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.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。