OPEN-SOURCE SCRIPT
Crab Range Finder
Finds the "crab range" of current price action.
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The lines corresponds are follows:
Green line represents the average high price
Orange line represents the median price
Yellow line represents the average low price
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By default, the last 5 bars are used when calculating the price lines, this value can be changed in settings as needed to tune for accuracy.
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The lines corresponds are follows:
Green line represents the average high price
Orange line represents the median price
Yellow line represents the average low price
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By default, the last 5 bars are used when calculating the price lines, this value can be changed in settings as needed to tune for accuracy.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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