether the stock is extended or not.
Note: The Indicator only shows values based on Daily timeframe.
-ve value of Atr covered is relative to the price direction of the instrument in comparison to yesterday.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.