OPEN-SOURCE SCRIPT
Updated Average Price / Time
Average Price / Time calculates an anchored time-at-price average from a selected starting candle.
The script uses 1-hour candle ranges by default and treats time as evenly distributed across each candle’s high-low range. From the selected anchor point, it calculates the average price and plots standard deviation bands around it.
Features:
- Mouse-selected start candle
- Time-at-price average
- STD1, STD2, and STD3 bands
- Current z-score shown in the data window
Note:
This is a time-at-price approximation, not a volume-weighted calculation. It measures where price spent time, not where the most volume traded.
The script uses 1-hour candle ranges by default and treats time as evenly distributed across each candle’s high-low range. From the selected anchor point, it calculates the average price and plots standard deviation bands around it.
Features:
- Mouse-selected start candle
- Time-at-price average
- STD1, STD2, and STD3 bands
- Current z-score shown in the data window
Note:
This is a time-at-price approximation, not a volume-weighted calculation. It measures where price spent time, not where the most volume traded.
Release Notes
Added linear-regression projection tools for Avg and standard deviation levels.The indicator now calculates regression slopes for Avg, STD1, STD2, and STD3 levels from the anchored period and draws forward projection lines based on those fitted trends.
Projection length is user configurable, and projected slopes are available in the data window.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.