OPEN-SOURCE SCRIPT
已更新 Anchored Progressive Range
Introducing a simple script based off of the idea that ranges form from a point of origin that can be measured and produce interesting analysis indicating potential opportunities.
Specifically I use this on daily and weekly anchorage to find mid range retracements once range has developed.
Configure internal multipliers to provide potentially useful measurements between range high and mid point, as well as mid point and range low. By default it's standard .25 based multipliers but one could adjust to fib multipliers such as .615, .65, etc.
Anchored open price is plotted as continuous line as often times reversals will occur and open price will be tested on daily, weekly, monthly timeframes.
Once a bit of range is established and there's a rapid adjustment of range mid up or down, these can signal interesting breakouts. Also areas where the range stays flat due to no new high or low being printed can be indicative of consolidation, etc.
I've tested this with heikin ashi, renko, bars, line and regular candles through various markets such as futures, etfs and stocks and everything appears to anchor correctly, please feedback if experiencing otherwise.
I hope you enjoy this indicator as much as I enjoyed creating it, happy trading!
Specifically I use this on daily and weekly anchorage to find mid range retracements once range has developed.
Configure internal multipliers to provide potentially useful measurements between range high and mid point, as well as mid point and range low. By default it's standard .25 based multipliers but one could adjust to fib multipliers such as .615, .65, etc.
Anchored open price is plotted as continuous line as often times reversals will occur and open price will be tested on daily, weekly, monthly timeframes.
Once a bit of range is established and there's a rapid adjustment of range mid up or down, these can signal interesting breakouts. Also areas where the range stays flat due to no new high or low being printed can be indicative of consolidation, etc.
I've tested this with heikin ashi, renko, bars, line and regular candles through various markets such as futures, etfs and stocks and everything appears to anchor correctly, please feedback if experiencing otherwise.
I hope you enjoy this indicator as much as I enjoyed creating it, happy trading!
版本注释
Updated anchor input to timeframe input and opened it up to whatever you want, I'm honestly not sure what I was thinking restricting it to only a subset :DEnjoy!
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
@tradeseekers (YouTube, Twitter)
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
@tradeseekers (YouTube, Twitter)
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。