OPEN-SOURCE SCRIPT

Previous Candle Range Split into Thirds

1 002
This script plots two horizontal lines over the previous candle to divide its total range (high to low) into three equal parts. The first line marks 33% of the range from the low, and the second marks 66%. This helps users visually identify whether the previous candle closed in the lower, middle, or upper third of its range, providing context on potential buyer or seller dominance during that session.

Users can customize the color, width, and style (solid, dotted, dashed) of each line, as well as toggle their visibility from the script's input settings.

This indicator is designed as a discretionary analysis tool and does not generate buy or sell signals.

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