The Price Range Waveform calculated the difference from the open to close in percentage based. The "Critical Range" input field lets you calibrate the zone above which a background color will be triggered.
Very useful in evaluating price expansion/contraction cycles and probable bottoms.
Works on any ticker and any timeframe. Modification of the "Critical Range" default value may be mandatory.
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- Added the ability to color the signal based on the candle close. - Added the ability to plot the Waveform body with EMA instead of TEMA. - Slight graphical improvements.
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- Screenshot updated
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- Added a slower MA. Helps in spotting wider cycles - Code cleanup. Improved readability
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- Modified Thumbnail
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New in v1.6 - Core calculation has been rewritten - Bottom side of the waveform is now more relevant - Added the ability to disable the signals from the property menu