IPDA operating range by makuchaku

5 thg 3, 2022

Determining operating range is critical for trading.
You *need* to sell in premium & buy in discount.

This script determines an operating range by stepping back on an HTF timeframe to calculate that HTF candle's range. If the current candle in HTF breaks out, the range expands accordingly.

The timeframe mapping I've used is

• Intraday & <= 2H : use Daily as HTF range
  
• Intraday & > 2H : use Weekly as HTF range
  
• Daily : use Monthly as HTF range
  
• Weekly : use 6 Months as HTF range
  

The HTF mapping is my own personal preference. If you prefer, you can easily copy the indicator and create your own mapping.

Once the HTF range is known, the indicator also plots 0%, 25%, 50% and 100% levels.

5 thg 3, 2022

Phát hành các Ghi chú

Updated details on chart

5 thg 3, 2022

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Cleanup

5 thg 3, 2022

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When replaying candlesticks, old lines from the IPDA range are now deleted