LoD dist.%

18 saat önce

Lod dist.% is to calculate the percentage distance between the lows of day price and the current price in real-time.
In addition, I also use 20 day ADR%, and based on the comparison to 20 day ADR%, I create the three color of Lod dist.% (green, yellow, and red), tells if the Lod dist.% is <=1/2 ADR% or >1/2 but <=1 ADR% or >1 ADR%.
This help me understand if the buy at the tight risk (green), or is it a chase (red).

12 saat önce

Sürüm Notları

This indicator shows three information: 20 day ADR%, low of day price, and the percentage distance between the low of day price and the current price in real-time.
This indicator is usefyl If you use the low of day price as your stop loss, and it shows if breakout buy is around risk tight point (1/2-1 ADR%) or is it more of a chase (>1 ADR%).
The Lod dist. can display in three colors - green (<=1/2 adr%), yellow (>1/2 adr% and <= 1 adr%), or red (>1 adr%).