Price Range indicator for Thinkorswim TOS.

Price Range indicator for Thinkorswim.

This indicator simply shows how price changes within a given range.

Features:

1. Max O-H: the maximum value of the difference between Open and High in 1 bar.
2. Max O-L: the maximum value of the difference between Open and Low in 1 bar.
3. Max O-C: the maximum value of the difference between Open and Close in 1 bar.
4. Avg O-H: the average value of the difference between Open and High in the given range.
5. Avg O-L: the average value of the difference between Open and Low in the given range.
6. Avg O-C: the average value of the difference between Open and Close in the given range.
7. Gap Up#: the number of upward gaps in the given range.
8. Gap Dn#: the number of downward gaps in the given range.

Settings:

Length: number of bars used to calculate the price range.

Gap pct: the percentage in price change of the gap.

This indicator works in all time periods.

Example:

If you set length=50, gap pct=1.0 on a Daily chart.

This indicator will find the price range (such as Max O-H, gaps) in 50 trading days.

If you set length=50, gap pct=1.0 on a 15min chart.

This indicator will find the price range (such as Max O-H, gaps) in 50 15min bars.

If you want to add any feature to this indicator, please send us a Customization request.
This is a free item for VIP member only.

Regular member can get this for free by taking a quick survey.