CD_Average Daily Range Zones- highs and lows of the day
5477 مشاهدة
//CD //Average Daily Range Levels - 10 day study(title="CD_Average Daily Range Zones", shorttitle="CD_Daily High/Low Zones V01", overlay=true) //dayHigh=security(tickerid, 'D', high[1]) OPEN=security(tickerid, 'D', open) //ADR L dayrange=(high - low) r1 = security(tickerid, 'D', dayrange[1]) r2 = security(tickerid, 'D', dayrange[2]) r3 = security(tickerid, 'D', dayrange[3]) r4= security(tickerid, 'D', dayrange[4]) r5= security(tickerid, 'D', dayrange[5]) r6 = security(tickerid, 'D', dayrange[6]) r7 = security(tickerid, 'D', dayrange[7]) r8 = security(tickerid, 'D', dayrange[8]) r9= security(tickerid, 'D', dayrange[9]) r10= security(tickerid, 'D', dayrange[10]) adr_10 = (r1+r2+r3+r4+r5+r6+r7+r8+r9+r10) /10 adr_9 = (r1+r2+r3+r4+r5+r6+r7+r8+r9) /9 adr_8 = (r1+r2+r3+r4+r5+r6+r7+r8) /8 adr_7 = (r1+r2+r3+r4+r5+r6+r7) /7 adr_6 = (r1+r2+r3+r4+r5+r6) /6 adr_5 = (r1+r2+r3+r4+r5) /5 adr_4 = (r1+r2+r3+r4) /4 adr_3 = (r1+r2+r3) /3 adr_2= (r1+r2)/2 adr_1 = r1 //plot adrhigh10=plot((OPEN+(adr_10/2)) , title="ADR High10",style=circles,color=red,linewidth=2) adrlow10=plot((OPEN-(adr_10/2)), title="ADR LOW10",style=circles, color=green,linewidth=2) //adrhigh9=plot((OPEN+(adr_9/2)) , title="ADR High9",style=circles,color=red,linewidth=2) //adrlow9=plot((OPEN-(adr_9/2)), title="ADR LOW9",style=circles, color=green,linewidth=2) //adrhigh8=plot((OPEN+(adr_8/2)) , title="ADR High8",style=circles,color=red,linewidth=2) //adrlow8=plot((OPEN-(adr_8/2)), title="ADR LOW8",style=circles, color=green,linewidth=2) //adrhigh7=plot((OPEN+(adr_7/2)) , title="ADR High7",style=circles,color=red,linewidth=2) //adrlow7=plot((OPEN-(adr_7/2)), title="ADR LOW7",style=circles, color=green,linewidth=2) //adrhigh6=plot((OPEN+(adr_6/2)) , title="ADR High6",style=circles,color=red,linewidth=2) //adrlow6=plot((OPEN-(adr_6/2)), title="ADR LOW6",style=circles, color=green,linewidth=2) adrhigh5=plot((OPEN+(adr_5/2)) , title="ADR High5",style=circles,color=red,linewidth=2) adrlow5=plot((OPEN-(adr_5/2)), title="ADR LOW5",style=circles, color=green,linewidth=2) //adrhigh4=plot((OPEN+(adr_4/2)) , title="ADR High4",style=circles,color=red,linewidth=2) //adrlow4=plot((OPEN-(adr_4/2)), title="ADR LOW4",style=circles, color=green,linewidth=2) //adrhigh3=plot((OPEN+(adr_3/2)) , title="ADR High3",style=circles,color=red,linewidth=2) //adrlow3=plot((OPEN-(adr_3/2)), title="ADR LOW3",style=circles, color=green,linewidth=2) //adrhigh2=plot((OPEN+(adr_2/2)) , title="ADR High2",style=circles,color=red,linewidth=2) //adrlow2=plot((OPEN-(adr_2/2)), title="ADR LOW2",style=circles, color=green,linewidth=2) //adrhigh1=plot((OPEN+(adr_1/2)) , title="ADR High1",style=circles,color=red,linewidth=2) //adrlow1=plot((OPEN-(adr_1/2)), title="ADR LOW1",style=circles, color=green,linewidth=2) fill(adrlow10,adrlow5,color=lime) fill(adrhigh10,adrhigh5,color=maroon) //fill(adrlow2,adrlow9,color=lime) //fill(adrhigh2,adrhigh9,color=maroon) //fill(adrlow3,adrlow8,color=lime) //fill(adrhigh3,adrhigh8,color=maroon) //fill(adrlow4,adrlow7,color=lime) //fill(adrhigh4,adrhigh7,color=maroon) //fill(adrlow6,adrlow2,color=lime) //fill(adrhigh6,adrhigh2,color=maroon)
Question - If the index gaps up more than normal for example 5 points on S&P, does the script take that gap into account for the current day that I'm trading? Or would you recommend taking more caution with the ranges that the script gives, if the morning gap isn't your typical morning gap?
I haven't tracked whether it's more or less accurate on "gap days", but just wondering.
Now the only thing I need to know is which zone is it heading for first in the morning :-)
Thanks again!
Any other scripts that are made for an algorithm index like SPX? Ha, jk. Thanks again. Crazy how accurate this is.